Futures Bonus and Credit are coupons that can be used to directly trade perpetual futures. Profits can be withdrawn and transferred, while losses are borne by Coinstore (for Futures Bonus, Coinstore bears all; Futures Credit, a part).
Futures Bonus or Credit cannot be used cumulatively. Bonus or Credit position can only be 100% opened or closed - the limit amount can’t be adjusted.
You can hold only one Bonus or Credit position at one time. A reverse order the same as the Bonus or Credit open position asset can’t be opened; orders the same as the assets Bonus or Credit supports can’t be placed. “Specified pairs” position might not be opened considering the platform’s liquidity.
| Bonus | Credit | |
|---|---|---|
| Principle | ❌ | ✅ |
| Automatically close | ✅ | ❌ |
| Reuseful | ❌ | ✅ |
Futures Bonus
Futures Bonus can be used to place orders at limit or market price without traders providing funds. There are restrictions on the maximum leverage and available pairs. The position margin is the face value of Bonus. Bonus positions have an validity period - after which the position will be automatically closed at market price.
Futures Bonus cannot be reused within the validity period.
Futures Credit
A certain proportion of fund in Futures account is needed when placing an order with Future Credit which also subjects to maximum leverage and specified pairs. The position margin is composed of [Credit’s face value + users’ fund]. A Credit position will not be automatically closed even if the Credit expires, unless the position being closed manually/triggering the automatically SL reaching the maximum loss amount/user cancelling the Credit.
Futures Credit can be reused within the validity period after one position closed. You can open different positions among specified pairs.
Tips
- The available balance of Futures Main Account needs be greater than or equal to the [funding ratio * Credit face value] - this part fund of will be transferred to Bonus & Credit Account when opening a Credit position.
- TP/SL is not supported for Credit positions.
- If one of a user’s several Credits had been used to open a position, the user needs to cancel that Credit before using a different one (how to cancel a Credit).
Example:
- Funding Ratio 1:4 - the available balance of Futures Main Account needs be greater than or equal to 10*1/2 = 5USDT which will be the position margin together with 10USDT face value.
- Maximin loss amount (2USDT): when the floating PnL of the position is negative, user's fund will be deducted first, then the Credit. If the loss continues, an automatic SL will be triggered. For a credit position, “Liquidation Price” is actually the SL trigger price.
When the automatic SL is triggered, you can check position details in [PNL History].
By the time a Credit position is opened, so is a SL order to make sure the Credit loss of no more than 2USDT, which will not be shown in [Open Orders] but [Order History].
-
Fees will be deducted from users’ fund. Notional value = (Credit face value + users’ fund - fee) * Leverage