Margins & PNL Calculations

1. Introduction to Margin

1.1 Initial Margin

1.2 Maintenance Margin

1.3 Opening Cost

2. Margin Calculation

2.1 USDT-M Futures

2.2 Coin-M Futures

2.3 Calculation Example

• USDT-M Futures:

• Coin-M Futures:

3. PNL Calculation

3.1 Trading Fees

• As a liquidity consumer or taker, you will incur a fee calculated as Position Value x Taker Fee Rate.

• As a liquidity provider or maker, you will incur a fee calculated as Position Value x Maker Fee Rate.

3.2 Funding Fee

• Depending on the funding rate (positive or negative) and the direction (long or short) of your position, you will either receive or incur funding fees.

• Funding Fee = Funding Rate x Position Value.

• Position Value = Position Quantity (Tokens) x Fair Price.

3.3 PNL Calculation

3.3.1 Closing PNL

• USDT-M Futures:

• Coin-M Futures:

3.3.2 Unrealized PNL

• USDT-M Futures:

• Coin-M Futures:

3.4 Calculation Example

• With Taker Fee Rate = 0.02%, Maker Fee Rate = 0.00%, Funding Rate = -0.025%, and the current market price = 50,000 USDT/BTC, you will incur a trading fee calculated as follows:

• When the funding rate is negative, you will receive a funding fee calculated as follows:

• Closing PNL = (60,000 USDT/BTC - 50,000 USDT/BTC) x 10,000 contracts x 0.0001 BTC/contract = 10,000 USDT

• Closing Fee = 60,000 USDT/BTC x 10,000 contracts x 0.0001 BTC/contract x 0.00% = 0 USDT

• So, in this scenario, your total realized PNL is calculated as follows:

3.5 Reminders

• When settling the funding rate, the position value is calculated based on the current fair price.

• The calculation results are for reference only, and specific situations should be based on the rules of MEXC futures products.

• Tutorials and guides may vary across different operating systems. Please refer to your actual operating system for accurate information.