1. What are perpetual futures?
A perpetual futures contract is a cryptocurrency derivative similar to leveraged spot trading. Users can choose to buy long or sell short by predicting the change in price and gain from it. Unlike traditional futures contracts, perpetual futures contracts do not have settlement dates, and the index price is anchored by the funding rate.
For more information, please refer to >>Introduction to KCEX Perpetual Futures
2. What is a mark price?
The mark price is used to calculate the unrealized PNL and liquidation price in futures trading. The mark price reflects the most reasonable price in the market.
3. How much are futures trading fees?
To encourage liquidity provision from regular users and traders, the trading fees for regular users are 0% for Maker and 0.02% for Taker.
4. How do I check the futures funding rate?
Traders can find the current market funding rate in the “Funding Rate” section located in the chart's header.
5. How to calculate futures PNL?
Closing PNL:
For USDT-M Futures:
Long Position = (Exit Price - Average Entry Price) * Positions Size;
Short Position = (Average Entry Price - Exit price) * Positions Size.
Floating PNL:
For USDT-M Futures:
Long Position = (Mark Price - Average Entry Price) * Positions Size;
Short Position = (Average Entry Price - Mark Price) * Positions Size.
6. How to calculate liquidation price?
Liquidation will occur if the sum of Position Margin and Floating PNL is less than or equal to Maintenance Margin. The following formulae exclude the impact of trading fees.
For Long Position:
Liquidation Price = (Maintenance Margin - Position Margin + Average Entry Price x Quantity x Positions Size) / Positions Size.
For Short Position:
Liquidation Price = (Average Entry Price x Positions Size - Maintenance Margin + Position Margin) / Positions Size.
For more detailed information, please refer to >>> Liquidation & Risk Limits.
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The KCEX Team