How to do Coin-margined Perpetual Contract Trading Tutorial on MEXC Exchange Webpage?
- Log in to MEXC website https://www.mexc.com through the webpage and click on “Derivatives” — “Futures” to enter the transaction page.
2. Please browse the MEXC Futures page carefully to know the contents of each section of the information, including contract information, trading pairs, price information, positions and order information, depth, wallet, etc. At the same time, contract information is at the lower left of the market information section, and enumerate the problems and index information that you often have in the transaction, so that you can check it at any time.
*Click the [Swap oder] and [Contract information] to get the details.
3. Trading
3.1 Choose trading type: coin-margined perpetual contract. The coin-margined contracts are perpetual contracts with corresponding digital assets as margin. Currently, the coin-margined contract has opened BTCUSD and ETHUSD trading pairs, and more trading pairs will be opened in the future, so stay tuned. The following will take the coin-margined perpetual contract BTCUSD as an example.
3.2 Asset transfer: if the current available assets are insufficient, click [Transfer] in the lower right corner to transfer the assets from spot account to the contract account. If the current available assets are insufficient and the spot account still has no assets, you can choose deposit or fiat currency trading.
3.3 Place order: enter “price and amount” and select leverage, then click “Buy Long or Sell Short” to place order
4. Leverage multiple
Different products with different leverage multiple and MEXC now support the max. leverage up to 125x. The leverage is determined by the initial margin and maintenance margin, which determines the minimal amount of the coin for positions opening and holding. Users can check the minimal initial margin and maintenance margin of each product.
*At present, leverage change is available on both long and short positions. Users can change any leverage on cross mode.
How to change the leverage?
For example The long position is 20x, and the short position is 20x. To decrease the risk of long and short hedging, the user plans to adjust the leverage of short position from 20x to 5x.
Please click “Short 20X” and adjust the leverage to the planned 6x, and then click “OK”. Then the leverage of the position is 5x.
5. Cross Margin
Cross margin refers to the use of all available balance in the account as margin to avoid liquidation. Any other position that has achieved profitability can help increase the margin on the loss position.
The cross margin includes the initial position margin and available balance. Using the full position mode, the available balance of the user’s loss under the cross positions mode will not be used as the margin for other cross positions. At present, MEXC supports to change the positions from isolated to cross mode, and cross mode to isolate mode is not available.
6. Isolated Margin
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. Margin for isolating a certain position, you can limit the loss in this position to the initial margin when your short-term speculative trading strategy fails.
Users can manually add a margin for isolated positions to optimize the liquidation price. After a margin is increased for a position, if the user adjusts the leverage, the previous margin will be reset.
*The system default is isolated.
Note: at present, MEXC supports to change the positions from isolated to cross mode, and cross mode to isolate mode is not available.
[Change leverage multiplier under the isolated position mode]
Different leverage multiplier modification is available in both long and short positions, in which users can change any leverage multiplier under the isolated position mode.
[How to change]
For example, the current position is 20x long for BTCUSDT contract, if you want to change cross to isolate, you need to click [Buy long.20X] first, then click [Cross], finally click [Confirm] to change it.
7.Buy/Long and Sell/short
7.1 Buy/Long
If the trader judges that the market price will rise in the future, he will buy a certain number of contracts.
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”
7.2 Sell/short
If the trader judges that the market price will fall in the future, he will short and sell a certain number of contracts.
Sell/short is actually selling the contract at the right price, waiting for the market price to fall and then buying (closing) to earn the difference, referred to as “sell first and then buy”.
If you have read the above tutorial, congratulations, you have completed the first transaction!
8.Order
MEXC contract support different orders to meet the various needs of traders.
8.1 Limit orderLimit order allows users to set an order price, and the order will be executed at the order price or a price better than the order price.
8.2 Market orderThe market order will be traded at the best price currently available in the order list at the time, and there is no need to set the price by yourself, which can make the order quickly traded.
8.3 Post only
Orders placed under th ese strategies will not be immediately traded in the market, ensuring that users will always be Makers and enjoy the benefits of trading fees as a liquidity provider when they are traded; at the same time, if the order is traded with an existing order, then the order will be cancelled immediately.
8.4 Immediate or Cancel Order (IOC)
If the order cannot be executed all, the remaining portion of the order will be cancelled.
8.5 A Market-to-Limit (MTL) order
A Market-to-Limit (MTL) order is submitted as a market order to execute at the current best market price. If the order is only partially filled, the remainder of the order is canceled and re-submitted as a limit order with the limit price equal to the price at which the filled portion of the order executed.
8.6 Profit-taking and stop-loss
MEXC Futures supports setting profit-taking/loss-taking price when opening position.
If you need more information about the calculations, use the “Calculator” in our trading page.
