Futures Pro Trading Rules: Cross & Isolated
BTCC Support2 months ago
Overview
On the BTCC trading platform, users must first transfer assets into their Futures Pro account to access and experience the upgraded Futures Pro trading system. Trading data and asset data in the new Futures Pro system are separated from the original futures trading system, and they do not affect each other. Users can choose between Cross Margin or Isolated Margin modes in the Futures Pro system.
What is Cross Margin Mode?
In Cross Margin mode, all trading products that use the same currency for settlement can share margin balance. This means that contracts and leveraged positions with the same settlement currency in cross margin mode share margin, and profits and losses can be offset between them.
What is Isolated Margin Mode?
In Isolated Margin mode, margin and PnL (Profit and Loss) are calculated separately for each position. Risks and returns are isolated, and the user is solely responsible for the PnL of each individual position. If forced liquidation occurs, only the margin of that specific position is lost, minimizing potential losses. In short, each position has its own dedicated margin, and in the event of liquidation, the maximum loss is limited to that margin.
Futures Pro Term Explanation
| Term | Explanation |
| Total Equity |
The total equity of a specific asset in the account, including both cross and isolated margin positions. Total Equity = Account Balance of the Asset + Cross Margin Position PnL + Isolated Position Margin Balance + Isolated Position PnL |
| Available Margin (Cross) |
The amount of margin currently available for opening cross margin perpetual futures positions under a specific asset. Available Margin = Account Balance + ∑ Unrealized PnL of Cross Positions |
| PnL (Profit and Loss) | PnL = ∑ Unrealized PnL of Cross Positions + ∑ Unrealized PnL of Isolated Positions |
| Transferable |
If Unrealized PnL (Cross) > 0: Transferable = Available Margin - Unrealized PnL (Cross) If Unrealized PnL (Cross) < 0: Transferable = Available Margin |
| Margin Ratio | Margin Ratio = (Account Balance + ∑ Unrealized PnL of Cross Positions) / ∑ [Position Size × Mark Price × (Maintenance Margin Rate + Liquidation Fee Rate)] |
| Maintenance Margin | Maintenance Margin = ∑ Maintenance Margin of Cross Positions + ∑ Maintenance Margin of Isolated Positions |
| Available Margin (Isolated) |
The amount available for opening new isolated positions when switched to isolated margin mode. Available Margin (Isolated) = Max(0, Available Margin (Cross) - ∑ Unrealized PnL of Cross Positions) Note: This field is used for order calculation only and is not displayed in asset information. |
Trading Rules
Cross Margin Order Validation Rules
- When placing a perpetual futures order under Cross Margin mode, the available margin in the account must be greater than or equal to the required margin for that order.
Perpetual Futures under Cross Margin
In Contract Pro mode, perpetual futures support One-Way and Hedge modes.
Position Fields
| Term | Explanation |
| Position Size | In One-Way Position Mode, long positions are presented in positive numbers, and short positions are represented by negative numbers. |
| Average Entry Price |
USDT-Margined Contracts: (Previous Position Size × Previous Entry Price + New Position Size × New Entry Price) / (Previous Position Size + New Position Size) |
| PnL (Profit and Loss) |
Current unrealized profit or loss of the position. USDT-Margined Contracts: Long PnL = Contract Size × Number of Contracts × Contract Multiplier × (Mark Price − Average Opening Price) Short PnL = Contract Size × Number of Contracts × Contract Multiplier × (Average Opening Price − Mark Price) |
| Return Rate | Return Rate = PnL / Initial Margin |
| Initial Margin |
USDT-Margined Contracts: Initial Margin = Contract Size × Number of Contracts × Contract Multiplier × Mark Price ÷ Leverage Ratio |
| Maintenance Margin |
USDT-Margined Contracts: Maintenance Margin = Contract Size × Number of Contracts × Contract Multiplier × Maintenance Margin Rate for Position Level × Mark Price |