# Futures

Dear MEXCers,In order to provide a better futures copy trading experience, MEXC's Futures Copy Trade will undergo a system upgrade and maintenance on August 12, 2023, from 00:30 to 01:30 (UTC). The upgrade is estimated to take 1 hour.During the upgrade period, the Copy Trade feature may not be working normally. If you encounter any issues, the maximum expected downtime should not exceed 2 minutes. We recommend trying again after 2 minutes. Please keep an eye on your copy trade positions. We apologize for any inconvenience this may cause.During the upgrade, in cases where a trader has closed their position but their followers have not, followers can manually close their positions within 2 hours after the system upgrade is completed. If the positions are not closed after 2 hours, the system will close them at the market price. Please monitor your orders closely during the upgrade (you can check your current copy trade orders on the Copy Trade homepage - [My Copy Trades]).Possible asset impacts during the upgrade: 1. Failure to query copy trade assets and total assets on the website. 2. Failure to query total assets on the app.Features such as crypto buying, spot trading, futures trading, ETF trading, deposits, withdrawals, and transfers will not be affected.After the relevant upgrade work is completed, we will make an announcement as soon as possible. We apologize for any inconvenience this may cause.If significant market fluctuations occur before the upgrade, the platform will postpone the upgrade based on market conditions and announce any postponement accordingly. Please refer to the announcements on the official website for the latest information.*Note: The estimated time for the Futures Copy Trade system upgrade is subject to change. For the latest progress updates, please stay tuned to the announcements on the official website and community notifications.Thank you for your support towards Futures Copy Trade on MEXC!Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTubeBuy USDT Instantly here: https://otc.mexc.com/Refer a friend to earn commissions. Create your personalized invitation link today:https://www.mexc.com/invite Enjoy trading on MEXC.MEXC TeamAugust 9, 2023

Dear MEXCers, On August 7, 2023, between 10:00 and 13:00 (UTC), there was a significant deviation between the spot and futures trading prices of YGG (23% or more), resulting in abnormal trading data in the YGG_USDT perpetual futures market. Subsequently, several traders sustained substantial losses in a short period of time. In order to maintain market order, ensure trading fairness, and protect the rights of fairly trading MEXCers, MEXC has managed user trading behavior, identified abnormal trading behavior, and initiated processing procedures whereby abnormally trading users will be managed effectively.At the same time, we have airdropped a 100 USDT futures bonus to each affected user. These measures might be confusing to some users or lead to misunderstanding. If you have any questions, please contact our customer service for review, confirmation, and resolution.The following actions are considered abnormal trading behavior: Frequent placement and cancellation of orders that may affect the trading price or mislead other market participants (frequent order placement and cancellation).Repeatedly placing and canceling large orders that may affect the trading price or mislead other market participants (large order placement and cancellation).Issuing trading instructions through algorithmic trading methods that may affect MEXC's system security or normal trading order.Exploiting the liquidation mechanism for malicious arbitrage, for example: If a user has 10 USDT and invests all funds with 200x leverage under cross margin mode, the position value is 2000 USDT. Due to a deviation between the fair price and the order book, the user's position will immediately have floating profits. Users on the opposing side, however, will incur floating losses. When this happens, the platform's liquidation function does not effectively trigger, allowing users to continuously add positions using floating profits. They wait for the order book trend to move in a profitable direction before closing the position, thus achieving abnormal profits.       5. Other situations as determined by MEXC. We deeply apologize for any impact and inconvenience this may have caused you. MEXC will continue to strive to provide you with superior products and high-quality services. Thank you for your support and understanding! MEXC Team August 8, 2023

Dear MEXCers,On 12:15, August 8, 2023 (UTC), MEXC has adjusted the funding rate settlement frequency for the YGG USDT-M perpetual contract. The new settlement frequency is now once every 8 hours. Details are as follows:Time (UTC)YGGUSDT Futures Maximum Funding Rate16:00, August 8, 2023+2.50% / -2.50%00:00, August 9, 2023+2.50% / -2.50%08:00, August 9, 2023+2.50% / -2.50%16:00, August 9, 2023+2.50% / -2.50%……+2.50% / -2.50%For the latest funding rate details, please refer to Information - Funding Rate History.Note:The settlement frequency mentioned above may be further adjusted. Please stay tuned to the latest announcements.Users are advised to refer to the updated funding rate before placing orders. For existing orders, please adjust your position and margin accordingly to prevent liquidation.Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTubeBuy USDT Instantly here: https://otc.mexc.com/Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/inviteEnjoy trading on MEXC.MEXC Team8 August 2023

