# Vadeli İşlem

Dear Users: MEXC will launch CSPRUSDT Futures at 09:00 August 11 (UTC). CSPRUSDT will support free adjustment of 1-20x leverage, with either cross or isolated margin mode. It will be available both on the MEXC app and website.    Trade CSPRUSDT perpetual contracts to split 1,000 USDT futures bonus Activity period: 09:00, August 11 - 16:00, August 12 (UTC)   Activity reward: During the activity period, if your accumulated opening positions of CSPRUSDT perpetual contracts are not less than 15,000 cont, you can split 1,000 USDT futures bonus according to the proportion of your accumulated open positions.   Note: 1. The activity only counts the number of opening positions, both long and short are included. 2. The rewards will be distributed within 7 working days after the event ends, please pay attention to check. 3. MEXC reserves the right to disqualify any participants that are involved in wash trading or any behavior that is considered cheating. MEXC has the right to remove the prize from said users, or even freeze the account. 4. MEXC reserves the final right to interpret the activity at our sole discretion.   For Futures Bonus instruction, please refer to: https://support.mexc.com/hc/en-001/articles/360054434472    MEXC perpetual contracts not only supports top market cap coins, but also DeFi projects and PolkaProjects, such as UNI, SUSHI, DOT, YFI, YFII, HNT, FLM etc. Moving forward, more perpetual contracts will be launched, please stay tuned.    Follow us: MEXC Futures: https://t.me/mexcfutures Telegram: https://t.me/MEXCEnglish MEXC trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXCDerivatives Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8 Instagram: https://www.instagram.com/mexcglobal/   Enjoy your trading on MEXC. The MEXC team August 11, 2021

Dear Users: To celebrate ETH being back at 3000 USDT along with a successful London hard fork, MEXC Futures will launch “ETH Carnival 1, Trade to Split 5000 USDT Futures Bonus”. Thank you for supporting MEXC! Time: 16:00 August 7 – 16:00 August 10 (UTC)   Event Rules and Rewards: [Trading Bonus] Split 4500 USDT Daily Trade ETHUSDT or ETHUSD Futures, and users who trade ≥ 10,000 USDT in either or both combined, can participate in the following:   1st place (Trading volume ≥ 1,000,000): 800 USDT Futures Bonus 2nd place (Trading volume ≥ 800,000): 500 USDT Futures Bonus 3rd place (Trading volume ≥ 500,000): 200 USDT Futures Bonus    4th – 100th place: Split the remaining prize pool in proportion to the total trading volume.    [Sharing Bonus] Split 500 USDT Daily Trade ETHUSDT or ETHUSDT Futures, share your Futures profit poster to the MEXC Telegram groups or our partnered groups, receive 2 USDT Futures Bonus. Note: Users must trade on that day to receive the Futures Bonus.   ETH Carnival 1, registration form: https://forms.gle/Q6VuBUBCwbRVMBNXA For any inquiries, contact staff on Telegram: https://t.me/justinc13   Note: 1. Trading Volume, Open + Close, both long and short are included. 2.Every round of this event consists of a 5000 USDT Prize pool, and the rewards will be given out within 3 working days after the event ends. 3. MEXC reserves the right to disqualify any participants that are involved in wash trading or any behavior that is considered cheating. MEXC has the right to remove the prize from said users, or even freeze the account. 4. Users must complete KYC to claim the rewards of this event. 5. MEXC reserves the final right to interpret the activity at our sole discretion.   Follow us: MEXC Futures: https://t.me/mexcfutures Telegram: https://t.me/MEXCEnglish MEXC trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXCDerivatives Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8 Instagram: https://www.instagram.com/mexcglobal/   Invite a friend to enjoy high rebates, click to generate your personalized referral link: https://www.mexc.com/invite   New user exclusive rewards, deposit 100 USDT to receive 10 USDT Futures Bonus, uncapped: https://support.mexc.com/hc/en-001/articles/4404973379482   Enjoy your trading on MEXC. The MEXC team August 7, 2021

