What is the Futures Trial Fund?
CoinEx Futures Trial Fund can be used as margin for Futures Trading and to offset position losses. It is designed to help users experience Futures Trading in a real market environment and gain a better understanding of the trading processes and risk characteristics of futures products.
In Futures Trading, investors can profit by going long when prices rise or by selling short when prices fall. Actual profit or loss is determined by the difference between the opening and closing prices and is amplified based on the selected leverage ratio.
How to Use the Trial Fund for Futures Trading?
1. Select market: In the market list, choose the futures market you wish to trade, such as BTCUSDT.
2. Set leverage: Select a suitable leverage ratio. Please exercise caution as excessive leverage increases the risk of liquidation.
3. Confirm order details: Choose the direction (buy or sell), enter the amount, and click Buy/Long or Sell/Short.
4. View position details: Once your order is filled, you can check the profit and loss details under “Current Positions”. When the profit reaches the preset parameter, the system will automatically close the position to take profit.
5. Claim your profit: When the trial fund status becomes “Used”, click [Eligibility]. If all requirements are met within the validity period, profits will be automatically credited to your Spot Account.
FAQ
1. Can I use multiple Futures Trial Funds at the same time?
No. Only one Trial Fund can be active at a time. The next Trial Fund will only take effect after the current one has been fully used and its net profit has been claimed.
2. Why can’t I open a position while using the Trial Fund?
The Trial Fund has a limit on the number of positions you can open. Each open and close increases the count by one. If the limit is exceeded, you will be unable to open further positions.
3. Why is my position automatically closed after placing an order with the Trial Fund?
Your position may be automatically closed by the system due to the following reasons:
(1) Being closed upon expiry: When the position reaches its expiry time, the system will close it at market price in real-time, while the realized PNL will be added to “Withdrawable Profits”.
(2) Take-profit triggered: When the profit of the position reaches the take‑profit setting specified in the Trial Fund rules, the system will automatically close the position at market price in real-time.
(3) Forced liquidation triggered: When the mark price reaches the liquidation threshold, the system will trigger forced liquidation and close the position.
4. When is the Trial Fund considered fully used?
The Trial Fund will be considered fully used when any of the following conditions are met:
(1) The specified number of position openings has been reached, and all positions have been closed.
(2) If positions have been opened before the use period but the maximum holding duration has been reached, the Trial Fund will be considered fully used.
5. Why can't I claim my “Withdrawable Profits”?
You can claim profit only after the Trial Fund has been fully used (status shows Used) and all conditions have been met before the deadline. Once all conditions are satisfied, the profit will be automatically credited to your Spot Account.
You can check whether the requirements have been met in the [Trial Fund’s Eligibility] > [Reward Allocation].