1.Account Structure
Currently, only cross-margin mode is available; full-margin mode is not available at this time.
Under "cross margin mode," every position’s margin will be independent from other positions.
Glossary:
Transfer: Transfer cash among accounts (spot, options, futures).
Margin: The margin used for the position is your initial margin.
Order Margin: Margin for unfilled orders, including fees and position margin.
Realized PnL: Profit and loss gained by closing positions It can be used as margin or transferred to other accounts.
Unrealized PnL: Current profit and loss for all holding positions on this contract.
Direction: Buy (Long) or Sell (Short)
Leverage: Actual leverage for the current position
Position: Number of contracts opened
Position Value: Contract Multiplier * Position / Latest Price
Position Margin: Margin for the position, frozen It will move with the market. You can add or remove margin at any given time.
Average Price: The average price for opening the position
Liquidation price: the price at which the position will be forcedly liquidated.
Margin Rate: Position Margin / Position Value
Index Price: Token index price (weighted average price of several leading markets).
Unrealized PnL: Profit and loss for all current holding positions. Note: This unrealized PnL is only for the current position, not for all positions.
The section on the right is used for closing positions. Closing types are: Market order, Limit Order, Opponent Price, Queue Price, Over Price. For detailed information regarding order types, please see order management.
2. PnL Calculation
A user can open or close positions according to the market trend at their own will at any given point in time.
Contracts Realized PnL:
Realized PnL is profit and loss for closed positions.
Buy (Long): Contract Realized PnL = (Contract Multiplier / Average Open Price - Contract Multiplier / Average Close Price) * Quantity.
For example, if some user opened 100 BTC long contracts at an average open price of 800 USDT/BTC, then closed the position at an average close price of 1600 USDT. Then the realized PnL for this position = (1 / 800 - 1 / 1600) * 1 = 0.0625 BTC.
Sell (Short): Contract Realized PnL = (Contract Multiplier / Average Close Price - Contract Multiplier / Average Open Price) * Quantity.
For example, if some user opened a 100 BTC short contract at an average open price of 800 USDT, then closed the position at an average close price of 1600 USDT/BTC. Then the realized PnL for this position = (100 / 1600 - 100 / 800) * 1 = -0.0625 BTC.
Contract Unrealized PnL:
Unrealized PnL is profit and loss for unclosed positions.
Buy (Long): Contract Unrealized PnL = (Contract Multiplier / Open Price - Contract Multiplier / Latest Price) * Position.
For example, if some user opened a 6 BTC long contract at an average open price of 500 USDT and the latest price is 600 USDT. Then the unrealized PnL = (1/500 - 1/600) * 6 = 0.002 BTC.
Sell (Short): Contract Unrealized PnL = (Contract Multiplier / Latest Price - Contract Multiplier / Open Price) * Position.
For example, if some user opened a 1 BTC short contract at an average open price of 500 USDT and the latest price is 600 USDT. Then the unrealized PnL = (1/600 – 1/500) * 6 = -0.002 BTC.