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MEXC USDT-Margined Swaps Operation Guide (Web)

Jun 5, 2020

Login 1. Visit the MEXC website at www.mexc.com, click on [Futures] and select [Perpetual Futures] - [USDT-M Perpetual Futures] to enter the live futures trading page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620175210867eIENyhdVx7ZfhW.png" width="807" /> 2. Please browse the MEXC perpetual contract trading page carefully to understand the contents of each section. This includes: basic market details, K-line, order book information, depth chart, position and order information, and asset information. You can also view futures details, which allows you to view the risk limit, trading rules, index price, fair price, funding rate history, and insurance fund account status of the contract. You can also view order-related information through the orders. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202306201752109312pSw3jvmg20WTJ.png" width="754" /> *Click [Futures Trade] [Orders] for more details 3. Trade （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. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012801946aNenzGDUGIv29U.png" alt="en311.png" width="255" /> （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. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012803400vtFdWzDsF89J0X.png" alt="en321.png" width="293" /> （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. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012804770RlmhytBrzuQl40.png" alt="en331.png" width="247" /> 4. Leverage 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. * 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. [How to change multiplier] 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. Click the [Long 3X] button, and then manually adjust the multiplier. Here, we adjust it to 20X,. Click [Confirm]. The leverage multiplier of the long position has changed to 20X. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012806081olqBhMcj3p0Z7U.png" alt="en4.png" width="323" /> 5. Cross Margin Mode 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. 6. Isolated Margin Mode 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. Users can manually add margin for their isolated margin positions to optimize the liquidation prize. *The system default is isolated margin mode. It will change to cross margin mode when the option is clicked. *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. [Change to Isolated Margin] Currently, users can use different leverage multipliers for both long and short positions, and can modify any leverage multiplier in isolated margin mode. [How to Change] 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]. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304290128074357unQvcaVo17KEP.png" alt="en6.png" width="266" /> 7. Long & Short （1）Buy Long A trader will buy more contracts if he judges that the market price will rise in the future. 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". （2）Sell Short A trader will sell contracts if he judges that the market price will fall in the future. 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". If you have completed the above steps, congratulations, you have traded successfully! 8. Order A variety of order modes are available for MEXC futures, enough to fully meet all traders’ trading needs. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012808774tEKqwoj1ASIvDV.png" alt="en8.png" width="234" /> （1）Limit Order 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. When using limit order, users can also set the time in force according to their trading needs, with the default being GTC: - GTC (Good-Til-Canceled): This type of order will remain in effect until it is completely filled or canceled. - IOC (Immediate-Or-Cancel): This type of order will be canceled if the order is not filled immediately at the specified price. - FOK (Fill Or Kill): This type of order will be canceled immediately if the order is not filled in full. （2）Market Order 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. （3）Trigger Order 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). （4）Post Only 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. （5）Trailing Stop Order 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. （6）Stop Limit Take Profit MEXC perpetual contract supports opening positions while setting stop loss and take profit. To short BTCUSDT, for example, the entry price 21850 USDT, fill in the take profit price as 21900, stop loss price 21800, and click sell. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230429012810123MsKH7mDWrolS4y.png" alt="en86.png" width="223" /> What are the advantages of using perpetual contracts for investment purposes? Let's take the example of a USDT-M contract: 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). 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. Buy/Long Example If the price of BTC increase to 7500 USDT, let’s compare A and B’s earnings: <table><tbody><tr><td> Project </td><td> A-Perpetual Contracts </td><td> B-Spot Trade </td></tr><tr><td> Entry Price </td><td> 7000 USDT </td><td> 7000 USDT </td></tr><tr><td> Entry Value </td><td> 10000 contr. (approx. 1 BTC) </td><td> 1 BTC </td></tr><tr><td> Multiplier </td><td> 100X </td><td> 1X (no leverage) </td></tr><tr><td> Funds Used </td><td> 70 USDT </td><td> 7000 USDT </td></tr><tr><td> Earnings </td><td> 500 USDT </td><td> 500 USDT </td></tr><tr><td> Yield Rate </td><td> 714.28% </td><td> 7.14% </td></tr></tbody></table> Sell/Short Example If the price of BTC decrease to 6500 USDT, let’s compare A and B’s earnings: <table><tbody><tr><td> Project </td><td> A-Perpetual Contracts </td><td> B-Spot Trade </td></tr><tr><td> Entry Price </td><td> 7000 USDT </td><td> 7000 USDT </td></tr><tr><td> Entry Value </td><td> 10000 contr. (approx. 1 BTC) </td><td> 1 BTC </td></tr><tr><td> Multiplier </td><td> 100X </td><td> 1X (no leverage) </td></tr><tr><td> Funds Used </td><td> 70 USDT </td><td> 7000 USDT </td></tr><tr><td> Earnings </td><td> 500 USDT </td><td> 500 USDT </td></tr><tr><td> Yield Rate </td><td> 714.28% </td><td> 7.14% </td></tr></tbody></table> 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. If you need to know more about the data calculation, you can use the "Calculator" on our trading page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620174927902Jo9sfjXU0uyDw9.png" width="515" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230620174927934FAl5ceKGZGWFMB.png" width="517" />

7th Session Deposit for Free Listing

Jul 28, 2019

Dear users:MEXC is committed to realizing high degree of autonomy of MEXC community and distributing more rights to the members of MEXC. The prosperity of MEXC stems from the support of all MEXC members, and in return, MEXC will provide more ways for members to take part in decision-making process.For the purpose above, we have already held “Token Vote for Free Listing” and “MX Vote for Free Listing” activities. To gain better interaction with users and list more good tokens on MEXC platform, we are now launching the “7th Session Vote for Free Listing”. The details are as follows:Users shall deposit the tokens of the projects they supported on MEXC platform within a limited time. When the number of people and deposit quantity reach relevant requirements and the project side pays the security deposit, MEXC will review the token project and list the token at free after technical connecting.The Token recommended by users during the “7th Session Vote for Free Listing” and number of persons and deposit quantity requirements are as follows:Project name: PCX-ChainXNumber of deposit persons: 2000Time for deposit: July 29, 14:00 – July 31, 14:00 (UTC+8)The trading will be opened once the deposit number meets requirements.Project official website: <a href="https://chainx.org/">https://chainx.org/</a>Project contract address:<a href="https://scan.chainx.org/">https://scan.chainx.org/</a>For project details, please visit the project official website mentioned above. MEXC does not support contract transfer at the moment. We are sorry for this.MEXC welcomes users to recommend high-quality projects for the “Deposit for Free Listing”. If you want to recommend a project, you can fill out the following form:<a href="http://t93rqvqbbo2um7gf.mikecrm.com/TCtitRW">http://t93rqvqbbo2um7gf.mikecrm.com/TCtitRW</a> Risk WarningCryptocurrency investment is subject to high market risk. Please make your investments cautiously. MEXC Exchange will make best efforts to choose high quality coins, but will not be responsible for your investment losses. Find us on: Twitter: <a href="https://twitter.com/MEXC_Exchange">https://twitter.com/MEXC_Exchange</a>Facebook: <a href="https://www.facebook.com/MEXCexchangeofficial/">https://www.facebook.com/MEXCexchangeofficial/</a>Telegram: <a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a>Discord: <a href="https://discord.gg/zu5drS8">https://discord.gg/zu5drS8</a>Medium: <a href="https://medium.com/@MEXC.com">https://medium.com/@MEXC.com</a>Instagram: <a href="https://www.instagram.com/MEXC_global/">https://www.instagram.com/MEXC_global/</a> Enjoying your trade on MEXC.The MEXC teamJuly 28, 2019