1. Login 

Visit MXC official website https://www.mxc.ai and select [perpetual swap] under the [Futures] menu to do real contract trading. 

 

2. Please learn the swap interface carefully. It mainly includes: contract information, trading pairs, price information, position and order information, depth picture and limit / Stop-limit order window.

3. Trading

(1) MXC Swap includes USDT swap and inverse swap. Literally, USDT swap takes USDT as margin, while inverse swap takes the corresponding cryptocurrency as margin. Users can trade either of them according to demand. 

(2) Asset Transfer. If the contract balance is insufficient, users can transfer the asset from spot account to contract account. If there’s insufficient balance in spot account, users can deposit or do OTC trading. 

 (3) Place order at the order window and click [Buy]

 4. Leverage 

MXC perpetual contract provides 1 – 125x leverage. The leverage multiplier is different based on the specific product. The leverage multiplier is determined by initial margin and maintenance margin, and the leverage multiplier determines the minimum asset required to open or maintain a position. You can check the minimum initial margin and maintenance margin required for all contract products here. 

*MXC Swap now supports users to modify leverage multiplier in both long and short direction under isolated margin mode. 

[How to modify multiplier]

For example, the leverage multiplier for a user’s long position is 20X and the short position is 100X. To lower hedging risks, the user wants to adjust the 100x short position to 20x.

 Click [Short 100x] and adjust the leverage multiplier you prefer. Here we adjust it to 20X and click [OK]

 After adjustment, the leverage multiplier for the short position turns to 20X.

 5.  Cross margin

The cross margin refers to the use of all available balances in the account as margin to avoid forced liquidation. Any other position that has achieved profit can also be margin for losing positions.

The cross margin includes the initial margin and available balance of the contract account, and the losing balance will not be margin to other cross positions. MXC contract now support the adjustment from isolated margin to cross margin, but not from cross margin to isolated margin. 

6. Isolated Margin

Under isolated margin mode, even if the position is liquidated, the maximum loss will only be the position’s initial margin and the added margin. The availble balance will not be used as margin. Therefore, if the investing strategy is wrong, isolated margin mode will limit your loss. 

Users can add margin manually to increase/decrease the liquidation price. If a user adjust the leverage multiplier after adding margin, the margin added will be reset. 

*By default the perpetual contract is under isolated margin mode. Click [Cross] to turn the contract into cross margin mode. 

*MXC contract now support the adjustment from isolated margin mode to cross margin mode, but not vice versa. 

[How to adjust?]

MXC Contract supports users to adjust leverage multiplier in either long or short direction simultaneously. Users can adjust to any leverage multipliers under the isolated margin mode. 

For example, if a user’s hold 20x long for BTCUSDT swap in isolated mode, and he wants to adjust the isolated mode into cross margin mode. He can first click [Long 20x], and then [Cross], at last [Ok]. 

 7. Open Long/Short

(1) Open long

If the trader judges that the market price will rise in the future, he can buy long of the contract.

Buy/long is actually buying the contract at the right price, waiting for the market price to rise and then selling (close position) to earn the difference, similar to the spot transaction, referred to as “buy first and then sell”

(2) Open short

If the trader judges that the market price will fall in the future, he can sell short of the contract.

Open short is actually selling the contract at the right price, waiting for the market price to fall and then buying to earn the difference, referred to as “sell first and then buy”.

 

8. Order type

MXC Contract supports various order types to satisfy the trading demand of different users. 

1. Limit order

Users can place order at limit price and the order will be filled if the market price reaches the limit price. 

2. Market order

Users do not need to set price, orders will filled instantly at the best market price at the time. 

3. Stop-limit order

There’s stop price and limit price. When the market price meet the stop price, the system will put the order at the limit price. 

4. Stop-market order 

Users can set stop price. When benchmark price (market price, index price or fair price) the user selected reaches the stop price, the order will be filled at the best market price at the moment. 

5. Post Only (Maker Only)

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Post Only refers that the orders placed by the users will not be filled immediately, which enables the user alway being the maker who can enjoy the benefits as liquidity provider. 

6. Immediately or cancel

The limit have to be filled completely at the limit price. If not, the order will be cancelled. There is no particially filled. 

 

What are the advantages perpetual contract?

For example, suppose that traders A and B participate in BTC trading at the same time, A uses BTCUSDT perpetual contract, B buys spot directly (equivalent to no leverage).

The BTC price at the time of opening position is 7000 USDT, the opening value is 1 BTC, and the face value of BTCUSDT Perpetual Contract is 0.0001 BTC.

Open Long 

If the BTC price rises to 7500 USDT, we compare the earnings of A and B:

Project	A- Perpetual Contract	B – Spot Trading
Open value	7000 USDT	7000 USDT
Opening position Value	10,000 contracts (about 1BTC)	1BTC
Leverage multiple	100 times	without leverage (1x)
Position margin	70 USDT	7000 USDT
Earnings	500 USDT	500 USDT
Yield rate	714.28%	7.14%

 
Open Short 

If the BTC price drops to 6500 USDT, we compare the A and B earnings:

Project	A- Perpetual Contract	B – Spot Trading
Open value	7000 USDT	7000 USDT
Opening position Value	10,000 contracts (about 1BTC)	1BTC
Leverage multiple	100 times	without leverage (1x)
Position margin	70 USDT	7000 USDT
Earnings	500 USDT	500 USDT
Yield rate	714.28%	7.14%

If you need more information about the calculations, use the “Calculator” in the upper right corner of our trading page.

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