1. Cross Margin Mode
Every user has a futures account to manage all the funds involved in USDT futures trading.
Funds can be freely transferred between "Spot Account". However, if you are holding futures contract positions, certain amount of your futures account will be kept on hold as margin, which cannot be withdrawn before delivery. For example, your equity balance is 10 USDT and the margin for your contracts is 2 USDT. The amount you will be able to move will be 8 USDT. The realized profit and loss also cannot be transferred out of the futures account before delivery / settlement.
futures account consists of equity, deposit, RPL and UPL.
Equity = Balance + RPL + UPL. It equals to all the assets in your account.
Balance: margin of your futures account, it is also the amount transferred from your spot account. After settlement, your RPL will be added to your balance.
Realized PL: realized profit and loss. The profit / loss generated by closing a position before settlement.
Unrealized PL: unrealized profit and loss. The profit / loss generated by a position that has yet to be closed.
Margin: the collateral required for holding all current positions. The required margin varies according to the price and number of positions held.
|
Number |
Term |
Description |
|
1 |
Equity |
The total sum of assets in your account, which is Balance + RPL + UPL |
|
2 |
Balance |
The collateral deposited to the account (can be transferred from Spot accounts). After settlement, your RPL and UPL will be credited here too. |
|
3 |
Realized P/L |
The profit and loss of the closed positions since the last settlement (08:00 UTC daily). |
|
4 |
Unrealized P/L |
The profit and loss of the open positions since the last settlement (08:00 UTC daily). |
|
5 |
Avail. Margin |
The margin available for opening positions, which is = Equity - required Maintenance Margin - Margin on Hold |
|
6 |
Used Margin |
The margin used for open positions = Maintenance Margin + Margin on Hold |
|
7 |
Order Margin |
Margin withheld for open orders |
|
8 |
Margin Ratio |
A risk indicator for the account, which is Equity / (Position Value + Margin on Hold x Leverage） |
|
9 |
Maintenance Margin Ratio |
The lowest possible Margin Ratio for maintaining the current positions. Full will occur if Margin Ratio is lower than Maintenance Margin Ratio+ Liquidation Fee Rate. |
|
Number |
Term |
Description |
|
1 |
Open Position ( contract) |
The Number of contracts open. |
|
2 |
Avail. Cont |
The Number of contracts closable, which is Number of contracts open - Number of contracts frozen |
|
3 |
Margin |
Face Value x Number of contracts x Latest Mark Price / Leverage |
|
4 |
PL |
Profit of the current Open Position, including the RPL and UPL settled and credited to Balance. |
|
5 |
PL Ratio |
Profit/initial margin |
|
6 |
Avg. Price |
The average cost of opening the position, which will not vary with settlement and accurately reflects the cost of opening this position |
|
7 |
Setl. Price |
The price used to calculate the UPL. The price will be adjusted every day during settlement. However, such adjustment does not affect users’ actual profit. |
|
8 |
Liquidation Price |
The price that, when used as Latest Mark Price in the calculation of the Margin Ratio, makes Margin Ratio equal to the required Maintenance Margin Ratio+ Liquidation Fee Rate. When the Mark Price reaches this price, Full Liquidation occurs. |
|
9 |
Settled Earnings |
The profit that credited to your balance from the settlement procedure. |
|
10 |
Unrealized P&L |
The profits or losses of your open positions. All UPL will be settled and credited to user balance at settlement every day. Then the UPL will be reset. Long position：（latest mark price-settlement reference price）x number of contracts xface value Short Position：（settlement reference price - latest mark price price）x number of contracts x face value |
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