Futures

1.  LEVEREX Futures

LEVEREX Futures support margin from multiple coins to trade multiple trading pairs, changing the traditional trading method that Ex.Inverse futures only apply to specific coins, allowing crypto holders to have more trading options, effectively increasing the utilization rate of funds, and trading and holding crypto to increase revenue shared.

For example: Using BNB as a margin, you can trade BTCUSD, ETHUSD, EOSUSD and profit and loss will be calculated in BNB.

The LEVEREX Futures: Avoids the cumbersome coin-to-coin exchange process and saves the exchange cost, and at the same time can obtain the profit brought by the increase of the margin coin.

2.  How to trade LEVEREX Futures

Go to trading page

Log in with your LEVEREX ID, go to LEX Futures trading page.

Transfer funds

Before opening a position, if there are no assets in your LEX Futures account, you can click on the "Transfer" function to transfer crypto from other accounts to LEX Futures account.

There is no fee for internal transfers.

Open positions

After selecting the trading pair, margin mode, order type, and leverage, enter the price and quantity, and select the direction to place an order.

3.  Types of margin modes: Isolated margin mode and cross margin mode

Isolated margin mode : Users can hold positions in both directions, and the risks of short positions and long positions are calculated separately. Liquidation will only lose the position margin only.

When the user closes the position, the loss and profit generated by the short position and the long position respectively will be immediately settled into the position margin of the corresponding position.

Cross margin mode : Cross margin mode : All available funds in the futures account are treated as available margin, and when the position loss exceeds the account balance, the position will be liquidated.

The account under cross margin mode has a strong ability to carry losses, which is convenient for operation and calculation of positions.

After submitting the order, if the transaction is not completed immediately, you can view the order details in "Open Orders".

If the transaction is executed immediately, you can view the order details in "Position". And can carry out "Adjust leverage" and "Close Position" operations.

4.  Check profit and loss

When there is a position, user can view it in the "Position" list. The income is classified into unrealized P/L and realized P/L.

Unrealized P/L : The estimated profit and loss amount after the current position is closed at the marked price or the latest transaction price. Red represents losses and green represents profits.

Realized P/L : Includes the funds rate charged regularly and the income obtained from partial position close. Red represents losses and green represents profits.

After position close, P/L can be found in “Order details”.

5.  Close position

Unrealized P/L : There are 2 ways to close position, close or flash close.

On the right side of the position list, select the method to close position, enter the closing price and quantity, and click the button to close the position. If it is not executed immediately, it will be displayed in the open orders list. The close position order can be revoked, and you can immediately close the position without entering the price if you choose the flash close button.

6.  The following text is about LEX Futures Fund Fee

Introduction of Funding Fee

Funding fee is the core operating mechanism of LEX Futures.The setting of the fund fee aims to ensure that the transaction price of the LEX Futures closely follows the underlying reference price through the regular exchange of fund rate between the long and short parties.

7.  The following text is about LEX Futures Leverage and Risk Management

Forced liquidation of cross margin mode

Cross margin mode account equity (excluding isolated margin and unrealized profit and loss of isolated margin mode) maintenance margin, that is, when the margin ratio=100%

Maintenance margin = maintenance margin rate * position value (hedge positions are calculated based on positions with large equity)

Forced liquidation of isolated margin mode

Margin of isolated margin mode + unrealized profit and loss maintenance margin, that is, when the margin ratio = 100%

In order to minimize the user's losses due to liquidation and maintain positions, LEVEREX uses a method of gradually deleveraging for risk management.

When a risk occurs, take the following actions:

  1. Canceling the order, the isolated margin mode only cancels the opening and closing orders of this transaction for this position; all the orders for opening and closing positions in cross margin mode will be cancelled (including the part of the order for opening and closing positions by isolated margin mode)
  2. Netting, remove the hedge position order of all trading pairs (isolated margin mode not included)
  3. Deleverage, according to the position tier, reduce 2 tiers each time (isolated margin mode not included)
  4. When the position is liquidated, the remaining positions will be put flash orders in market (isolated margin mode not included)

Note :After the risk process is triggered, your transaction will be temporarily taken over by the risk control engine, and your liquidation transaction price will not be reflected in the transaction record or candlestick. Once in the risk treatment process, other operations are prohibited until the treatment is completed.

8.  The following text is about LEX Futures Risk Margin

Due to the large fluctuations in the market of cryptocurrency, and the final loss of bankruptcy cannot be traced, LEVEREX establishes a risk margin system to resist the risk of liquidation.

After the liquidation is triggered and completed, if the remaining assets in the account are positive, the risk margin will be injected; if the remaining assets in the account are negative, the risk margin will be paid.

Note :The order price after the liquidation trigger is affected by market fluctuations and liquidity, and the resulting risk fund may not be exactly the same as the liquidation trigger price.

9.  The following text is about LEVEREX LEX Futures Isolated Margin Mode

  1. The LEVEREX LEX Futures Isolated Margin Mode supports hedge mode
  2. User liquidation will only lose the margin allocated to this position. If it is not increased, it will only be the initial margin, which will not affect the remaining assets in the account.
  3. The LEX Futures supports the coexistence of cross margin mode and isolated margin mode. The same trading pair under the same margin currency only supports one margin mode.

For example :using LEX as margin, and 20LEX is all assets, 5 LEX allocated to BTCUSD long position,3 LEX allocated to LEXUSD long position, the profit and loss of the two positions do not affect each other, the profit and loss are calculated within the position.The liquidation of one position will not affect the liquidation of another position. The 12 LEX in the account that is not involved will not be affected by the liquidation.

Note :The user's actions such as adjusting the leverage lead to an increase or decrease in the margin. Part of the margin released by the leverage from small to large can only be transferred out manually; part of the margin required to increase the leverage from large to small can be automatically added in the account

10.  The following text is about LEVEREX LEX Futures Cross margin mode.

  1. The LEX Futures cross margin mode support hedge mode.
  2. Cross margin mode refers to the use of all balances in the account to counter risks and avoid liquidation. The profit and loss of any position of cross margin mode will be reflected in it.
  3. LEX Futures supports hedging of cross margin mode, that is the unrealized profit of position A can be used to offset the unrealized loss of position B, and multiple contract trading pairs can jointly resist risks.

For example :if ETC is used as margin, the long position of BTCUSD gains 10ETH, and the long position of ETHUSD loses 6ETH, then the equity in the ETH account is 4ETH profit

Note :For trading pairs that use BTC as margin, such as holding BTCUSD, this position is not concluded in hedging in transactions that use ETH as margin.

11.  The following text is about Estimated Liquidation Price

When the futures price reaches a certain value and the unrealized profit and loss reaches a certain level, the margin rate reaches the minimum maintenance margin rate, the maintenance margin rate is equal to the minimum maintenance margin rate, and the price is called the estimated liquidation price.

Maintenance margin rate

In order to prevent an impact on market liquidity when large positions are liquidated, LEVEREX futures implement a position tier maintenance margin rate system. That is, the larger the user's position is, the higher the minimum maintenance margin rate is, and the lower the maximum leverage that the user can select.

12.  Fund transfer

In LEVEREX transactions, the same currency can be transferred between currency accounts, futures accounts without any fees.

For example:USDT can be transferred between currency accounts, futures accounts, and can also be transferred between USDT-Margined futures accounts,such as transferring from BTC/USDT futuress to BNB/USDT futures.