<p>In order to reduce transaction fees, provide a better trading experience and reward active traders, MEXC Futures implemented a tiered fee rate starting at 16:00 (UTC+8) on October 14, 2020. The details are as follows:</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231805483FdPBCVd43bLamM.jpg" alt="_en.jpg"></p> <p><strong>Note:</strong></p> <ol> <li>Trading volume= opening + closing (all contract types).</li> <li>Trader level is updated every day at 16:00(UTC) according to the user's Futures account wallet balance or the user's 30-day trading volume. The update time may be slightly delayed.</li> <li>When the contract fee rate is 0 or negative, the contract fee discount will not be used.</li> <li>Market makers are not entitled to this discount.</li> </ol> <p>These rules form part of the platform user agreement and have the same legal effect as the user agreement.</p>
<p><span style="font-weight:400">Login</span></p> <p>1. Click on the navigation bar to enter the futures trading tab and select the trading pair.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012710913s5VDmD7r1K185H.png" alt="en11.png" width="288" height="594" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012712748QH95g7Ehi3fe6t.png" alt="en12.png" width="287" height="590" /></p> <p><span style="font-weight:400">2. Click on the K-line icon on the upper right corner to view the K-line chart. Click on the right side of the K-line icon to view the futures info, use the calculator, and other functions.</span></p> <p><span style="font-weight:400"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012714297Mq8exgoLZwArVz.png" alt="en21.png" width="282" height="570" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012715856fOLpxTNG2iQl5H.png" alt="en22.png" width="282" height="571" /></span></p> <p><span style="font-weight:400">3. Trade</span></p> <p><span style="font-weight:400">（1）MEXC perpetual contract consists of USDT-M contracts and COIN-M contracts. USDT-M contracts use USDT as margin, while COIN-M contracts use the corresponding crypto as margin. Users can choose different trading pairs to trade according to their needs.</span></p> <p><span style="font-weight:400"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304290127173580bNLHk5sNU1Fcc.png" alt="en31.png" width="276" height="565" /></span></p> <p><span style="font-weight:400">（2）If there are not enough funds available, users can transfer funds from their spot account to their futures account. If there are no funds in the spot account, users have to top up or trade in fiat.</span></p> <p><span style="font-weight:400"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012718962fMEklkCrzSWjO0.png" alt="en321.png" width="226" height="454" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012720489HlT4M2iN16PbPW.png" alt="en322.png" width="224" height="458" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012721999lLzUzyb9tny5EJ.png" alt="en323.png" width="224" height="456" /></span></p> <p><span style="font-weight:400">（3）To submit an order, fill in the order information in the order section (including selecting the order type, price, and quantity) and then submit the order.</span></p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012723528aSsFhqQh70AHKf.png" alt="en33.png" width="263" height="534" /></p> <ol start="4"><li> </li><li><span style="font-weight:400"> Leverage</span></li><li> </li></ol> <p><span style="font-weight:400">MEXC perpetual contracts support up to 200x leverage, and the maximum leverage varies by product. Leverage is determined by the initial margin and maintenance margin levels. They determine the minimum amount of capital you need to open and maintain a position.</span></p> <p><span style="font-weight:400">* The current two-way mode allows users to use different leverage multiples for long and short positions, and also supports margin mode switching. This means users can switch between cross margin and isolated margin mode.</span></p> <p><span style="font-weight:400">[How to change multiplier]</span></p> <p><span style="font-weight:400">For instance, the multiplier for the long position is 3X and 20X for the short position. In order to reduce the risk hedging, it is recommended that users change the long position from 3X to 20X.</span></p> <p><span style="font-weight:400">Click the [Long 3X] button, and then manually adjust the multiplier. Here, we adjust it to 20X,. Click [Confirm].</span></p> <p><span style="font-weight:400">The leverage multiplier of the long position has changed to 20X.</span></p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012725187oGt9Am6rW2nr6e.png" alt="en4.png" width="223" height="446" /></p> <p> </p> <p> </p> <ol start="5"><li> </li><li><span style="font-weight:400"> Cross Margin Mode</span></li><li> </li></ol> <p><span style="font-weight:400">Cross margin refers to the use of all available balance in the account as margin to avoid liquidation. In this margin mode, liquidation will be triggered when the equity is insufficient to meet the maintenance margin requirement. If a cross margin position is liquidated, the user will lose all assets in the account except for the margin of the isolated margin positions.</span></p> <p> </p> <ol start="6"><li> </li><li><span style="font-weight:400"> Isolated Margin Mode</span></li><li> </li></ol> <p><span style="font-weight:400">The maximum loss of isolated position is limited to the initial margin of the position and the increased margin used by the position. If a position gets liquidated, the user will only lose the isolated position margin for each position, and the available balance of the account will not be added. By isolating the margin used for a position, you can limit losses on that position, thus helping you if your short-term speculative trading strategy fails.