Dear BingX Users,
To provide better services, BingX will update the adjustment factors for some trading pairs in Standard Futures, which will be finished before 2023-10-18 21:00 (UTC+8). Historical positions will not be affected.
In contrast to the past where the adjustment factor was uniformly set at 10% (that is, forced liquidation will be triggered when the remaining margin dropped to 10%), this upgrade will effectively differentiate the risk of negative equity caused by liquidation for different leverages, and prevent it in a more scientific and reasonable manner.
Affected Trading Pairs: LOOM/USDT, BIGTIME/USDT, WSM/USDT, ORBS/USDT and BOND/USDT.
Detailed Parameters:
|
Tier
|
Max. Leverage
|
New Adjustment Factor
|
|
Tier 1
|
5x
|
5.00%
|
|
Tier 2
|
10x
|
10.00%
|
|
Tier 3
|
15x
|
12.00%
|
|
Tier 4
|
20x
|
12.00%
|
|
Tier 5
|
25x
|
15.00%
|
|
Tier 6
|
30x
|
15.00%
|
|
Tier 7
|
35x
|
15.00%
|
|
Tier 8
|
40x
|
15.00%
|
|
Tier 9
|
45x
|
15.00%
|
|
Tier 10
|
50x
|
15.00%
|
|
Tier 11
|
100x
|
20.00%
|
|
Tier 12
|
150x
|
25.00%
|
The Adjustment Factor is designed to prevent users from negative equity and represents the proportion of the remaining margin to the initial margin required to maintain the position. For example, if the adjustment factor is set at 10%, it means that the position will be forced liquidated when the remaining margin decreases to 10% of the initial margin. The lower the adjustment factor, the less likely it is to trigger forced liquidation. On the contrary, the higher the adjustment factor, the more likely it is to trigger forced liquidation. Therefore, it is recommended to choose leverage wisely and control trading risks when trading stock assets.
You can also check the real-time adjustment factor information here: https://bingx.com/tradeInfo/futures-trade-info/?type=futures-adjust-coefficient&pair=LOOM-USDT
Thank you for your support!
BingX Operation Team
2023-10-16