Dear MEXCers,From 08:40, August 8, 2023 (UTC) onwards, MEXC Futures will be adjusting the funding rate settlement frequency of DODO USDT-M futures to once every 4 hours. Details are as follows:Time (UTC)DODOUSDT Futures Maximum Funding Rate12:00, August 8, 2023+2.50% / -2.50%16:00, August 8, 2023+2.50% / -2.50%20:00, August 8, 2023+2.50% / -2.50%00:00, August 9, 2023+2.50% / -2.50%……+2.50% / -2.50%For the latest funding rate details, please refer to Information - Funding Rate History.Note:The settlement frequency mentioned above may be further adjusted. Please stay tuned to the latest announcements.Users are advised to refer to the updated funding rate before placing orders. For existing orders, please adjust your position and margin accordingly to prevent liquidation.Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTubeBuy USDT Instantly here: https://otc.mexc.com/Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/inviteEnjoy trading on MEXC.MEXC Team8 August 2023

Dear MEXCers,Adhering to our principle of "Users First, Changing for You", and to provide you with a better trading experience, MEXC has launched the following new features.1. On the website, the calculator window on the futures trading page can now be moved by dragging.2. On the website, new K-line chart types, Area and Column, are now available on the futures trading page under TradingView mode.If you have any suggestions for product feature enhancements, please feel free to contact us at any time.Find us onTwitter | Telegram｜API Telegram | Medium | Facebook | Discord｜Instagram｜Blog Buy USDT instantly here: https://otc.mexc.com/Refer a friend to earn commissions. Create your personalized invitation link today: https://www.mexc.com/invite Enjoy trading on MEXC.MEXC TeamAugust 8, 2023

Dear MEXCers,MEXC will be adjusting the funding rate limit of RSS3 USDT-M perpetual futures on 07:40, August 8, 2023 (UTC). For the latest funding rate details, please refer to the following guide:Web: Information >> Funding Rate History.APP: Futures >> ··· >> Futures Info Notes:The funding rate of the futures mentioned above may be further adjusted. Please stay tuned for the latest announcements.Users are advised to refer to the updated funding rate before placing orders. For existing open orders, please adjust your position and margin accordingly to prevent liquidation. Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTubeBuy USDT Instantly here: https://otc.mexc.com/Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/inviteEnjoy trading on MEXC.The MEXC TeamAugust 8, 2023

Dear MEXCers,MEXC will be launching 21-200x Futures Leverage Challenge, where both new and existing users are welcome to participate and stand a chance to share the 20,000 USDT bonus.The event details are as follows:Event period: 04:00, August 8, 2023 - 04:00, August 13, 2023 (UTC)Event trading pairs: ETHUSDT, LPTUSDT, XRPUSDT, MATICUSDT, TOMOUSDT, DODOUSDT, ARPAUSDT and LINAUSDT How to join: Users who trade any of the event trading pairs with 21-200x leverage during the event period will be automatically considered as participants. No registration is required. Rewards from Event 1 and Event 2 are stackable and can be redeemed simultaneously. The more events you join, the more rewards you enjoy.   Event 1: New User Exclusive Reward, Share 10,000 USDT BonusDuring the event period, first-time traders who trade any of the event trading pairs with 21-200x leverage who accumulate a futures trading volume ≥ 30,000 USDT will each receive a 5 USDT bonus. Limited to the first 2,000 eligible users only. First come first served, while redemptions last. On top of that, new users may also participate in New Futures User Event to earn extra bonuses.Claim 1,000 USDT bonus: https://www.mexc.com/futures-activity/bonus Event 2: Trade with 21-200x Leverage & Share 10,000 USDT BonusDuring the event period, users who trade any of the event trading pairs with 21-200x leverage and accumulate a futures trading volume ≥ 90,000 USDT will share a bonus pool worth 10,000 USDT in total. The detailed bonus allocation is as follows:RankingReward (Futures Bonus)Minimum Futures Trading Volume1st1,200 USDT≥ 7,500,000 USDT2nd900 USDT≥ 5,000,000 USDT3rd600 USDT≥ 3,000,000 USDT4th500 USDT≥ 2,000,000 USDT5th300 USDT≥ 1,500,000 USDT6-200thShare the remaining bonus pool based on respective futures trading volume. Capped at 50 USDT bonus per user.≥ 90,000 USDT*Total futures trading volume = Open position amount + Closed position amount (Only volume of ETHUSDT, LPTUSDT, XRPUSDT, MATICUSDT, TOMOUSDT, DODOUSDT, ARPAUSDT and LINAUSDT futures trades with 21-200x leverage, of which trading fees are > 0 will be counted.)MEXC futures taker fee has been reduced to 0.01%. Trade now to enjoy the deal!Click to trade:ETHUSDT Futures >> | LPTUSDT Futures >> | XRPUSDT Futures >> | MATICUSDT Futures >> | TOMOUSDT Futures >> | DODOUSDT Futures >> |  ARPAUSDT Futures >> |  LINAUSDT Futures >> Latest Events:1,000 USDT New Futures User Giveaway, Claim Now >>Experience Futures Trading with Adjustable Leverage, Share 150,000 USDT Bonus Pool Weekly & Win up to 30,000 USDT Per User >>Weekly Futures Event, Share 60,000 USDT Bonus Pool Weekly >> Event Terms & Conditions:All eligible ETHUSDT, LPTUSDT, XRPUSDT, MATICUSDT, TOMOUSDT, DODOUSDT, ARPAUSDT and LINAUSDT futures trades during the event period will be counted towards the trading volume (open position amount + closed position amount) for event participation. Only futures trades with trading fee > 0 are counted.Rewards from Event 1 and Event 2 are stackable and can be redeemed simultaneously. The more events you join, the more rewards you enjoy.The rewards will be distributed within 3 days after the event has ended.If any user is found to be involved in any illegal or fraudulent activities such as bulk account creation, wash trading and cheating, his/her user account will undergo a strict review by MEXC, and disqualification may be in place.MEXC reserves the right to modify or change these terms and conditions at any time without prior notice, including, but not limited to, the cancelation, extension, termination or suspension of this event, the terms and criteria for eligibility, the selection and number of winners and the timing of any action taken, and all participants shall be bound by these revised terms.In case of inconsistency between the English version and the translation of the terms and conditions of this event, the English version shall prevail.MEXC reserves the right of final interpretation for the event information hereinabove. If you have any questions, kindly contact Customer Care.Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTube Buy USDT Instantly here: https://otc.mexc.com/Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/invite Enjoy trading on MEXC.The MEXC Team8 August 2023