</span></p> <p><span style="font-weight:400">Users can manually add margin for their isolated margin positions to optimize the liquidation price. </span></p> <p><span style="font-weight:400">*The system default is isolated margin mode. It will change to cross margin mode when the option is clicked.</span></p> <p><span style="font-weight:400">*Currently, MEXC perpetual contracts allow users to change from isolated margin mode to cross margin mode; note that users can’t change cross margin positions to isolated margin positions.</span></p> <p><span style="font-weight:400">[Change to Isolated Margin]</span></p> <p><span style="font-weight:400">Currently, users can use different leverage multipliers for both long and short positions, and can modify any leverage multiplier in isolated margin mode.</span></p> <p><span style="font-weight:400">[How to Change]</span></p> <p><span style="font-weight:400">For instance, there is a current long BTCUSDT position with 20X leverage. If you want to change the isolated margin mode to cross margin mode, click the [Long 20X] button, then click the [cross margin] button, and finally click [Confirm].</span></p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304290127266489HLYPVGksgJujU.png" alt="en6.png" width="267" height="532" /></p> <ol start="7"><li> </li><li><span style="font-weight:400"> Long & Short</span></li><li> </li></ol> <p><span style="font-weight:400">（1）Buy Long</span></p> <p><span style="font-weight:400">A trader will buy more contracts if he judges that the market price will rise in the future.</span></p> <p><span style="font-weight:400">Going long means buying a contract at a suitable price, waiting for the market price to rise, and then selling (closing the position) to earn the difference. It is similar to spot trading and is referred to as "buy first and sell later".</span></p> <p> </p> <p><span style="font-weight:400">（2）Sell Short</span></p> <p><span style="font-weight:400">A trader will sell contracts if he judges that the market price will fall in the future.</span></p> <p><span style="font-weight:400">Sell short means selling a contract at a suitable price and waiting for the market price to fall before buying (closing the position) to earn the difference. It is referred to as "sell first and buy later".</span></p> <p><span style="font-weight:400">If you have completed the above steps, congratulations, you have traded successfully!</span></p> <p> </p> <ol start="8"><li> </li><li><span style="font-weight:400"> Order</span></li><li> </li></ol> <p><span style="font-weight:400">A variety of order modes are available for MEXC futures, enough to fully meet all traders’ trading needs.</span></p> <p><span style="font-weight:400"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012728195kz9qnEwn7AikyN.png" alt="en8.png" width="272" height="560" /></span></p> <p><span style="font-weight:400">（1）Limit Order</span></p> <p><span style="font-weight:400">Limit orders allow the user to set the order price and the order will be filled at the order price or at a price better than the order price.</span></p> <p><span style="font-weight:400">When using limit order, users can also set the time in force according to their trading needs, with the default being GTC:</span></p> <p><span style="font-weight:400">- GTC (Good-Til-Canceled): This type of order will remain in effect until it is completely filled or canceled.</span></p> <p><span style="font-weight:400">- IOC (Immediate-Or-Cancel): This type of order will be canceled if the order is not filled immediately at the specified price.</span></p> <p><span style="font-weight:400">- FOK (Fill Or Kill): This type of order will be canceled immediately if the order is not filled in full.</span></p> <p> </p> <p><span style="font-weight:400">（2）Market Order</span></p> <p><span style="font-weight:400">Market orders will be filled at the best price available in the order list at the time, eliminating the need to set your own price and allowing orders to be filled quickly.</span></p> <p><span style="font-weight:400">（3）Trigger Order</span></p> <p><span style="font-weight:400">Users set a trigger price. When the base price (market price, index price, fair price) reach the trigger price, the order will be placed at the order price (support limit or market price).</span></p> <p><span style="font-weight:400">（4）Post Only</span></p> <p><span style="font-weight:400">Post only orders will not be immediately traded in the market, ensuring that the user is always a Maker. At the same time, if the order is filled with an existing order, the order will be immediately revoked.</span></p> <p> </p> <p><span style="font-weight:400">（5）Trailing Stop Order</span></p> <p><span style="font-weight:400">A Trailing Stop Order is a strategy order that tracks the market price. Its trigger price may change with market volatility. This trigger price calculation: Sell, Actual Trigger Price = Market's Historically Highest Price - Trail Variance (Var.), Or Market's Historically Highest Price * (1 - Trail Variance %) (Ratio); Buy, Actual Trigger Price = Market's Historically Lowest Price + Trail Variance, Or Market's Historically Lowest Price * (1 + Trail Variance %). At the same time, the user can select the price at which the order is activated. The system will start to calculate the trigger price only after the order is activated.</span></p> <p><span style="font-weight:400">（6）Stop Limit Take Profit</span></p> <p><span style="font-weight:400">MEXC perpetual contract supports opening positions while setting stop loss and take profit. To long BTCUSDT, for example, the entry price 21850 USDT, fill in the take profit price as 21900, stop loss price 21800, and click sell.