Perpetual Contract Explanation

I. Cross Margin Mode

Definition:

All positions share margin and floating profit/loss. All assets in the account, including the opening margin, are treated as available margin.

Risk:

Provides strong risk-hedging capability, but during periods of extreme market volatility, overall account loss may exceed expectations.

Notes:

• If no stop-loss is set and the available funds in the contract account fall below the maintenance margin required for the position, forced liquidation will be triggered.

• When holding related orders, switching to Isolated Margin Mode for the same asset is not allowed.

II. Isolated Margin Mode

Definition:

Each order calculates profit and loss independently. A single position will be forcibly closed when losses reach the maximum stop-loss point, and will automatically close when profits reach the maximum take-profit point.

Notes:

• If the isolated position margin falls below the required maintenance margin, the position will be forcibly liquidated.

• When there are pending orders for the same asset, switching to Cross Margin Mode is not allowed.

III. Two Order Types

1. Market Order

Definition:

Executed instantly at the best available market depth. Supported by Ekbit contract liquidity, orders can be matched quickly after submission.

2. Limit Order

Definition:

Users set a target price. When the latest market price reaches or improves upon that price, the order will be executed.

IV. Take-Profit & Stop-Loss (TP/SL)

TP/SL Trigger Methods

1. Price-Based Trigger

Triggered when the latest market price reaches the specified take-profit or stop-loss price.

2. Percentage-Based Trigger

Triggered automatically when profit or loss reaches the preset TP/SL percentage.

Additional Tips

• Cross Margin Mode:

If no stop-loss is set and available funds fall below the required maintenance margin, forced reduction or liquidation will occur. Switching to Isolated Mode is not allowed when holding positions of the same asset.

• Isolated Margin Mode:

If the available margin of the position falls below the maintenance margin, forced liquidation will be triggered. Switching to Cross Margin Mode is not allowed when there are pending orders of the same asset.