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 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.
Contract Realized PnL:
Realized PnL is profit and loss for closed positions.
Buy (Long): Contract Realized PnL = (Average Close Price - Average Open Price) * Quantity * Contract Multiplier.
For example, if some user opened 100 contracts long 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 = (1600 - 800) * 0.0001 * 100 = 8 USDT.
Sell (Short): Contract Realized PnL = (Average Open Price - Average Close Price) * Quantity * Contract Multiplier.
For example, if some user opened 100 contract short 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 = (800 - 1600) * 0.0001 * 100 = - 8 USDT.
Contract Unrealized PnL:
Unrealized PnL is profit and loss for unclosed positions.
Buy (Long): Contract Unrealized PnL = (Latest Price – Average Open Price) * Position Size (Num of Contracts) * Contract Multiplier.
For example, if some user opened 100 contract long at an average open price of 500 USDT and the latest price is 600 USDT, Then the unrealized PnL = (600 - 500) * 100 * 0.0001 = 1 USDT.
Sell (Short): Contract Unrealized PnL = (Average Open Price – Latest Price) * Position Size (Num of Contracts) * Contract Multiplier.
For example, if some user opened 100 contract short at an average open price of 500 USDT and the latest price is 600 USDT. Then the unrealized PnL = (500 - 600) * 100 * 0.0001 = -1 USDT.