</span></p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012729667az9u3CcRWDApp8.png" alt="en86.png" width="353" height="710" /></p> <p> </p> <p><span style="font-weight:400">What are the advantages of using perpetual contracts for investment purposes? Let's take the example of a USDT-M contract:</span></p> <p><span style="font-weight:400">Suppose trader A and B participate in BTC trading at the same time, A uses MEXC perpetual contract while B buys spot directly (equivalent to 1 times without opening leverage).</span></p> <p><span style="font-weight:400">The entry price of BTC is 7000 USDT with the entry value of 1 BTC. MEXC perpetual contract BTCUSDT single contract value is 0.0001BTC.</span></p> <p> </p> <p> </p> <p><span style="font-weight:400">Buy/Long Example</span></p> <p><span style="font-weight:400">If the price of BTC increase to 7500 USDT, let’s compare A and B’s earnings: </span></p> <p> </p> <table></table> <table><tbody></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Project</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">A-Perpetual Contracts</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">B-Spot Trade</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Entry Price</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Entry Value</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">10000 contr. (approx. 1 BTC)</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">1 BTC</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Multiplier</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">100X</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">1X (no leverage)</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Funds Used</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">70 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Earnings</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">500 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">500 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Yield Rate</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">714.28%</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7.14%</span></p> </td></tr></tbody></table> <p> </p> <p> </p> <p><span style="font-weight:400">Sell/Short Example</span></p> <p><span style="font-weight:400">If the price of BTC decrease to 6500 USDT, let’s compare A and B’s earnings: </span></p> <p> </p> <table></table> <table><tbody></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Project</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">A-Perpetual Contracts</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">B-Spot Trade</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Entry Price</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Entry Value</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">10000 contr. (approx. 1 BTC)</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">1 BTC</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Multiplier</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">100X</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">1X (no leverage)</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Funds Used</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">70 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7000 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Earnings</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">500 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">500 USDT</span></p> </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">Yield Rate</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">714.28%</span></p> </td></tr></tbody></table> <table><tbody><tr><td> <p><span style="font-weight:400">7.14%</span></p> </td></tr></tbody></table> <p> </p> <p><span style="font-weight:400">By comparing the above cases, we find that A used 100 times leverage and only 1% ofB's margin to get the same return, making a big profit from a small amount.</span></p> <p> </p> <p><span style="font-weight:400">If you need to know more about the data calculation, you can use the "Calculator" on our trading page.</span></p> <p><span style="font-weight:400"><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304290127311415bXBKF65HW1nXz.png" alt="enj1.png" width="324" height="655" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012732617JbdAbYypwF7UXb.png" alt="enj2.png" width="322" height="651" /></span></p> <p> </p> <p> </p> <p> </p>
<p><strong>Step 1: </strong>Click “Trade," and select “Spot."</p> <p>Note: Please ensure that you have transferred the tokens from the “Fiat account” or “Margin account” to the “Main account”, or you have deposited them to your “Main account” from a third party.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231026603JE3dP2q5LuPMn8.png" alt="mceclip6.png"></p> <p><strong>Step 2: </strong>Please select the trading pair that you want to trade directly, such as “BTC/USDT”, or “search” it</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231028098B1eXrNEMK8tABX.png" alt="mceclip7.png"></p> <p><strong>Step 3：</strong>Select “Limit Order”, “Market”, or “Stop-Limit” based on your needs. </p> <p><strong>3.1 Limit Order</strong></p> <p>Please select “Limit Order”, enter the “Price” and “Amount”, and click “Buy BTC” or “Sell BTC” to place the order</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310295057Xay7aTkMHNIwe.png" alt="mceclip8.png"></p> <p><strong>3.2 Market Order</strong></p> <p>Please select “Market”, enter the “Price” or “Amount”, and click “Buy BTC” or “Sell BTC” to place the order.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282310309413G0MWPOgpFImvJ.png" alt="mceclip10.png"></p> <p><strong>3.3 Stop-Limit</strong></p> <p>Please select “Stop-Limit”, enter the “Stop Price”, “Limit Price” and “Amount”, and click “Buy BTC” or “Sell BTC” to place the order.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231032603tzf7sHh44NshAZ.png" alt="mceclip12.png"></p> <p><strong>Step 4：</strong>Check the order state at the bottom of the page.</p> <p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231034051MiHWX4pLYBDnn1.png" alt="mceclip13.png"></p>
