Overview
1. Introduction to "Copy by Position Ratio" Mode
2. How to Copy by Position Ratio in Perpetual Futures and Binance Futures Copy Trading?
3. How to View Copy Trading Details and Modify Copy Settings?
4. FAQs on Binance Futures Copy Trading
5. FAQs on Copy by Position Ratio in Perpetual Futures Copy Trading
6. General FAQs
1. Introduction to "Copy by Position Ratio" Mode
BingX Perpetual Futures Copy Trading and Binance Futures Copy Trading both allow users to copy traders by position ratio. "Copy by position ratio" means that whenever a copier copies a trader, the ratio of the order margin to the copier's copy trading funds is the same as the position ratio of the trader. The margin for each copied order is calculated based on the ratio of the trader's margin to net account assets (of USDT Account). Not only does this copy trading mode allows copiers to copy trading signals, but also the trader's real position ratio. Copiers can achieve an ROI approximate to that of the trader's account.
Advantage: The position ratio of copiers and the trader is consistent, i.e. the risk of their positions is closely aligned. This mechanism keeps the risks of positions under "copy by position ratio" mode at a relatively lower level. In the long run, traders can better help copiers in risk control and profit management.
E.g., if the trader's Copy Trading account has net assets of 1,000 USDT and uses 30% of the fund, i.e., 300 USDT, with leverage of 5X to open long BTC/USDT, the copiers will also use 30% of their fund (suppose 100 USDT), that is, 30 USDT 5X to buy long BTC/USDT.
2. How to Copy by Position Ratio in Perpetual Futures and Binance Futures Copy Trading?
Step 1: On the "My Assets" page, deposit or transfer funds to your Fund Account, Futures Account or Copy Trading Account (Please note that currently BingX only supports USDT for Copy Trading, so please deposit or transfer USDT).
Step 2: Go to the homepage of the trader you want to copy (How to Choose a Trader >>).
Step 3: On the trader's homepage, click "Copy Now" and you'll be directed to the Copy Settings page.
Enter the "Margin". If you have an available subsidy voucher, you can select one to use it.
Copy trader's positions immediately
If this is turned on and if the trader holds any open position, you will copy the trader's position in proportion immediately regardless of the trader's open price. If this is turned off, you will only start to copy when the trader opens a new position for futures trading.
Copiers can view the trader's homepage or go to the trader's Feed and leave comments to consult the trader on whether they should turn on the "Copy trader's positions immediately" feature.
TP/SL
Copiers can set the TP/SL for the copy relationship. Your copying of the trader will stop automatically once the TP/SL setting is triggered, and the copy trading funds will be returned to your Fund Account.
Click "Copy Now" to start copying the trader.
3. How to View Copy Trading Details and Modify Copy Settings?
Go to the Copy Trading homepage and click on "My Trades".
- You can view your copy trading earnings, as well as details of all current copy orders and trade history.
In the "Current Orders" section, look for the trader you want to view or modify the corresponding copy settings. Click on the arrow button to the right of the trader's icon to view the details.
- You can view details of a specific copy relationship, such as copy trading earnings, current positions, and trade history.
- You can modify copying settings, add/reduce copy trading funds, edit TP/SL, and cancel copying a trader.
4. FAQs on Binance Futures Copy Trading
Copy Trading Fee Rates
Binance Copy Trading Fees: 0.05% (applies to both opening/closing a position). Funding rates will be based on real-time market conditions.
Copy Trading Spread and Forced Liquidation
The spread will be determined by the trading market of the external platform, as all trading activities happen there. This also applies to the forced liquidation rules.
Trading Limits
For transactions executed on the external platform, all limits such as leverage limits, minimum trade size, and maximum position will follow the external platform. BingX does not impose additional limits on leverage, max. shared orders daily, max. position, etc.
For transactions executed on the external platform, all limits such as leverage limits, minimum trade size, and maximum position will follow the external platform. BingX does not impose additional limits on leverage, max. shared orders daily, max. position, etc.