Dear Users: MEXC will launch ACHUSDT Futures at 03:00 August 7 (UTC). ACHUSDT will support free adjustment of 1-20x leverage, with either cross or isolated margin mode. It will be available both on the MEXC app and website.    Trade ACHUSDT perpetual contracts to split 1,000 USDT futures bonus Activity period: 03:00, August 7 - 16:00, August 8 (UTC)   Activity reward: During the activity period, if your accumulated opening positions of ACHUSDT perpetual contracts are not less than 10,000 cont, you can split 1,000 USDT futures bonus according to the proportion of your accumulated open positions.   Note: 1. The activity only counts the number of opening positions, both long and short are included. 2. The rewards will be distributed within 7 working days after the event ends, please pay attention to check. 3. MEXC reserves the right to disqualify any participants that are involved in wash trading or any behavior that is considered cheating. MEXC has the right to remove the prize from said users, or even freeze the account. 4. MEXC reserves the final right to interpret the activity at our sole discretion.   For Futures Bonus instruction, please refer to:  https://support.mexc.com/hc/en-001/articles/360054434472    MEXC perpetual contracts not only supports top market cap coins, but also DeFi projects and PolkaProjects, such as UNI, SUSHI, DOT, YFI, YFII, HNT, FLM etc. Moving forward, more perpetual contracts will be launched, please stay tuned.    Follow us: MEXC Futures: https://t.me/mexcfutures Telegram: https://t.me/MEXCEnglish MEXC trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXCDerivatives Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8 Instagram: https://www.instagram.com/mexcglobal/   Enjoy your trading on MEXC. The MEXC team August 7, 2021

Dear MEXCers: MEXC will launch BTTUSDT, XEMUSDT perpetual contracts at 11:00, April 7 (UTC+8). BTTUSDT will support 1-20x leverage, while XEMUDST will support free adjustment of 1-50x leverage with either cross or isolated margin mode. It will be available both on the MEXC app and website.    Trade BTTUSDT, XEMUSDT  perpetual contracts to split 1,000 USDT contract bonus Activity period: 11:00, April 7 - 24:00, April 8 (UTC+8) Activity reward: During the activity period, if your accumulated opening positions of BTTUSDT are not less than 200000 cont., and XEMUSDT perpetual contracts not less than 5,000 cont., you can split 1,000 USDT contract bonus according to the proportion of your accumulated open positions.   Note: The activity only counts the number of opening positions, both long and short are included.   The rewards will be distributed within 7 working days after the event ends, please pay attention to check.   MEXC reserves the right to disqualify any participants that are involved in wash trading or any behavior that is considered cheating. MEXC has the right to remove the prize from said users, or even freeze the account.   MEXC reserves the final right to interpret the activity at our sole discretion.   For the Contract Bonus instruction, please refer to: https://support.mexc.com/hc/en-001/articles/360054434472    Perpetual Contract tutorial： https://support.mxc.me/hc/en-001/articles/360044545711    MEXC perpetual contracts not only supports top market cap coins, but also DeFi projects and PolkaProjects, such as UNI、SUSHI、DOT、YFI、YFII、HNT、FLM etc. Moving forward, more perpetual contracts will be launched, please stay tuned.    Find us on:   Medium: https://medium.com/MEXCExchange Telegram: https://t.me/MEXCEnglish  MEXC trading: https://t.me/MEXCtrade   Twitter: https://twitter.com/MEXC_Exchange  https://twitter.com/MEXC_Fans  Facebook: https://www.facebook.com/MEXCexchangeofficial/  Discord: https://discord.gg/zu5drS8     Enjoy your trading on MEXC. The MEXC team April 7, 2021

The ticket claim for "MEXC 15th M-Day - ALPA Token Sale" will be started during 09:00 - 17:00 (UTC+8), November 19. The folllowing are the easy steps to join.      Step 1. Entrance to claim the ticket  Website:  Homepage > Activity > M-Day    MEXC APP       Step 2: How to Gain Eligibility to Claim the Draw Tickets?  Two method:  1. Holding USDT  2. Accumulating trading volume for major cryptos      Method 1: Holding USDT  Users whose USDT holding amount meet the minimum requirement are eligible to claim the draw tickets. See the form below.       Method 2: Accumulating Trading Volume for Major Cryptos   Users who trade major cryptos during 17:00, Nov.17 - 17:00, Nov.19 (UTC+8) with minimum trading volume meeting the minimum requirement are eligible to claim the draw tickets. The major crypto trading pairs include:  BTC/USDT, ETH/USDT, EOS/USDT, BCH/USDT, LTC/USDT, TRX/USDT, XRP/USDT, BSV/USDT, ETC/USDT, DASH/USDT, DOT/USDT, LINK/USDT  See the form below:       Participation prize:   Users who haven't got any winning tickets in the draw can share the participation prize pool in proportion to the number of losing tickets respectively.     