<div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">1. Overview</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">To regulate trading activities, maintain market functioning, and ensure fairness, MEXC monitors trading activity to identify and address irregular behavior. When abnormal trading behavior is identified, MEXC may initiate procedures for handling abnormal trading and take corresponding management measures against the users involved.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">2. Identification of Abnormal Trading Behavior</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">A user's activity will be deemed abnormal trading behavior under any of the following circumstances:</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">1) Engaging in repeated self-trading (buying and selling with oneself) or transactions between accounts under the same beneficial control, acting as counterparties multiple times (self-matching). This includes, but is not limited to, abnormal behavior such as identical or related sources of funds across one or more accounts, identical IP addresses, or synchronized trading patterns; accounts under the same actual control using wash trading or matched trades to manipulate market prices; or repeated counterparty transactions between customers within one or more accounts under common control.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">2) Frequent intraday order placement and cancellation that may affect trading prices or mislead other market participants (frequent order placement and cancellation).</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">3) Multiple intraday large-order placements and cancellations that may affect trading prices or mislead other market participants (large-order placement and cancellation).</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">4) The number of opened trades in a single day for a specific trading product (including but not limited to MEXC Futures or Spot) exceeds the intraday trading limits set by the exchange.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">5) Using algorithmic trading methods to place orders in a way that may affect the security of MEXC's systems or the normal trading order.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">6) Trading behavior carried out with dishonest intent: Where MEXC reasonably determines that there may be suspected or actual market manipulation and/or market abuse, including but not limited to the following:</span></span></div><ul style="list-style-type:disc" start="1"><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Conducting trades at executable prices that significantly deviate from current market prices to secure unfair profit.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Deliberately influencing market prices or market depth by other means for the purpose of manipulation.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Exploiting MEXC's pricing mechanisms or other system vulnerabilities for improper gain.</span></span></div></li><li style="text-align:left"><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Engaging in abnormal wash trading to create a false appearance of market activity or distort market behavior for improper gain.</span></span></div></li></ul><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">7) Coordinated multi-account activity: Where two or more accounts are under common control or highly related, and by synchronizing or coordinating their trading behavior, may constitute market manipulation or abuse. In such cases, MEXC may assess and handle the activity collectively based on comprehensive evidence.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">8) Any other circumstances as determined by MEXC.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">3. Handling of Abnormal Trading Behavior</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">To safeguard the integrity of trading on MEXC, if a user engages in any of the abnormal trading behaviors listed above, MEXC may, without prior notice, take the following measures against the account:</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">1) Require the user to provide a report on their trading activity.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">2) Restrict, suspend, or terminate the user’s access to the </span></span><a href="https://www.mexc.com/"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">MEXC website</span></span></a><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">3) Restrict opening new positions, impose deadlines for position closures, or enforce liquidation.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">4) Restrict deposits and withdrawals for the account.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">5) Close the account and confiscate any remaining assets.</span></span></div><div style="text-align:left"><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">6) Take any other measures permitted under the exchange's business rules.</span></span></div><div> </div><h2><span style="font-family:'arial' , 'helvetica' , sans-serif"><strong style="font-weight:bolder">4. Disclaimer of Liability</strong></span></h2><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">Users participating in trading on MEXC must comply with applicable laws, regulations, and the business rules of the exchange, and are subject to MEXC's oversight and monitoring of the legitimacy of their trading activities. Users are expected to regulate their own trading behavior accordingly.</span></span></div><div> </div><div><span style="font-size:16px"><span style="font-family:'arial' , 'helvetica' , sans-serif">MEXC reserves the right to pursue any fair and legally permissible remedies in response to abnormal trading behavior, including but not limited to restricting all trading activities of abnormal trading accounts. MEXC shall bear no liability for any economic losses arising from suspected violations of these rules.</span></span></div><div> </div></div>
