<ol> <li><strong> Position Modes</strong></li> </ol> <p><br><br></p> <p><strong>(1) Hedge Mode</strong></p> <p><span style="font-weight: 400;">In hedge mode, users must specify whether to open or close a position when placing an order. Users can hold positions in both long and short directions at the same time under the same futures, and the leverages for the long/short positions are independent. </span></p> <p><span style="font-weight: 400;">In each futures, all long positions are combined, and all short positions are combined. When holding positions in both long and short directions, the positions need to occupy the corresponding margin according to the risk limit level.</span></p> <p> </p> <p><span style="font-weight: 400;">For example, in BTCUSDT futures, users can open a long position with 200x leverage and a short position with 200x leverage at the same time.</span></p> <p> </p> <p><strong>(2) One-Way Mode</strong></p> <p><span style="font-weight: 400;">In one-way mode, users do not need to specify whether to open or close a position when placing an order, but only need to specify whether they are buying or selling. Also, users can only hold positions in one direction under each futures at all times. When holding a long position, the sell order will be closed once it is filled, and when the number of filled sell orders exceeds the number of long positions, a short position will be opened in reverse.</span></p> <p><br><br></p> <ol start="2"> <li><strong> Margin Modes</strong></li> </ol> <p> </p> <p><strong>(1) Isolated Margin Mode</strong></p> <p><br><br></p> <p><span style="font-weight: 400;">The maximum loss of an isolated position is limited to the initial margin and additional position margin used by the isolated position. In the event of liquidation of the position, the user will only lose the margin of the isolated position, and the available balance of the account will not be used as additional margin. By isolating the margin used on a position, you can limit losses on that position to its initial margin amount, which is helpful if your short-term speculative trading strategy fails.</span></p> <p><span style="font-weight: 400;">Users can manually add margin to isolated positions to optimize the liquidation price.</span></p> <p> </p> <p><strong>(2) Cross Margin Mode</strong></p> <p> </p> <p><span style="font-weight: 400;">Cross margin mode refers to using all the available balance of the account as a margin to guarantee all cross positions and prevent liquidation. In this margin mode, when the net asset value is insufficient to meet the maintenance margin requirement, liquidation will be triggered. If the cross position is liquidated, the user will lose all assets in the account except the margin of other isolated positions.</span></p> <p> </p> <ol start="3"> <li><strong> Modify Leverage</strong></li> </ol> <p><span style="font-weight: 400;">At present, hedge mode allows users to use different leverage multipliers for their positions in long and short directions. Any leverage multiplier can be modified within the allowed range of the futures leverage multiplier. It also allows switching of margin mode, e.g. switching from isolated mode to cross margin mode. Please note that at present, if the user has a position in cross margin mode, it cannot be switched to isolated margin mode.</span></p>
<p><span style="font-weight: 400;">When a trader’s position is liquidated, the position is taken over by MEXC's perpetual contract liquidation system. If the liquidation cannot be filled by the time the fair price reaches the bankruptcy price, the ADL system will automatically deleverage the positions of traders with reverse positions. The order of deleveraging is based on leverage and profit ratio.</span></p> <p> </p> <p><span style="font-weight: 400;">Automatic Deleveraging Ranking System:</span></p> <p><span style="font-weight: 400;">(1)Deleveraging Process</span></p> <p><span style="font-weight: 400;">The trader’s positions are liquidated based on the bankruptcy price of the positions. If the insurance fund is still not enough, automatic deleveraging will be triggered.</span></p> <p><span style="font-weight: 400;">The effective leveraging PNL ranking is calculated by the counterparty based on profits and effective leverage. Traders who trade aggressively and earn the most profits will be marked with ADL sequence priority. Automatic deleveraging at bankruptcy prices of ADL executed parties with the top traders in terms of effective leverage PNL.</span></p> <p> </p> <p><span style="font-weight: 400;">Automatic Deleveraging Ranking Calculation:</span></p> <p><span style="font-weight: 400;">Ranking = PNL Percentage * Effective Leverage (if profitable)</span></p> <p><span style="font-weight: 400;"> = PNL Percentage / Effective Leverage (if loss)</span></p> <p><span style="font-weight: 400;">where</span></p> <p><span style="font-weight: 400;"> Effective Leverage = abs(Mark Value) / (Mark Value - Bankruptcy Value)</span></p> <p><span style="font-weight: 400;"> PNL percentage = (Mark Value - Avg Entry Value) / abs(Avg Entry Value)</span></p> <p><span style="font-weight: 400;"> Mark Value = Position Value at Mark Price</span></p> <p><span style="font-weight: 400;"> Bankruptcy Value = Position Value at Bankruptcy Price</span></p> <p><span style="font-weight: 400;"> Avg Entry Value = Position Value at Average Entry Price</span></p> <p> </p> <p><span style="font-weight: 400;">The system will sort these positions from highest to lowest.</span></p> <p><audio style="display: none;" controls="controls"></audio></p>
<p><br />Sometimes, MEXC APP (IOS) may go wrong and become unavailable. How to solve such a problem? MEXC recommend users to download the MEXC APP through TestFlight.<br /><br /><i><strong style="font-weight:bolder">Hint:</strong> Please uninstall your MEXC APP before download.</i><br /><br /><strong style="font-weight:bolder">Step 1: </strong>Copy the link below and open it via “Safari”.</p><ul style="list-style-type:disc"><li> https://m.mexc.la/mobileApp/testflight</li><li> https://apple.itunesdeveloper.com/index.php/Download/testflight.html?code=ni5sc</li></ul><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230711794cPirwd4PIVNxgQ.png" alt="mceclip0.png" width="353" height="85" style="max-width:100%;height:auto" /></p><p><strong style="font-weight:bolder">Step 2:</strong> Click “View in APP Store” and download “TestFlight”.<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230713289UABpHqte4EZIgP.png" alt="1.png" width="240" height="404" style="max-width:100%;height:auto" /><br /></p><p><strong style="font-weight:bolder">Step 3: </strong>Click “Open” and “Continue”.<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230714765pUPsjgndDRiFRi.png" alt="2.png" width="224" height="397" style="max-width:100%;height:auto" /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230716298RIfUYTFoSxjxre.png" alt="3.png" width="247" height="392" style="max-width:100%;height:auto" /></p><p><strong style="font-weight:bolder">Step 4: </strong>The page will skip to TestFlight automatically, and then click “INSTALL”.<br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230717690WhoXoz5o6Y7I6C.png" alt="4.png" width="374" height="119" style="max-width:100%;height:auto" /></p><p><strong style="font-weight:bolder">Step 5: </strong>Click “Next Step” & “Start Testing” & “Agree” button. <br /><br /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230719099KezUEDRKaEjvCv.png" alt="5.png" width="280" height="443" style="max-width:100%;height:auto" /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230720486C4n0wx8PW2kFyq.png" alt="6.png" width="290" height="457" style="max-width:100%;height:auto" /> </p><p><br />Congratulations, you have installed MEXC App successfully ! </p><p><i><strong style="font-weight:bolder">Hint:</strong></i></p><p>1. Updating: If there is any new version, you can update it directly through TestFlight.</p><p>2. In case of failure of the new version, you are able to switch to the old version.</p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230721849hcdzj2TejWIU9q.png" alt="mceclip4.png" style="max-width:100%;height:auto" /></p><p><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230723225rx2OxXSsYBU2DL.png" alt="mceclip6.png" style="max-width:100%;height:auto" /></p><p> </p><div id="gtx-trans"><div> </div></div>