Time schedule for ticket claim  1. Ticket claim period: 09:00 - 17:00 (UTC+8), November 19  2. Lottery draw time: 19:00 (UTC+8), November 19  3. Asset exchange time: 19:30 (UTC+8), November 19     Listing schedule of ALPA  Trading: 11:00 (UTC+8), November 20  Deposit & withdrawal: 10:55 (UTC+8), November 20  Trading pair: ALPA/USDT     Project introduction:  Alpaca City is a virtual world built on Ethereum blockchain where users can manage their on-chain assets through collecting and breeding adorable Alpacas. Every Alpaca has varies genetic traits which not only make it unique, but also signifies its ability to generate yields. ALPA holders can use the token to breed Alpaca NFTs, voting for community governance, and spending in Alpaca City Ecosystem.

Dear users:  MEXC has launched the innovative margin DeFi mining product, which enables users to loan USDT, BTC or ETH to earn yield of FIC token. Making loan will be deemed as participating in the DeFi Yield Mining.      Step 1: Users who want to join the yield mining shall first register in the form below:  http://MEXCfutures.mikecrm.com/r93Jb2w      Note: The yield mining period is 00:00, Oct. 24 - 24:00, Oct. 27 (UTC+8); a total of 4 days. After registeration, miners can join in any of the days.       Step 2: Let's have a look at the margin mining pools.     USDT margin mining pool: no hard cap; total yield pool of 80,000 FIC, 20,000 FIC per day.   BTC margin mining pool: no hard cap; total yield pool of 20,000 FIC, 5,000 FIC per day.   ETH margin mining pool: no hard cap; total yield pool of 20,000 FIC, 5,000 FIC per day.       Step 3: Make loan of USDT, BTC or ETH to participate in the yield mining activity  Take loan USDT as an example.   First, enter MEXC APP and find "Margin" on homepage and click to enter. Here we make loan from BTC/USDT margin pair. The 10x means 10 times leverage. See the pic. below:      Second, we shall transfer some USDT asset from spot accout to margin account by clicking "loan/repay" button. Then, click "Transfer". See the pic. below.      Third, when the USDT asset transfered, we can make the loan. The loan steps are: 1. return to the loan page and click "loan"; 2. enter loan amount and click "loan" to complete the loan process.     Note: The loan amount = the USDT principal * (Leverage times - 1). Suppose I transfered 10k USDT as principal, I can loan 90k from MEXC.         In simple, after registration and making loan, you have participate in the yield mining successfully.      Note: If you repay the loan soon after making it, there will be no mining yield.        Join margin trading to enjoy additional reward  In addition to the mining yield reward, miners who join margin trading during the yield mining period can share 1.50% margin trading fees, 2.additional FIC token reward and 3.100 USDT margin trading voucher 4. 40% loan fee discount.     Miners with margin trading volume no less than 1,000 USDT of the day during the yield mining period are eligible to share 50% of the margin trading fee from all miners of the day.   All miners who have joined margin trading during the yield mining period can share an additional prize pool of 10,000 FIC in proportion to their margin trading volume respectively.   All miners can get a margin trading voucher with face value of 100 USDT.    All miners can enjoy 40% loan fee discount for USDT, BTC, ETH loans during the yield mining period.       For more activity details, please refer to previous announcement here:  https://support.mexc.me/hc/en-001/articles/360050939272 

Dear Users:    The contract referral commission feature has launched. Users who invite friends to trade perpetual contracts on MEXC can enjoy up to 30% referral commission rate with a valid period of 1080 days. The specific information rate is related to the inviter's MX token position. The details are shown below: 1. 0 < MX token position < 10,000: Commission rate: 10% 2. 10,000 ≤ MX token position < 100,000: Commission rate: 20% 3. MX token position ≥ 100,000: Commission rate: 30%   Kindly contact customer service (@mexcdm4) on Telegram for more details.   Note: 1. Though it shows [Spot Commission] on APP, it actually includes the spot and leveraged ETF commission as the APP hasn't been updated in time. 2. The rules displayed on APP is not updated yet until the release of the next-version APP. But rules in the announcement prevails. 3. MEXC reserves the right to adjust the referral commission rate and period based on the demand of market operation.   Find us on: Telegram: https://t.me/MEXCEnglish MEXC Trading: https://t.me/MEXCTradeofficial Twitter: https://twitter.com/MEXC_Global https://twitter.com/MEXC_Fans Facebook: https://www.facebook.com/mexcglobal Discord: https://discord.gg/zu5drS8   Register an account of MEXC here: https://www.mexc.com/auth/signup?inviteCode=12wvM   Enjoy trading on MEXC. The MEXC Team July 7, 2020                  