<p><strong>Dear Users: </strong></p> <p> </p> <p>The contract referral commission feature has launched. Users who invite friends to trade perpetual contracts on MEXC can enjoy up to 30% referral commission rate with a valid period of 1080 days. The specific information rate is related to the inviter's MX token position. The details are shown below:</p> <p>1. 0 < MX token position < 10,000: Commission rate: 10%</p> <p>2. 10,000 ≤ MX token position < 100,000: Commission rate: 20%</p> <p>3. MX token position ≥ 100,000: Commission rate: 30%</p> <p> </p> <p>Kindly contact customer service (<a href="https://t.me/mexcdm4" target="_self" rel="noopener noreferrer">@mexcdm4</a>) on Telegram for more details.</p> <p> </p> <p><strong>Note:</strong></p> <p>1. Though it shows [Spot Commission] on APP, it actually includes the spot and leveraged ETF commission as the APP hasn't been updated in time.</p> <p>2. The rules displayed on APP is not updated yet until the release of the next-version APP. But rules in the announcement prevails.</p> <p>3. MEXC reserves the right to adjust the referral commission rate and period based on the demand of market operation.</p> <p> </p> <p><strong>Find us on:</strong></p> <p>Telegram: <a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a></p> <p>MEXC Trading: <a href="https://t.me/MEXCTradeofficial">https://t.me/MEXCTradeofficial</a></p> <p>Twitter: <a href="https://twitter.com/MEXC_Global">https://twitter.com/MEXC_Global</a></p> <p><a href="https://twitter.com/MEXC_Fans">https://twitter.com/MEXC_Fans</a></p> <p>Facebook: <a href="https://www.facebook.com/mexcglobal">https://www.facebook.com/mexcglobal</a></p> <p>Discord: <a href="https://discord.gg/zu5drS8">https://discord.gg/zu5drS8</a></p> <p> </p> <p>Register an account of MEXC here:</p> <p><a href="https://www.mexc.com/auth/signup?inviteCode=12wvM">https://www.mexc.com/auth/signup?inviteCode=12wvM</a></p> <p> </p> <p>Enjoy trading on MEXC.</p> <p>The MEXC Team</p> <p>July 7, 2020</p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p> <p> </p>
<p><strong>Dear Users,</strong></p> <p><span style="font-weight:400">MEXC will launch the Assessment Zone on the MEXC website at 12:00 on June 30, 2020 (UTC). Projects in the Assessment Zone are usually non-initial listing, some of which are in an early stage with a certain user base, and recommended by community users for listing. <br />The assessment period in the Assessment Zone is limited to 60 days. Users can renew the project by voting with MX. Project tokens will be automatically hidden or removed after expiration without further notice. <br />During the assessment period, projects with smooth development and a certain level of transactions and activity can be transferred to the Innovation Zone for free. After a period of assessment in the Innovation Zone, projects can then be transferred to the Main Zone for free. </span></p> <p><strong>The specific rules are as follows:</strong></p> <ul><li> <span style="font-weight:400">Projects in the Assessment Zone are only available within the validity period. The trading market in the Assessment Zone has a clear countdown reminder. The initial duration of the listed projects is 60 days. The countdown will start upon the listing. After the countdown of 30 days, the MX voting will be opened for renewing the project. The specific rules will be notified in a separate announcement</span><span style="font-weight:400">.</span> </li><li><span style="font-weight:400">Some projects in the early stage still need the test of time and market, and their prices fluctuate greatly. Users are advised to trade cautiously, paying attention to the potential hidden/delisting risks.</span></li><li><span style="font-weight:400">Projects in the Assessment Zone or transferred from the Assessment Zone do not participate in the preferential policies for trading fees such as MX deduction.</span></li><li><span style="font-weight:400">In order to create a healthy digital asset environment and provide users with a better trading experience, the MEXC audit team will conduct comprehensive market monitoring and progress tracking of projects in the Assessment Zone. If the project triggers the hiding or delisting rule, MEXC will execute the hiding or delisting process in advance.</span></li></ul> <div class="article-content"> <div class="article-body"> <p>Thanks for your support!<strong><br /><br />Risk Warning</strong></p> <p>Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make its best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent, and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.</p> <p> </p> <p><strong>Find us on</strong></p> <p>Telegram:<a href="https://t.me/MEXCEnglish"> https://t.me/MEXCEnglish</a></p> <p>MEXC ETF:<a href="https://t.me/MEXCETFCommunity"> https://t.me/MEXCETFCommunity</a></p> <p>MEXC Futures:<a href="https://t.me/MEXCFutures"> https://t.me/MEXCFutures</a></p> <p>Twitter:<a href="https://twitter.com/MEXC_Global"> https://twitter.com/MEXC_Global</a></p> <p>Facebook:<a href="https://www.facebook.com/mexcglobal"> https://www.facebook.com/mexcglobal</a></p> <p>Instagram:<a href="https://www.instagram.com/mexcglobal/"> https://www.instagram.com/mexcglobal/</a></p> <p>Medium:<a href="https://medium.com/mexcglobal"> https://medium.com/mexcglobal</a></p> <p>Discord:<a href="https://discord.gg/agZNfksc2T"> https://discord.gg/agZNfksc2T</a></p> <p>Blog: <a href="https://blog.mexc.com/">https://blog.mexc.com/</a></p> <p> </p> <p>Buy USDT Instantly here:<a href="https://otc.mexc.com/"> https://otc.mexc.com/</a></p> <p>Create your own referral link today and start inviting friends to enjoy great rebates:</p> <p><a href="https://www.mexc.com/invite">https://www.mexc.com/invite</a></p> <p> </p> <p>Enjoy trading on MEXC.</p> <p>The MEXC Team</p> <p>30 June 2020</p> </div> <div class="article-attachments"> </div> </div> <div class="article-footer"> <div class="article-share"> </div> </div> <p> </p>
