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Announcement on the Launch of Assessment Zone

2020-06-30

#Spot

Dear Users, 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. 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. 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. The specific rules are as follows: <ul><li> 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. </li><li>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.</li><li>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.</li><li>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.</li></ul> <div class="article-content"> <div class="article-body"> Thanks for your support! Risk Warning 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. Find us on Telegram:<a href="https://t.me/MEXCEnglish"> https://t.me/MEXCEnglish</a> MEXC ETF:<a href="https://t.me/MEXCETFCommunity"> https://t.me/MEXCETFCommunity</a> MEXC Futures:<a href="https://t.me/MEXCFutures"> https://t.me/MEXCFutures</a> Twitter:<a href="https://twitter.com/MEXC_Global"> https://twitter.com/MEXC_Global</a> Facebook:<a href="https://www.facebook.com/mexcglobal"> https://www.facebook.com/mexcglobal</a> Instagram:<a href="https://www.instagram.com/mexcglobal/"> https://www.instagram.com/mexcglobal/</a> Medium:<a href="https://medium.com/mexcglobal"> https://medium.com/mexcglobal</a> Discord:<a href="https://discord.gg/agZNfksc2T"> https://discord.gg/agZNfksc2T</a> Blog: <a href="https://blog.mexc.com/">https://blog.mexc.com/</a> Buy USDT Instantly here:<a href="https://otc.mexc.com/"> https://otc.mexc.com/</a> Create your own referral link today and start inviting friends to enjoy great rebates: <a href="https://www.mexc.com/invite">https://www.mexc.com/invite</a> Enjoy trading on MEXC. The MEXC Team 30 June 2020 </div> <div class="article-attachments"> </div> </div> <div class="article-footer"> <div class="article-share"> </div> </div>

Market Orders Now Available for Major Trading Pairs on MEXC (Web)

2020-06-19

#Spot

Dear users, 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. Please Note: <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> Risk Warning 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. Find us on: Medium: <a href="https://medium.com/mexcglobal">https://medium.com/mexcglobal</a> Telegram: <a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a> MEXC trading: <a href="https://t.me/MEXCTradeofficial">https://t.me/MEXCTradeofficial</a> Twitter: <a href="https://twitter.com/MEXC_Global">https://twitter.com/MEXC_Global</a> <a href="https://twitter.com/MEXC_Fans">https://twitter.com/MEXC_Fans</a> Facebook: <a href="https://www.facebook.com/mexcglobal">https://www.facebook.com/mexcglobal</a> Discord: <a href="https://discord.gg/zu5drS8">https://discord.gg/zu5drS8</a> Instagram: <a href="https://www.instagram.com/mexcglobal/">https://www.instagram.com/mexcglobal/</a> 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> Buy USDT Instantly here: <a href="https://otc.mexc.com/">https://otc.mexc.com/</a> Enjoy trading on MEXC. The MEXC team 19 June 2022

Margins & PNL Calculations

2020-06-09

#FAQ#Trading Fee

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. <ol> <li> Margins Explained</li> </ol> All MEXC perpetual contracts require a certain amount of margin to open a position. Successful margin trading requires an understanding of the following concepts: Starting Margin: This minimum margin required to open a position. Your starting margin is dependent on margin rate requirements. Maintenance Margin: The minimum margin requirement for maintaining a position below which additional funds will have to be deposited or forced liquidation may occur. Opening Cost: The total amount of funds required to open a position, including the initial margin for opening a position and transaction fees. <ol start="2"> <li> Margin calculation</li> </ol> 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. COIN-M contract: Order cost (margin) = number of open positions * futures size / (leverage multiplier * avg. entry price) USDT-M contract: Order cost (margin) = avg. entry price * number of open positions * futures size / leverage multiplier Examples: COIN-M Contracts 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. USDT-M Contracts 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. <ol start="3"> <li> PNL Calculation</li> </ol> PNL calculation includes fee income or expenditure, funding fee income or expenditure, and PNL upon closing a position. Fee The expenditure of the taker = Position value * Taker fee The expenditure of the maker = Position value * Maker fee Funding fee According to the negative or positive funding fee rate and the long or short position held, the trader will pay or receive funding fee. Funding fee = funding fee rate * position value Note: The position value is calculated from the fair price when the funding fee rate is settled. Closing PNL: USDT-M Contract Long position = (exit price - avg. entry price) * number of holding positions * futures size Short position = (avg. entry price - exit price) * number of holding positions * futures size COIN-M Contract Long position = (1/avg. entry price - 1/avg. exit price) * number of holding positions * futures size Short position = (1/avg. exit price - 1/avg. entry price) * number of holding positions * futures size Floating PNL USDT-M Contract Long position = (fair price - avg. entry price) * number of holding positions * futures size Short position = (avg. entry price - fair price) * number of holding positions * futures size COIN-M Contract Long position = (1/avg. entry price - 1/fair price) * number of holding positions * futures size Short position = (1/fair price - 1/avg. entry price) * number of holding positions * futures size 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: 7000*10000*0.0001*0.06% = 4.2USDT and the trader pays a funding fee of: 7000*10000*0.0001*-0.025% = -1.75USDT In this situation, the negative value means that the trader receives the funding fee instead. When said trader closes 10,000 cont. BTC/USDT perpetual contract at 8,000USDT, then the closing PNL is: (8000-7000) *10000*0.0001 = 1000 USDT And the closing fee can be calculated as follows: 8000*10000*0.0001*0.02% = 1.6 USDT Hence, the realized PNL of the trader = 1000+1.75-4.2-1.6 = 995.95 USDT

