1、What is a perpetual contract?
Perpetual contracts are derivatives that are traded much like traditional futures contracts. Unlike traditional futures contracts, perpetual contracts never expire, and index prices are anchored through capital rates. You can read the introduction to perpetual contracts to learn more.
2、What is the mark price?
Perpetual contracts are marked according to fair price marking. The mark price determines unrealised PnL and liquidations. The mark price reflects the current most reasonable market transaction price.
Marked price=(1+funding rate basis rate)*index price
3、How much leverage does SuperEx perpetual contract provide?
SuperEx perpetual contracts provide free adjustment of 1-150 times leverage, and the leverage ratio varies by product. Leverage is determined by your initial margin and maintenance margin levels. These levels specify the minimum margin you must hold to open and maintain a position. Leverage is not a fixed multiplier but a minimum margin requirement. You can view the minimum initial margin and maintenance margin levels for all products here.
*The initial margin is the minimum margin required to open a position, and the maintenance margin is the minimum margin required to maintain a position.
*SuperEx perpetual contract 150 times leverage will be launched soon, so stay tuned.
4、What are the trading fees?
In SuperEx perpetual contract trading, in order to encourage ordinary users and traders to provide market liquidity, as an ordinary user, the fee standards are: Maker 0.02%, Taker 0.06%.
5、How to check the contract fund rate?
Traders can see the current fund rate in the market in the "fund rate" indicator column at the head of the market quotation.
For historical rates, please refer to the history of fund rates.
6、How to calculate the PNL of the contract?
Long position = (Closing price-opening average price) * number of positions * face value;
Short position = (Average opening price-closing price) * number of positions * face value;
Floating profit and loss
Long position = (reasonable price-average open price) * number of positions * face value;
Short position = (average opening price-reasonable price) * number of positions * face value
7、How to calculate the liquidation price?
Liquidation conditions: position margin + floating PNL < = maintenance margin, liquidation will occur;
Long position: liquidation price = (maintenance margin - position margin + average open price * quantity * face value) / (quantity * face value);
Short position: liquidation price = (average opening price x quantity x face value-maintenance margin + position margin) / (quantity x face value).