<p>Dear users,</p> <p>To improve the trading experience, MEXC has made market orders available for the following trading pairs (only on the web): BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, LTC/USDT, TRX/USDT, XRP/USDT, DOGE/USDT, and VET/USDT.</p> <p> </p> <p><strong>Please Note:</strong></p> <ul><li>Market orders are executed at the current optimal market price as quickly as possible when you place the order. </li><li>If the value of a single market order is too large, there will be a situation in which the unfilled part will be canceled. </li><li>Please make sufficient risk assessments and place your market orders cautiously as such orders are always executed regardless of the cost in the trading market.</li></ul> <p><strong>Risk Warning</strong></p> <p>Cryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC will make best efforts to choose high-quality tokens, but will not be responsible for your investment losses. As a digital asset trading platform that respects the community, MEXC adheres to the principle of truthful, transparent, and fair trading, with no malicious intent. We are committed to providing users with a service that is safer, more efficient, and more reliable for the trading of digital assets.</p> <p> </p> <p><strong>Find us on:</strong></p> <p>Medium: <a href="https://medium.com/mexcglobal">https://medium.com/mexcglobal</a></p> <p>Telegram: <a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a></p> <p>MEXC trading: <a href="https://t.me/MEXCTradeofficial">https://t.me/MEXCTradeofficial</a></p> <p>Twitter: <a href="https://twitter.com/MEXC_Global">https://twitter.com/MEXC_Global</a></p> <p><a href="https://twitter.com/MEXC_Fans">https://twitter.com/MEXC_Fans</a></p> <p>Facebook: <a href="https://www.facebook.com/mexcglobal">https://www.facebook.com/mexcglobal</a></p> <p>Discord: <a href="https://discord.gg/zu5drS8">https://discord.gg/zu5drS8</a></p> <p>Instagram: <a href="https://www.instagram.com/mexcglobal/">https://www.instagram.com/mexcglobal/</a></p> <p> </p> <p>Refer a friend to enjoy a high rebate; create your personalized invitation link today: <a href="https://www.mexc.com/invite">https://www.MEXC.com/invite</a> </p> <p>Buy USDT Instantly here: <a href="https://otc.mexc.com/">https://otc.mexc.com/</a></p> <p> </p> <p>Enjoy trading on MEXC.</p> <p>The MEXC team</p> <p>19 June 2022</p>
<p><span style="font-weight: 400;">MEXC offers two kinds of contracts: USDT-M and COIN-M contracts. The USDT-M contract is quoted in USDT and settled in USDT while the COIN-M contract is quoted in USDT and settled in BTC. The principle of calculation is similar but there are some slight differences. Please note that during the calculation, trading fee and other complex components will not be taken into account. The aim is to explain how margin is calculated to users.</span></p> <p> </p> <ol> <li><strong> Margins Explained</strong></li> </ol> <p><span style="font-weight: 400;">All MEXC perpetual contracts require a certain amount of margin to open a position.</span></p> <p><span style="font-weight: 400;">Successful margin trading requires an understanding of the following concepts:</span></p> <p><strong>Starting Margin</strong><span style="font-weight: 400;">: This minimum margin required to open a position. Your starting margin is dependent on margin rate requirements.</span></p> <p><strong>Maintenance Margin</strong><span style="font-weight: 400;">: The minimum margin requirement for maintaining a position below which additional funds will have to be deposited or forced liquidation may occur.</span></p> <p><strong>Opening Cost</strong><span style="font-weight: 400;">: The total amount of funds required to open a position, including the initial margin for opening a position and transaction fees.</span></p> <p> </p> <ol start="2"> <li><strong> Margin calculation</strong></li> </ol> <p><span style="font-weight: 400;">In perpetual contracts, the order cost is the margin required to open a position. The actual cost is determined by whether the order is executed by a maker or taker because varying fees apply.</span></p> <p><em><span style="font-weight: 400;">COIN-M contract: Order cost (margin) = number of open positions * futures size / (leverage multiplier * avg. entry price)</span></em></p> <p><em><span style="font-weight: 400;">USDT-M contract: Order cost (margin) = avg. entry price * number of open positions * futures size / leverage multiplier</span></em></p> <p> </p> <p><span style="font-weight: 400;">Examples:</span></p> <p><strong>COIN-M Contracts</strong></p> <p><span style="font-weight: 400;">If a trader wants to purchase 100 BTC/USDT perpetual contracts at the price of 7,000USD with a leverage multiplier of 25, and the value of each contract is 100 USD, then the margin required = 100x100 / (7000x25 ) = 0.0571BTC.</span></p> <p> </p> <p><strong>USDT-M Contracts</strong></p> <p><span style="font-weight: 400;">If a trader wants to purchase 10,000 BTC/USDT perpetual contracts at the price of 7,000USDT with leverage multiplier of 25, and the value of each contract is 0.0001BTC, then the margin required = 10000x0.0001x7000/25 = 280 USDT.