MEXC Will Lower Maximum Leverage Multipliers and Adjust Funding Rate Limit for AUDIO USDT-M Futures (May 24)
Dear MEXCers,
In order to provide you with a better trading experience, MEXC Futures will be lowering the maximum leverage multiplier and adjusting the funding rate limit for the following futures trading pairs on May 24, 2024, at 12:40 (UTC).
Futures Trading Pair | Maximum Leverage Multiplier Before Adjustment | Maximum Leverage Multiplier After Adjustment |
AUDIO USDT | 50 | 15 |
Please promptly adjust your positions and unfilled orders to avoid unnecessary losses. The closing PNL is related to the closing quantity, the average position price, and the closing price. Adjusting the leverage multiplier will not affect your closing PNL.
For the latest funding rate details, please refer to the following guide:
Web: Information >> Funding Rate History.
APP: Futures >> ··· >> Futures Info
Important Notes:
After the adjustment, positions that exceed the new maximum leverage multiplier can be closed, but you will not be able to add to them. Please modify your positions to fall within the new supported leverage range to resume normal trading.
If you have limit orders that exceed the new maximum leverage limit, they can still be filled. However, you will not be able to place new orders. We recommend that you cancel these orders and modify them to fall within the new supported leverage range to resume normal trading.
For any trigger orders and trailing stop orders that exceed the new maximum leverage limit, they will not be filled if triggered. We recommend that you cancel these orders and modify them to fall within the new supported leverage range.
If you have set a fixed leverage multiplier for your copy trades, and the set leverage exceeds the new maximum leverage multiplier, your orders will not be filled. Please manually modify the leverage multiplier in Copy Trade settings to fall within the new supported leverage range.
The funding rate of the futures mentioned above may be further adjusted. Please stay tuned for the latest announcements.
Users are advised to refer to the updated funding rate before placing orders. For existing open orders, please adjust your position and margin accordingly to prevent liquidation.
Thank you for trading on MEXC Futures!
Enjoy trading on MEXC.
MEXC Team
May 24, 2024