Dear MEXCers,MEXC has completed the Futures Copy Trade system upgrade scheduled for August 12, 2023 (UTC).Thank you for your support towards MEXC Futures Copy Trade!Find Us onTwitter | Telegram | Facebook | Discord｜Instagram｜Blog | Reddit | YouTubeBuy USDT Instantly here: https://otc.mexc.com/Refer a friend to enjoy a high rebate, create your personalized invitation link today: https://www.mexc.com/invite Enjoy trading on MEXC.The MEXC Team12 August 2023

Dear MEXCers,In appreciation of your continued support, MEXC will be launching the August Futures Competition titled "Be A Champion 2: We Create The Future Here", where both new and existing users are welcome to participate and share the grand prize worth up to 5 million USDT.                                                                               Click here to registerEvent TimelineRegistration Period: 10:00, August 9 - 14:55, August 23 (UTC)Competition Period: 15:00, August 9 - 14:59, August 23 (UTC)Participation CriteriaUsers with total futures account equity ≥ 300 USDT at the time of registration will be eligible for the competition. The platform will review the eligibility of registered users before the commencement of the competition. Those who are considered ineligible may register again after transferring sufficient assets to their futures accounts.Participating Futures All USDT-M perpetual futures available on MEXCTotal Prize Pool:No. of ParticipantsTotal Prize Pool / USDT＞01,000,000＞30,0002,000,000＞40,0003,000,000＞50,0004,000,000＞60,0005,000,000Activity 1: Spin the wheel and grab futures bonus worth 40% of the total prize pool, first come first served!For every 75,000 USDT accumulated in daily trading volume, participating users will receive 1 chance to spin the wheel (max. 3 chances every day) and win a share of the futures bonus pool. The bonus amount is randomized, while redemption lasts. The number of chances to spin the wheel resets at 14:59 (UTC) daily. Users may continue to trade on the following day to receive chances to spin again.Amount / USDT BonusReward Type2,023Fixed amount800Fixed amount500Fixed amount200Fixed amount100Fixed amount1-5Randomized within the range6-50Randomized within the range51-100Randomized within the rangeActivity 2: Pass the checkpoint challenges to claim daily challenge rewards with up to 90% successful claim rate!After the start of the competition, participants will be able to receive the corresponding reward when their daily trading volume meets the checkpoint requirement. The rewards will only be available on that day and distributed the next day. The opportunity to receive the reward will expire at 14:59 (UTC) on the same day.Trading Volume Checkpoint / USDT300,000800,0001,200,0001,500,0001,800,0002,000,000Bonus3710121420Activity 3: Top both rankings to share the grand prize worth 40% of the total prize poolDuring the event, users who trade USDT-M perpetual futures trading pairs and accumulate a corresponding trading volume of ≥ 20,000 USDT will be ranked separately by their PNL amount and daily trading volume. The prize pool allocation is as follows: （1）PNL Amount Ranking Reward worth 10% of the total prize pool:RankReward Allocation120%215%38%45%53%6-15thShare 9.5% based on proportion of trading volume + Share 9.5% based on proportion of PNL amount. Reward per user is capped at 5% of PNL Amount Ranking prize pool.16-30thShare 10% based on proportion of trading volume + Share 10% based on proportion of PNL amount. Reward per user is capped at 3% of PNL Amount Ranking prize pool.31-50thShare 5% based on proportion of trading volume + Share 5% based on proportion of PNL amount. Reward per user is capped at 3% of PNL Amount Ranking prize pool.*In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be ranked above the other.