</span></p> <p> </p> <ol start="3"> <li><strong> PNL Calculation</strong></li> </ol> <p><span style="font-weight: 400;">PNL calculation includes fee income or expenditure, funding fee income or expenditure, and PNL upon closing a position.</span></p> <p><strong>Fee</strong></p> <p><span style="font-weight: 400;">The expenditure of the taker = Position value * Taker fee </span></p> <p><span style="font-weight: 400;">The expenditure of the maker = Position value * Maker fee</span></p> <p><strong>Funding fee</strong></p> <p><span style="font-weight: 400;">According to the negative or positive funding fee rate and the long or short position held, the trader will pay or receive funding fee.</span></p> <p><span style="font-weight: 400;">Funding fee = funding fee rate * position value</span></p> <p><span style="font-weight: 400;">Note: The position value is calculated from the fair price when the funding fee rate is settled.</span></p> <p><strong>Closing PNL:</strong></p> <p><em><span style="font-weight: 400;">USDT-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (exit price - avg. entry price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (avg. entry price - exit price) * number of holding positions * futures size</span></p> <p><em><span style="font-weight: 400;">COIN-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (1/avg. entry price - 1/avg. exit price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (1/avg. exit price - 1/avg. entry price) * number of holding positions * futures size</span></p> <p><strong>Floating PNL</strong></p> <p><em><span style="font-weight: 400;">USDT-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (fair price - avg. entry price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (avg. entry price - fair price) * number of holding positions * futures size</span></p> <p><em><span style="font-weight: 400;">COIN-M Contract</span></em></p> <p><span style="font-weight: 400;">Long position = (1/avg. entry price - 1/fair price) * number of holding positions * futures size</span></p> <p><span style="font-weight: 400;">Short position = (1/fair price - 1/avg. entry price) * number of holding positions * futures size</span></p> <p> </p> <p><span style="font-weight: 400;">For example, a trader purchases 10,000 cont. long for BTC/USDT perpetual contract at the price of 7,000USDT as a taker. If the taker fee is 0.06%, the maker fee is 0.02%, the funding fee rate is -0.025%, and the current fair price is 7000USDT, then the trader shall pay a taker fee of:</span></p> <p><span style="font-weight: 400;">7000*10000*0.0001*0.06% = 4.2USDT</span></p> <p><span style="font-weight: 400;">and the trader pays a funding fee of:</span></p> <p><span style="font-weight: 400;">7000*10000*0.0001*-0.025% = -1.75USDT</span></p> <p><span style="font-weight: 400;">In this situation, the negative value means that the trader receives the funding fee instead.</span></p> <p> </p> <p><span style="font-weight: 400;">When said trader closes 10,000 cont. BTC/USDT perpetual contract at 8,000USDT, then the closing PNL is:</span></p> <p><span style="font-weight: 400;">(8000-7000) *10000*0.0001 = 1000 USDT</span></p> <p><span style="font-weight: 400;">And the closing fee can be calculated as follows:</span></p> <p><span style="font-weight: 400;">8000*10000*0.0001*0.02% = 1.6 USDT</span></p> <p><span style="font-weight: 400;">Hence, the realized PNL of the trader = 1000+1.75-4.2-1.6 = 995.95 USDT</span></p>
<ol><li><span style="font-weight:400"> What are perpetual futures?</span></li></ol> <p><span style="font-weight:400">A perpetual futures contract is a cryptocurrency derivative similar to leveraged spot trading. Users can choose to buy long or sell short by predicting the change in price and gain from it. Unlike the traditional futures contract, perpetual futures contracts do not have settlement dates, and the index price is anchored by the funding rate. For more information, please refer to the introduction to perpetual futures.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> What is a mark price?</span></li></ol> <p><span style="font-weight:400">The fair price refers to the marked price. It is used to calculate the unrealized PNL and liquidation price in futures trading. Fair price reflects the most reasonable price in the market.</span></p> <p><span style="font-weight:400">For more information, refer to >> <a href="https://mexc.zendesk.com/hc/en-001/articles/360044199872" rel="nofollow">Fair Price</a></span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> What is the maximum leverage multiplier in MEXC Futures?</span></li></ol> <p><span style="font-weight:400">MEXC Futures supports 1-200x freely adjustable leverage, and the leverage multiplier varies by product. </span></p> <p> <br /></p> <p><span style="font-weight:400">*MEXC Futures now supports up to 200x leverage.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How much are futures trading fees?</span></li></ol> <p><span style="font-weight:400">To encourage regular users and traders to instill liquidity into the market, the trading fees for regular users are 0.01% for Maker and 0.05% for Taker.</span><span style="font-weight:400"><br /></span></p> <ol><li><span style="font-weight:400"> How do I check the futures funding rate?</span></li></ol> <p><span style="font-weight:400">Traders can see the current market funding rate in the “Funding Rate” section in the header of the chart.</span></p> <p><span style="font-weight:400">For past funding rates, please check the funding rate history.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How to calculate futures PNL?