Referral Commission
Trading Fee Eligible for Commission = 0.05% * Trading Volume (Applies to both position opening and closing)
Commission = Trading Fee Eligible for Commission * Referral Commission Ratio
Example:
User A refers User B, User B copies a trader that trades via Binance API. After some time, User B’s opening position is 1,000,000 USDT while closing position is 1,000,000 USDT. If User A belongs to the Lv 1 category with a commission ratio of 10%, then calculations are as follows:
Trading Fee Eligible for Commission = 0.05% * (1,000,000 +1,000,000) = 1,000 USDT
User A’s Commission = 1,000 USDT * 10% = 100 USDT
Please Note:
Since all trading fees are collected by the external platform, the referral commission will not be calculated based on the actual trading fees;
5. FAQs on Copy by Position Ratio in Perpetual Futures Copy Trading
Copy Trading Fee Rates
Perpetual Futures Copy Trading fee rates are consistent with the Futures Trading fee rates. Click to view details.
Copy Trading Filled Price
Copiers' orders are executed at market price to ensure that they can successfully copy the trader's position. Due to factors such as filled time and market depth, there may be a difference between the trader's filled price and the copier's filled price. Click to learn more
Forced Liquidation
Forced Liquidation Trigger Logic: Account Equity ≤ Maintenance Margin + Position Closing Fee
Account Equity = Account Balance + Sum of Unrealized PnL for All Positions
Maintenance Margin = Sum of (Position Amount for All Trading Pairs * Mark Price) * Maintenance Margin Rate, where the Maintenance Margin Rate = 0.5%
Position Closing Fee = Sum of (Position Amount for All Trading Pairs * Mark Price) * Position Closing Fee Rate
Copy Trading Range
Due to market liquidity and other issues, certain trading pairs are supported in Perpetual Futures Copy Trading only. Click to view more
6. General FAQs
Why is the Margin Used for a Copy Order So Small?
The "copy by position ratio" mode (Binance Futures Copy Trading and Perpetual Futures Copy Trading) is essentially to copy traders' position ratio. If the trader that you copy holds a large amount of assets in his/her copy trading account and invests a small margin in a trade, the position ratio (margin-to-net assets ratio) is low and your margin used for the corresponding copy order will also be small.
E.g., if the trader holds 10,000 USDT in his/her copy trading account and only invests 100 USDT in a trade, his position ratio will be 1%. In this case, if your Copy Trading Funds is 100 USDT, the copied order will be opened with a margin of 1 USDT.
How to Withdraw Profits from Copy Trading?
Profits generated from copied trades (Perpetual Futures & Binance Futures) will be used as copy trading funds to continue to copy the trader and can be withdrawn after you stop copying the trader.
Why is My PnL Different From the Trader?
Differences in trading time or delays in third-party platform services can result in price discrepancies between you and your trader, leading to variations in your respective PnL.
Why Do Copiers Incur Losses While the Trader Makes Profits?
If the trader invests a high proportion of his funds with high leverage in less popular cryptocurrencies, it is possible that the trader makes profits while copiers incur losses.
Reason: The opening price, closing price and PnL ratio of copiers may differ from the trader as a result of objective factors such as market fluctuations and market depth. In extreme market conditions, these differences can widen and lead to profitable trades for you but losses for your copiers.
If a trader employs strategies such as hedging, grid trading, Martingale strategy, or high-frequency trading, it is possible for the trader to make profits while copiers incur losses.
Reason: The above types of strategies require traders' and copiers' positions to be strictly aligned. Due to objective factors such as market fluctuations and depth, the positions may be misaligned, resulting in losses for copiers.
Reason: The above types of strategies require traders' and copiers' positions to be strictly aligned. Due to objective factors such as market fluctuations and depth, the positions may be misaligned, resulting in losses for copiers.
Why Was My Copied Order Closed While the Trader Didn't Close the Order?
If a trader makes a large deposit while holding open positions, it can result in reduced or even closed positions for the copiers.
Reason: In "copy by position ratio" mode, the position ratio of traders and copiers is aligned. When a trader makes a substantial deposit while holding positions, it lowers the trader's position ratio. The copiers' position will then be automatically aligned with the trader, resulting in a reduction or even closing of the copiers' position.
Reason: In "copy by position ratio" mode, the position ratio of traders and copiers is aligned. When a trader makes a substantial deposit while holding positions, it lowers the trader's position ratio. The copiers' position will then be automatically aligned with the trader, resulting in a reduction or even closing of the copiers' position.
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2023-10-07
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