Keywords: account equity, realized profit and loss,
unrealized profit and loss, position margin, used margin, free margin, frozen margin
- Balance
Balance = Deposit - Withdrawal + Realized Profit and Loss - Funding Rate - Handling Fee
Which is, the actual remaining total assets of the contract account
- Account equity
Account equity = Balance + Unrealized Profit and Loss
- Realized Profit and Loss
The realized profit and loss is the profit and loss from the position that the user has closed before the contract is settled.
- Unrealized Profit and Loss
Unrealized profit and loss is the profit and loss generated by the user's current position, also known as floating profit and loss.
- Position Margin
Position Margin = Initial Margin + Unrealized Profit and Loss + Adjusted Margin during the position
- Used Margin
Used Margin = Σ Margin for all positions
- Free Margin
Free margin = Account Equity - Used Margin - Frozen Margin
- Frozen Margin
Frozen Margin = Σ(Order Amount / Leverage) + Taker Fee
- Margin Level
Initial Margin = Position Amount / Leverage
Cross Margin: Margin Level = (Available Balance + Fixed Margin + Unrealized Profit and Loss) / Position Amount
Isolated Margin: Margin Level = (Fixed Margin + Unrealized Profit and Loss) / Position Amount
When Margin Level <= Maintenance Margin Rate + Taker Fee Rate，Forced Liquidation will occur.
It is strongly recommended that traders close positions above the maintenance margin rate to avoid higher costs caused by forced liquidation.
(During the open beta period, the maintenance margin rate is 0.5%, and it will be adjusted in steps in the future.)
BingX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice.
Risk Warning:
Trading digital assets and their derivatives is highly leveraged and risky and may result in partial or total loss of account funds. Before conducting spot/contract trading, investors must ensure that they understand the nature and rules of spot/contract trading, and decide whether to participate in spot/contract trading based on their investment experience, goals, financial status, and ability to bear risks.
BingX Operation Team
2021/07/17