</span></li></ol> <p> <br /></p> <p><span style="font-weight:400">Closing PNL:</span></p> <p><span style="font-weight:400">USDT-M Futures</span></p> <p><span style="font-weight:400">Long Position = (Exit Price - Average Entry Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (Average Entry Price - Exit price) * Number of Positions * Futures Size;</span></p> <p> <br /></p> <p><span style="font-weight:400">Coin-M Futures</span></p> <p><span style="font-weight:400">Long Position = (1 / Average Entry Price - 1 / Average Exit Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (1 / Average Exit Price - 1 / Average Entry Price) * Number of Positions * Futures Size.</span></p> <p> <br /></p> <p><span style="font-weight:400">Floating PNL:</span></p> <p><span style="font-weight:400">USDT-M Futures</span></p> <p><span style="font-weight:400">Long Position = (Fair Price - Average Entry Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (Average Entry Price - Fair Price) * Number of Positions * Futures Size;</span></p> <p> <br /></p> <p><span style="font-weight:400">Coin-M Futures</span></p> <p><span style="font-weight:400">Long Position = (1 / Average Entry Price - 1 / Fair Price) * Number of Positions * Futures Size;</span></p> <p><span style="font-weight:400">Short Position = (1 / Fair Price - 1 / Average Entry Price) * Number of Positions * Futures Size.</span></p> <p> <br /></p> <ol><li><span style="font-weight:400"> How to calculate liquidation price?</span></li></ol> <p><span style="font-weight:400">Liquidation Condition: If Position Margin + Floating PNL <= Maintenance Margin, liquidation will occur.</span></p> <p><span style="font-weight:400">Long Position: Liquidation Price = (Maintenance Margin - Position Margin + Average Entry Price x Quantity x Futures Size) / (Quantity x Futures Size);</span></p> <p><span style="font-weight:400">Short Position: Liquidation Price = (Average Entry Price x Quantity x Futures Size - Maintenance Margin + Position Margin) / (Quantity x Face Value).</span></p> <p><span style="font-weight:400">For more details, please refer to >>> Liquidation & Risk Limits </span></p> <p> <br /></p> <p> <br /></p> <p><span style="font-weight:400">These rules form part of the Platform User Agreement and carry the same legal effect as the User Agreement.</span></p> <p> <br /></p> <p> <br /></p>
<p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Why is Fair Price Used for Calculating PNL and Liquidation Price?</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">To enhance the stability of the futures market and reduce unnecessary forced liquidations during abnormal market fluctuations, MEXC uses a uniquely designed fair price marking system for perpetual futures. Without this system, market manipulation or lack of liquidity could lead to deviations between the intraday price and the price index, resulting in unnecessary forced liquidations.</span></strong></p><p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Price Marking Mechanism</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Please note that this price only affects the liquidation price and unrealized PNL. It does not have an impact on realized PNL.</span></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Note: This means that after your order is filled, you may immediately see positive or negative unrealized PNL. This occurence is due to the slight deviations between the fair price and the filled price. It is a normal occurrence and does not imply that you have lost funds. However, it is essential to monitor your liquidation price to prevent premature forced liquidation.</span></strong></p><p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /></strong></p><p style="line-height:1.62;margin-top:3pt;margin-bottom:3pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:12pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">The calculation method for the fair price of perpetual futures is as follows:</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:700;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Price Calculation Formula = Median (Funding Rate Premium, Fair Mid-price of Basis, Last Price)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Funding Rate Premium = Index Price * (1 + Latest</span><a href="https://futures.mexc.com/information/funding_list?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Funding Rate</span></a><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline"> * (Hours Until Next Funding Rate Settlement / Hours in Funding Rate Settlement Cycle))</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Fair Mid-price of Basis =</span><a href="https://futures.mexc.com/information/index_price?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#1155cc;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Index Price</span></a><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline"> + Moving Average of Basis (Specified Cycle)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Moving Average of Basis (Specified Cycle) = MA ((Best Bid Price + Best Ask Price) / 2 - Index Price)</span></strong></p><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">Last price refers to the latest traded price of the futures pair, updated in real-time.</span></strong></p><strong style="font-weight:normal" id="docs-internal-guid-cd7f4f2f-7fff-7c65-860b-a4e9d6a033e1"><br /><p style="line-height:1.62;margin-top:5pt;margin-bottom:5pt"><span style="font-size:11.5pt;font-family:'arial' , sans-serif;color:#000000;background-color:transparent;font-weight:400;font-style:normal;font-variant:normal;text-decoration:none;vertical-align:baseline">The fair price allows for a better estimation of the "true" value of the futures pair. For MEXC perpetual futures, the fair price is used to prevent unnecessary liquidations and deter market manipulation.</span></p></strong><p></p><p></p><p><br /></p><br class="Apple-interchange-newline" />