（2） Daily Trading Volume Ranking Reward worth 30% of the total prize pool:During the event, participants ranked Top 200 in daily trading volume will share the prize pool on a daily basis according to the allocation below:RankReward AllocationTrading Volume Requirement / USDT115% (Reward doubles if the trading volume exceeds 73.44 million USDT)36,720,000210%30,600,00038%24,480,00045%15,300,00053%9,180,0006-20th14% (Share based on proportion of trading volume)6,120,00021-50th10% (Share based on proportion of trading volume)51-100th10% (Share based on proportion of trading volume)2,500,000101-200th10% (Share based on proportion of trading volume)*For example: Leo's futures trading volume on an event day is 73.44 million USDT, and he ranks 1st in trading volume on that day. Assuming that the total prize pool unlocked is 1,000,000 USDT, and the number of event trading days is 14 days, then the event bonus reward he will receive: Total prize pool 1,000,000 USDT * 30% / 14 days * 15% * 2 = 6,429 USDT.Reward Redemption CriteriaPNL amount requirement for Activity 3: Participants must attain trading volume ＞ 20,000 USDT with positive PNL amount to be eligible to share the prize pool.PNL amount during the event = Realized PNL at the end of the event + Unrealized PNL at the end of the event - Realized PNL at the start of the event - Unrealized PNL at the start of the event.In the event that two participants produce the same PNL amount, the participant with the higher trading volume will be ranked above the other.Reward Distribution RulesUsers must fulfill the stated criteria and complete the required steps to redeem their rewards.Only the volume of futures trades with trading fee > 0 are counted (only Taker trading volume is counted for this event due to the ongoing Futures 0 Maker Fee event).MEXC Futures fee rate has been adjusted to 0.01% for Takers. We welcome all users to experience trading with the lowest fee rate in the market.Stay updated with the Daily Trading Volume Ranking: Telegram: https://t.me/MEXC_ENofficial | Twitter: https://twitter.com/mexc_enRewards from this event are not to be redeemed in conjunction with other ongoing Futures event rewards of the same type on the MEXC platform. All rewards from this event can be stacked.The daily trading volume ranking refers to the trading volume ranking at 14:59 (UTC) of the day. The rewards for Spin The Wheel, Daily Challenge, and Daily Trading Volume Ranking will be issued within 24 hours after winning.The rewards for PNL Amount Ranking will be issued within 10 days after the conclusion of the event.Winners of PNL Amount Ranking must contact @Effy_MEXC and @Derrick_MEXC via Telegram to redeem their rewards. If you have any questions, kindly join the official Telegram group: https://t.me/MEXC_ENofficialDisclaimerParticipants who are found to be involved in fraudulent activities such as wash trading, matched orders, multi-account operation, and self-dealing will be disqualified.Participants who are found to be involved in identical trading strategies will be disqualified.Participants who are found to have placed and canceled orders at a high frequency per minute will be disqualified.Once multiple accounts are found to be registered under the same IP address, all users using this IP address will be disqualified.Market maker accounts and institutional users are not allowed to participate in this event.MEXC reserves the right of final interpretation of the event rules including, but not limited to, the above mentioned information regarding trading, funds, and risks of gang behaviors.Buy USDT instantly here: https://otc.mexc.com/Refer a friend to earn commissions. Create your personalized invitation link today:https://www.mexc.com/inviteEnjoy trading on MEXC.MEXC TeamAugust 9, 2023

Dear MEXCers,Between 10:00 and 13:00 (UTC) on August 7, 2023, the YGG_USDT perpetual futures trading pair experienced abnormal trading data due to a platform system issue.The platform has promptly repaired the abnormal trading data for YGG_USDT futures. If this has affected your trading data display, we sincerely apologize for any inconvenience caused. As compensation, we will provide you with a 100 USDT futures bonus. Users who meet the compensation criteria will receive airdrops directly into their MEXC futures accounts within 1 business day.We deeply apologize for any impact and inconvenience this may have caused you. MEXC will continue to strive to provide you with superior products and high-quality service. Thank you for your understanding and support!MEXC TeamAugust 7, 2023