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: 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.)   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.

I. About Liquidation  MEXC uses the fair price to prevent liquidation due to illiquidity or market manipulation. Your liquidation price and unrealized PNL will be calculated using the fair price.    Liquidation in Isolated Margin Mode  Position Margin + Unrealized P&L ≤ Maintenance Margin + Liquidation Fees  When the margin rate = 100%, liquidation will be triggered.  Liquidation in Cross Margin Mode  Equity in cross margin account (excluding margin and unrealized PNL in isolated margin mode, and all order margin) ≤ Maintenance Margin + Liquidation Fees  When the margin rate = 100%, liquidation will be triggered.  Liquidation Process  In the event that liquidation is triggered, the system will perform a partial liquidation process in an attempt to avoid a full liquidation of a trader’s position based on the trader’s risk tier.    Canceling an order: In cross margin mode, all current orders will be canceled. In isolated margin mode, if automatic margin call is enabled, all current Futures orders will be canceled. If the margin rate is still greater than 100% after the cancellation, the system will proceed to the next step.Long/short self-dealing: Self-deal forced position reduction of cross margin positions in hedged mode (only for cross margin mode). If the margin rate is still greater than or equal to 100%, the system will continue to the next step.Partial liquidation: If the user's position is at the lowest risk tier, the system will proceed to the next step directly. If tier is greater than the 1st tier, the tier needs to be lowered first, i.e., part of the positions at the current tier will be taken over by the forced liquidation mechanism and liquidated at the bankruptcy price so as to reduce the risk limit tier. The maintenance margin rate is then calculated using the maintenance margin after the reduction to see if it is greater than or equal to 100%. If the conditions for liquidation are still met, the positions will be reduced again until it reaches the lowest tier.Forced liquidation: If the position is at the lowest tier but the margin rate is greater than or equal to 100%, the remaining position will be taken over by the forced liquidation mechanism and liquidated at the bankruptcy price. (The takeover process does not go through the aggregation system so the bankruptcy price will not be displayed on the market transaction record and K-line.)  Process after positions are taken over by the forced liquidation mechanism:  When a user’s position is taken over by the forced liquidation mechanism at the bankruptcy price, if the position can be executed in the market at a better price, the remaining margin will be added to the insurance fund.If the position cannot be executed at a price better than the bankruptcy price, the loss will be covered by the insurance fund. Eventually, if the insurance fund is not sufficient to cover the loss of the liquidated position, the position will be taken over by the auto-deleveraging system.    Calculation of Liquidation Price  (1) Liquidation Price (isolated margin mode, users can manually add margin)  Liquidation condition: Position Margin + unrealized P&L ≤ Maintenance Margin + Liquidation Fees  When the margin rate = 100%, liquidation will be triggered and the price of the forced liquidation is derived from the equation. (In the example below, liquidation fees will be omitted in the calculation process.)  Long: Liquidation Price = (Maintenance Margin – Position Margin + Averaging opening price * Quantity * Position size) / (Quantity * Position size)  Short: Liquidation Price = (Averaging opening price * Quantity * Position size - Maintenance Margin + Position Margin) / (Quantity * Position size)     A user buys in 10,000 cont. of BTC/USDT perpetual futures at 8,000 USDT with an initial leverage multiple of 25x in a long position. (Assume the position of 10,000 cont. is at 1st tier of risk limit with a maintenance margin rate of 0.5%.)  