Annunci MEXC

Tutti

Esclusiva MX

Ultimi eventi

Nuovi listing

Distribuzione dei premi

Delisting

MEXC News

MEXC Digest

Aggiornamenti sulla manutenzione

Aggiornamenti API

Aggiornamenti sul trading

Aggiornamenti sui prodotti

Assistenza e domande frequenti

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

19 giugno 2020

#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

9 giugno 2020

#FAQ

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

8 giugno 2020

#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

8 giugno 2020

#FAQ#Guida per principianti

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.

Types of Order on MEXC Futures

8 giugno 2020

#FAQ#Guida per principianti#Futures

Limit Order Limit orders allow the trader to set a specific buying or selling price, and the order will be filled at the order price or at a price more favorable than the order price. When a limit order is submitted, if there is no order of which price is more favorable than or equal to the order price available for matching in the order book, the limit order will enter the order book to be filled, increasing the market depth. After the order is filled, the trader will be charged according to the more favorable maker fee. When a limit order is submitted, if an order of which price is more favorable than or equal to the order price is already available for matching in the order book, the limit order will be immediately filled at the current best available price. Because of the liquidity consumed during the order execution, a certain trading fee will be charged as the Taker fee expense. In addition, limit orders can also be used to partially or fully close a take profit limit order. The advantage of a limit order is that it is guaranteed to be filled at the specified price, but there also exists a risk that the order will not be filled. When using a limit order, the user can also switch the effective time type of the order according to their trading needs, and the default is GTC: - GTC (Good ‘Til Canceled Order): This type of order will remain valid until it is fully filled or canceled. - IOC (Immediate or Cancel Order): If this type of order cannot be filled immediately at the specified price, the unfilled part will be canceled. - FOK (Fill or Kill Order): This type of order will be canceled immediately if all orders cannot be filled. Market Order The market order will be filled at the best price available in the order book at the time. The order can be quickly filled without having the trader set the price. The market order guarantees the execution of orders but not the execution price, as it may fluctuate depending on market conditions. Market orders are typically used when a trader needs to make a quick entry to capture a market trend. Trigger Limit Order If the trigger price is set, when the benchmark price (market price, index price, fair price) selected by the user reaches the trigger price, it will be triggered, and a limit order will be placed at the order price and quantity set by the user. Stop Market Order If the trigger price is set, when the benchmark price (market price, index price, fair price) selected by the user reaches the trigger price, it will be triggered, and a market order will be placed with the quantity set by the user. Note: The user's funds or positions will not be locked when setting the trigger. The trigger may fail due to high market volatility, price restrictions, position limits, insufficient collateral assets, insufficient closeable volume, futures in non-trading status, system issues, etc. A successful trigger limit order is the same as a normal limit order, and it may not be executed. Unexecuted limit orders will be displayed in active orders. Trailing Stop Order A trailing stop order is a strategy order for tracking market prices, and its trigger price may change with latest market fluctuations. Trigger price calculation: Sell, Actual Trigger Price = Market's Historically Highest Price - Trail Variance (Price Gap), Or Market's Historically Highest Price * (1 - Trail Variance %) Buy, Actual Trigger Price = Market's Historically Lowest Price + Trail Variance, Or Market's Historically Lowest Price * (1 + Trail Variance %) Trailing orders allow users to select an activation price for the order, and the system will start calculating the trigger price only after the order is activated. Identification for Trailing Stop Order Trail variance: The trail variance is the main condition for calculating the actual trigger price. The actual trigger price will be calculated based on the highest/lowest price of the specified price type after the order activation and the trail variance. Quantity: The number of orders placed. Price type: You can select the last transaction price, fair price or index price as the criteria to activate and trigger trailing orders. Activation price: Activation price is the activation condition of a trailing order. When the price of the specified price type reaches or exceeds the activation price, the order will be activated. The system will only start calculating the actual trigger price upon activation. If the activation price is not defined, the order will be activated upon placement. For example: Case 1 (Sell the rip): The user wants to sell BTC without selecting the activation price (i.e. activate as soon as the order is placed) and the last transaction price is 30,000 USDT. Then, one may set the parameters as follows. [Trail Variance - Price Gap] 2,000 USDT [Quantity] 1 BTC [Price Type] Last Transaction Price In the event where the BTC price keeps increasing to the highest point of 40,000 USDT after the order is placed, and then retraces to 38,000 USDT, reaching the retracement condition (40,000 USDT - 2,000 USDT = 38,000 USDT), the system decides for the user to sell at the market price at 38,000 USDT. Case 2 (Buy the dip): The user wants to buy BTC and the last transaction price is currently 40,000 USDT. Then one may set the parameters as follows. [Trail Variance - Ratio] 5% [Activation Price] 30,000 USDT [Quantity] 1 BTC [Price Type] Last Transaction Price In the event where the BTC price keeps falling to 30,000 USDT after the order is placed, the trailing is activated, it then falls all the way to 20,000 USDT and bounces back to 20,000 USDT * (1 + 5%) = 21,000 USDT, reaching the retracement condition (5%), the system decides for the user to buy at the market price at 21,000 USDT. Post Only Post-only orders will not be filled in the market immediately, which ensures that the user is always a maker and enjoys the yield of the trading fee as a liquidity provider; at the same time, if the order is filled with an existing order, then the order will be canceled immediately. TP/SL TP/SL refers to the pre-set trigger price (take profit price or stop loss price) and trigger price type. When the last price of the specified trigger price type reaches the pre-set trigger price, the system will place a close market order according to the pre-set quantity in order to take profit or stop loss. Currently, there are two ways to place a stop loss order: <ol> <li style="font-weight: 400;" aria-level="1">Set TP/SL when opening a position: This means to set TP/SL in advance for a position that is about to be opened. When the user places an order to open a position, they can click to set a TP/SL order at the same time. When the open position order is filled (partially or fully), the system will immediately place a TP/SL order with the trigger price and trigger price type pre-set by the user. (This can be viewed in open orders under TP/SL.)</li> </ol> <ol> <li style="font-weight: 400;" aria-level="1">Set TP/SL when holding a position: Users can set a TP/SL order for a specified position when holding a position. After the setting is complete, when the last price of the specified trigger price type meets the trigger condition, the system will place a close market order according to the quantity set in advance.</li> </ol>