Dear CoinEx users:
To improve the utilization of your Futures assets and your trading experience, CoinEx will release the new feature, "Pyramiding Auto-Settlement", both on Web and in App, on Feb 23, 2023 3:00(UTC). The details are as follows.
About Pyramiding Auto-Settlement
Pyramiding Auto-Settlement is a settlement mechanism introduced into Futures trading, where the profit can be automatically settled into available funds, which can improve fund utilization.
Pyramiding Auto-Settlement is settled every 8 hours. At each settlement, when your Futures account is in profit statistically, the unrealized PNL can be automatically settled as realized PNL in the position margin.
In Isolated Margin mode, you can adjust the margin manually, while in Cross Margin mode, you can adjust the margin manually or automatically.
About Futures Settlement
1. Settlement Time
All Futures markets are settled every 8 hours, at 0:00, 8:00, and 16:00 (UTC) daily.
2. Settlement Price
The settlement price is the newly added parameter of the Pyramiding Auto-Settlement feature. It is the price at which both unrealized PNL and realized PNL are calculated. In situations such as position opening, adding, and settlement, the settlement price will be updated accordingly. For the specific calculation, please refer to [Help Center].
Impacts on Existing Data
1. Unrealized PNL: At the time of settlement, 0:00, 8:00, 16:00 (UTC) daily, the unrealized PNL will be converted and settled as the realized PNL (settled PNL), while the unrealized PNL will be recalculated at the current settlement price for the next period.
2. PNL%: The PNL% of the user's open positions will be calculated at the Mark Price or the Latest Price.
Calculation: PNL% = (Unrealized PNL + Realized PNL) / Initial Margin
3. Liquidation Price: The Liquidation Price will be calculated with the settlement price. For the specific calculation, please refer to Liquidation Price.
Important: The data display will be different from the previous in this upgrade. For a better trading experience, we recommend you upgrade the Android App to the latest version 3.18.4 in case of any potential impacts.
1. For more information about Pyramiding Auto-Settlement, please refer to [Help Center];
2. Futures trading is an innovative investment product and we strongly suggest that all users evaluate the risks they can handle before participation.
CoinEx reserves the right of final explanation of this announcement.
Feb 23, 2023