Maintenance Margin = 8000x10000x0.0001x0.5%=40USDT;  Position Margin = 8000x10000x0.0001/25=320USDT;  Calculate the user’s liquidation price:  Liquidation Price for the Long position =（40-320+8000x10000x0.0001）/（10000x0.0001）=7720  *In isolated margin mode, users can manually increase the margin of the position to widen the gap it has from the opening price. This will give them a better liquidation price. Hence, users can manually increase the margin to lower the risk of the position when risk limit is high.    (2) Liquidation Price (cross margin mode)  Liquidation condition: Equity in cross margin account (excluding margin and unrealized PNL in isolated margin mode, and all order margin) ≤ Maintenance Margin + Liquidation Fees  When the margin rate = 100%, liquidation will be triggered and the price of the forced liquidation is derived from the equation. (In the example below, liquidation fees will be omitted in the calculation process.)  Forced Liquidation Price = (Average Short Position Opening Price * Short Position Quantity * Position size – Average Long Position Opening Price * Long Position Quantity * Position size – Cross Margin Position Maintenance Margin + (Wallet Balance – Position Margin in Isolated Margin Mode – Order Margin + Unrealized PNL of other futures positions in cross margin mode) / (Short Position Quantity * Position size – Long Position Quantity * Position size)  A user buys in 10,000 cont. of BTCUSDT perpetual futures at 8,000 USDT with an initial leverage multiple of 25x, and their wallet balance is 500 USDT. Note that this is the user’s only long position in cross margin mode, and there are no other positions in isolated margin mode or pending orders. (Assume the position of the 10,000 cont. is at 1st tier of risk limit with a maintenance margin of 0.5%.)  Position Maintenance Margin in Cross Margin Mode = 8,000 x 10,000 x 0.0001 x 0.5% = 40 USDT;  The forced liquidation price can be calculated as below:  Forced Liquidation Price =（0 * 0 * 0.0001 – 8,000 x 10,000 x 0.0001 – 40 +（500 – 0 – 0 + 0））/（0 * 0.0001 – 10000 x 0.0001）= 7,540 USDT  *Different from isolated margin mode, the liquidation price in cross margin mode may change from time to time as the margin might be affected by positions of other trading pairs. In cross margin mode, the initial margin of every position is independent, but the margin is shared. The unrealized PNL of each position may affect the cross margin account equity. When there are multiple cross margin positions in both long and short positions under the same futures, the liquidation price for the two positions will be the same.    II. About Risk Limit  In a highly volatile trading environment, a trader holding a large position with high leverage will likely incur the significant risk of deficit loss. If the insurance fund is depleted, the auto-deleveraging system may be triggered, creating additional risk for other traders. Therefore, the risk limit mechanism is applied to all trading accounts in MEXC. The system uses a tiered margin model for risk control and the leverage multiple depends on the size of the position. The larger the position, the lower the available leverage multiple. Users may adjust the leverage multiple themselves. The initial margin rate is calculated based on the leverage multiple adjusted by the user.  Position Limit, Maximum Leverage, and Initial margin rate  Before opening a position, users are required to adjust the leverage multiple. If the user did not adjust the leverage, the MEXC default leverage multiple of 20x will be applied. However, users can still adjust the multiple. The leverage multiple determines the position limit, where the higher the leverage multiple, the lower the position limit.  When the user adjusts the leverage multiple, an alert regarding the position limit will pop out as shown below:     Maintenance margin rate  The maintenance margin rate is not calculated based on the user's adjusted leverage multiple, but the user's position size, which means that the maintenance margin rate is not affected by the leverage multiple. The system divides the position amount into several tiers according to the basic risk limit and incremental amount of the futures. Different maintenance margin rates are applied to different tiers, where the larger the position amount, the higher the maintenance margin rate. (For risk limit details of each futures, kindly check Risk Limit under Futures Information.)  