How to Multiply Profits When the Price Goes Up?
Assume you hold 2,000 USDT. With 10x leverage, you can buy 1 BTC in the BTCUSDT futures market.If the price of BTC rises from 95,000 USDT to 100,000 USDT, you can sell 1 BTC for a profit. The profit calculation is as follows:
1 * (100,000 - 95,000) = 5,000 USDT
If you only use your own 2,000 USDT for Spot Trading, you can only make a profit of 500 USDT. However, using 10X leverage for futures trading yields 10 times the profit.
| Position Size | Entry Price | Exit Price | PNL |
| 1 BTC | 95,000 USDT | 100,000 USDT | 5,000 USDT |
Note: Calculations exclude premiums, margin fees, trading fees, and funding rates for simplicity.
Step-by-Step Guide: Open a Long Position with 10x Leverage under Cross Margin (BTCUSDT)
1. Pre-Trade Setup
(1) Log in to your CoinEx account:
Visit CoinEx's official website (https://www.coinex.com), log in to your account, and select [Futures Markets] under [Futures] in the top navigation bar.
(2) Choose the trading pair and transfer assets:
Click [Linear Contract] and choose the BTCUSDT trading pair. Click the "Transfer" button, set the transfer direction (from [Spot] to [Futures]), confirm the coin type, enter the amount, then click [Confirm].
(3) Set margin mode and adjust leverage:
Click the [Cross] button, set margin mode as [Cross], select [10X] leverage, then click [Confirm].
2. Open a BTC long position
(1) Take the limit order as an example, set the [Price] and [Amount], then click [Buy/Long] to submit the order.
Note: You can also click on [TP/SL] to set Take-Profit and Stop-Loss prices when opening a position. After successfully opening a position, the Take-Profit and Stop-Loss orders will be set automatically.
(2) You can check position details in [Current Position] after the order is executed.
3. Sell BTC to close the long position when the price rises to the expected level
(1) Option 1: Close position in the order placement section
Take a limit order as an example, set the [Price] and [Amount], then click [Sell/Short] to submit the order. Your position will be closed when the order is filled.
Note: When closing a position using a limit order, ensure the order quantity does not exceed the current position size. If it does, executing the order will create a position in the opposite direction.
(2) Option 2: Close the position via [Current Position]
Take a limit order as an example, click [Close] in [Current Position] and switch to [Limit], set the [Price] and [Amount], then click [Confirm] to submit the order. Your position will be closed when the order is filled.
(3) Option 3: Use [Liquidate] or [TP/SL] to close the position
In the bottom right corner of the page, select "Liquidate" or "TP/SL" to close a position.
Note:
- The “Liquidate” feature does not support partial position closing.
- When [Liquidate] or [TP/SL] is applied, the system will use an Auction-style Liquidation Strategy to close the position. For more details, please refer to Introduction to Auction-Style Liquidation Strategy and Introduction to Futures Take-Profit and Stop-Loss (TP/SL).
Risk Reminder
Futures trading presents the opportunity for significant profits with a smaller initial investment. However, if the market direction is incorrectly assessed, losses can also be magnified. Therefore, traders should exercise caution and avoid high-leverage trades to prevent liquidation or negative balances.