Common Q&As

2020-06-08

#FAQ

<ol><li> What are perpetual futures?</li></ol> 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. <ol><li> What is a mark price?</li></ol> 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. For more information, refer to >> <a href="https://mexc.zendesk.com/hc/en-001/articles/360044199872" rel="nofollow">Fair Price</a> <ol><li> What is the maximum leverage multiplier in MEXC Futures?</li></ol> MEXC Futures supports 1-200x freely adjustable leverage, and the leverage multiplier varies by product. *MEXC Futures now supports up to 200x leverage. <ol><li> How much are futures trading fees?</li></ol> 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. <ol><li> How do I check the futures funding rate?</li></ol> Traders can see the current market funding rate in the “Funding Rate” section in the header of the chart. For past funding rates, please check the funding rate history. <ol><li> How to calculate futures PNL?</li></ol> Closing PNL: USDT-M Futures Long Position = (Exit Price - Average Entry Price) * Number of Positions * Futures Size; Short Position = (Average Entry Price - Exit price) * Number of Positions * Futures Size; Coin-M Futures Long Position = (1 / Average Entry Price - 1 / Average Exit Price) * Number of Positions * Futures Size; Short Position = (1 / Average Exit Price - 1 / Average Entry Price) * Number of Positions * Futures Size. Floating PNL: USDT-M Futures Long Position = (Fair Price - Average Entry Price) * Number of Positions * Futures Size; Short Position = (Average Entry Price - Fair Price) * Number of Positions * Futures Size; Coin-M Futures Long Position = (1 / Average Entry Price - 1 / Fair Price) * Number of Positions * Futures Size; Short Position = (1 / Fair Price - 1 / Average Entry Price) * Number of Positions * Futures Size. <ol><li> How to calculate liquidation price?</li></ol> Liquidation Condition: If Position Margin + Floating PNL <= Maintenance Margin, liquidation will occur. Long Position: Liquidation Price = (Maintenance Margin - Position Margin + Average Entry Price x Quantity x Futures Size) / (Quantity x Futures Size); Short Position: Liquidation Price = (Average Entry Price x Quantity x Futures Size - Maintenance Margin + Position Margin) / (Quantity x Face Value). For more details, please refer to >>> Liquidation & Risk Limits These rules form part of the Platform User Agreement and carry the same legal effect as the User Agreement.

Fair Price

2020-06-08

#FAQ#Beginner's Guide

Why is Fair Price Used for Calculating PNL and Liquidation Price?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. Fair Price Marking MechanismPlease note that this price only affects the liquidation price and unrealized PNL. It does not have an impact on realized PNL.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. The calculation method for the fair price of perpetual futures is as follows:Fair Price Calculation Formula = Median (Funding Rate Premium, Fair Mid-price of Basis, Last Price)Funding Rate Premium = Index Price * (1 + Latest<a href="https://futures.mexc.com/information/funding_list?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none">Funding Rate</a> * (Hours Until Next Funding Rate Settlement / Hours in Funding Rate Settlement Cycle))Fair Mid-price of Basis =<a href="https://futures.mexc.com/information/index_price?symbol=BTC_USDT&type=linear_swap" style="text-decoration:none">Index Price</a> + Moving Average of Basis (Specified Cycle)Moving Average of Basis (Specified Cycle) = MA ((Best Bid Price + Best Ask Price) / 2 - Index Price)Last price refers to the latest traded price of the futures pair, updated in real-time. 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.