The liquidation price is affected directly by the maintenance margin. Therefore, to avoid liquidation, we strongly recommend users to close their positions before the margin balance drops to the maintenance margin level.  Please note that under abnormal price fluctuations and volatile market conditions, the system will take additional measures to maintain market stability, including but not limited to:  Adjustment of maximum leverageAdjustment of position limits for different tiersAdjustment of maintenance margin rate of different tiers    Examples of Risk Limit Mechanism  Using BTCUSDT perpetual futures as an example:   Tier  Maximum Leverage  Holding Positions  Maintenance Margin Rate  1  200x  0～525,000 cont.  0.4%  2  111x  525,000～1,050,000 cont.  0.8%  3  76x  1,050,000～1,575,000 cont.  1.2%  4  58x  1,575,000～2,100,000 cont.  1.6%  5  47x  2,100,000～2,625,000 cont.  2%   Assume the risk limit tiers for BTCUSDT perpetual futures are as shown above. (The figures shown are only an example. To find the actual figures, kindly refer to the risk limit tiers of respective futures.):  (1) Leverage multiple determines the user’s position limit  When the leverage is adjusted to 200x, it corresponds to the 1st tier of risk limit. The user’s position limit at this time would be 525,000 cont. (including no. of contracts the user is already holding and unfilled open orders).  When the user's leverage is adjusted to 50x, it corresponds to the 4th tier of risk limit (47 < user’s leverage ≤ 58). The user’s position limit at this time would be 2,100,000 cont. (including no. of contracts the user is already holding and unfilled open orders).  (2) Maintenance margin rate at different tiers based on position size  User A buys in 80,000 cont. of BTCUSDT perpetual futures at 10,000 USDT with a leverage multiple of 50x. At this point, the user holds 80,000 cont., which corresponds to the 1st tier of risk limit (no. of open positions: 0 - 100,000 cont.). Hence the user’s position's maintenance margin rate at this point is 0.5%.  Later on, as the price of BTCUSDT perpetual futures rises, User A continues to buy in 40,000 cont., meaning the user is holding 120,000 cont. now. This corresponds to the 2nd tier of risk limit (no. of open positions: 100,000 - 200,000 cont.). Hence the position maintenance margin rate is 1%.  At this point, if the user’s position is under liquidation risk, liquidation will be triggered. As it is in the higher tier, liquidation by tier will be activated. Position of 20,000 cont. will be liquidated first, lowering the no. of open positions to 100,000 cont. This will lower the risk limit from the 2nd tier to 1st tier and the maintenance margin rate from 1% to 0.5%. The condition of the remaining positions will be monitored and the remaining positions will be liquidated if they remain under liquidation risk. If not, the positions will be kept.    Find us on  Chinese Telegram:https://t.me/MEXC_ZH  Chinese Twitter:https://twitter.com/mexczh  English Telegram:https://t.me/MEXCEnglish  English Futures Telegram:https://t.me/MEXCFutures  English Twitter:https://twitter.com/MEXC_Global  English Futures Twitter:https://twitter.com/MEXCDerivatives  Facebook:https://www.facebook.com/mexcglobal  Instagram:https://www.instagram.com/mexcglobal/  Medium:https://medium.com/mexcglobal  Discord:https://discord.gg/agZNfksc2T    Buy USDT now：https://otc.mexc.com/  Create your own referral link today and start inviting friends to enjoy great rebates:https://www.mexc.com/invite    Enjoy trading on MEXC.  The MEXC Team 

1. Login   Visit MEXC official website https://www.mexc.com and select [Futures Markets] under the [Derivatives] menu to do real contract trading.      2. Please learn the swap interface carefully.It mainly includes contract information, trading pairs, price information, position and order information, depth picture and limit / stop-limit order window.  3. Trading  (1) MEXC Swap includes USDT swap and inverse swap. USDT swap takes USDT as margin, while inverse swap takes the corresponding cryptocurrency as margin. Users can trade either of them according to demand.   (2) Asset Transfer. If the contract balance is insufficient, users can transfer the asset from the spot account to the contract account. If there’s insufficient balance in the spot account, users can deposit or do OTC trading.  (3) Place an order at the order window and click [Buy] or [Sell].      4. Leverage   MEXC Futures provides 1 - 125x leverage. The leverage multiplier is different based on the specific product. The leverage multiplier is determined by the initial margin and maintenance margin, and the leverage multiplier determines the minimum asset required to open or maintain a position. You can check the minimum initial margin and maintenance margin required for all contract products here.   **MEXC Swap now supports users to modify leverage multiplier in both long and short directions under isolated margin mode.  [How to modify multiplier]  For example, the leverage multiplier for a user’s long position is 20X, and the short position is 100X. To lower hedging risks, the user wants to adjust the 100x short position to 20x.  Click [Short 100x] and adjust the leverage multiplier you prefer. Here we adjust it to 20X and click [Confirm].    After adjustment, the leverage multiplier for the short position turns to 20X.   5.  Cross margin  The cross margin refers to the use of all available balances in the account as margin to avoid forced liquidation. Any other position that has achieved profit can also be margin for losing positions.  The cross margin includes the initial margin and available balance of the contract account, and the losing balance will not be margin to other cross positions. MEXC contract now supports the adjustment from isolated margin to cross margin, but not from cross margin to isolated margin.  6. Isolated Margin  Under isolated margin mode, even if the position is liquidated, the maximum loss will only be the position’s initial margin and the added margin. The available balance will not be used as a margin. Therefore, if the investing strategy is wrong, isolated margin mode will limit your loss.   Users can add margin manually to increase/decrease the liquidation price. If a user adjusts the leverage multiplier after adding margin, the margin added will be reset.  *By default, Futures is under isolated margin mode. Click [Cross] to turn the contract into cross margin mode.   *MEXC contract now support the adjustment from isolated margin mode to cross margin mode, but not vice versa.   [How to adjust?]  MEXC Contract supports users to adjust leverage multiplier in either long or short direction simultaneously. Users can adjust to any leverage multipliers under the isolated margin mode.   For example, if a user holds 20x long for BTC/USDT swap in isolated mode, and he wants to adjust the isolated mode into cross margin mode. He can first click [Long 20x], and then [Cross], at last [Confirm].   7. Open Long/Short  (1) Open long  If the trader judges that the market price will rise in the future, he can buy long of the contract. Buy/long is actually buying the contract at the right price, waiting for the market price to rise and then selling (close position) to earn the difference, similar to the spot transaction, referred to as "buy first and then sell".   (2) Open short  If the trader judges that the market price will fall in the future, he can sell short of the contract. Open short is actually selling the contract at the right price, waiting for the market price to fall and then buying to earn the difference, referred to as “sell first and then buy”.  8. Order type  MEXC Contract supports various order types to satisfy the trading demand of different users.   1. Limit order  Users can place an order at a limit price, and the order will be filled if the market price reaches the limit price.  2. Best Bid and Offer (BBO)  Users do not need to set a price, and orders will be filled instantly at the best market price at the time.  3. Trigger-limit  There's "Trigger Price" and "Price". When the market price meets the "Trigger Price", the system will put the order at the "Price", which is the limit price.  4. Post Only  Post Only means that the orders placed by the users will not be filled immediately. Hence, the users will always be the maker who can enjoy the benefits as liquidity providers.  5. Immediately or cancel (IOC)  The limit has to be filled completely at the limit price. If not, the order will be cancelled. It cannot be partially filled.  6. Market-to-Limit (MTL)The order will be filled at the best price and the unfilled order will be converted into a limit order.  7. Set Stop-Limit   MEXC Futures supports setting Take-profit and Stop-loss prices at the same time. Take short BTCUSDT as an example, open a short position at the price of 10,300 USDT, fill in the Take-profit price at 10200, the Stop-loss price at 10400, and click on [Short] to set both Take-profit and Stop-loss prices.     What are the advantages of Futures