Dear BingX Users,
To further improve Trial Fund efficiency and information transparency, BingX will optimize the usage rules for Perpetual Futures Trial Fund starting from 2026-06-25. The details are as follows:
1. Optimization overview
Multiple Trial Fund vouchers with different offset ratios can be held simultaneously: When you redeem a new Trial Fund voucher and its offset ratio differs from the currently active Trial Fund, the old voucher will not expire immediately. Instead, it will be placed in a priority queue and will be used in sequence.
Scope of application: This optimization applies only to Perpetual Futures Trial Fund and does not involve Standard Futures.
2. Trial Fund offset rules
After the Trial Fund is redeemed into the Perpetual Futures Account, it can be used to offset closing losses and funding fees. Use the Trial Fund within its validity period. After it expires, it becomes invalid.
(I) Closing loss offset
When the Trial Fund is used to offset losses from closing positions:
If the cumulative realized PnL is sufficient to cover the current loss, the Trial Fund will not be used for offsetting.
If the cumulative realized PnL is insufficient to cover the current loss, the corresponding offset ratio will apply only to the remaining loss amount.
Notes:
- Realized PnL = Closed PnL + Funding rate.
- The calculation of cumulative realized PnL starts from the time when the user most recently redeemed the Trial Fund, and can cover up to the most recent three months.
- If the Trial Fund is claimed (redeemed) multiple times, the cumulative PnL will be calculated based on the most recent claim (redemption) time.
- Trial Funds cannot be used to offset trading fees.
If there are own funds in the account, the offset will be applied as follows:
| Account status | Offset method |
|---|---|
| Sufficient own funds | The deduction is shared between the voucher and your own funds based on the voucher ratio. |
| Insufficient Trial Fund | The Trial Fund balance is used first, and any remaining amount is covered by your own funds. |
| Insufficient own funds | Your own funds are used first, and any remaining amount is covered by the Trial Fund. |
| No own funds in the account | The full amount is covered by the Trial Fund. |
(II) Funding fee offset
When the funding fee is negative (an expense), the Trial Fund can directly offset it according to the corresponding ratio, regardless of whether the cumulative PnL is positive or negative.
(III) Examples
Example 1: Offset triggered
Trial Fund redemption time: User A redeemed a 50 USDT Trial Fund on April 10, with an offset ratio of 50%.
Trading PnL: April 11: First futures trade, profit of 100 USDT.
April 12: Second futures trade, loss of 110 USDT.
Offset explanation: Cumulative realized PnL after receiving the Trial Fund = 100 − 110 = −10 USDT.
The cumulative PnL is not enough to cover the current loss, so an offset is applied at a 50% ratio.
Offset amount = 10 × 50% = 5 USDT
Example 2: Offset not triggered
Trial Fund redemption time: User B redeemed a 50 USDT Trial Fund on April 10, with an offset ratio of 50%.
Trading PnL: April 11: First futures trade, profit of 100 USDT.
April 12: Second futures trade, loss of 80 USDT.
Offset explanation: Cumulative realized PnL after receiving the Trial Fund = 100 − 80 = +20 USDT.
The cumulative PnL is enough to cover the current loss, so the Trial Fund is not used for an offset.
3. Coexistence and usage order of multiple Trial Fund vouchers
If the offset ratio is the same: the amounts are combined and no new queue entry is added.
If the offset ratios differ: the new voucher is added to the queue and the voucher with the higher offset ratio takes priority.
For each settlement, only the Trial Fund in the queue with the highest priority is used. Multiple Trial Fund vouchers will not be used for an offset at the same time.
For example
User C first redeemed a 100 USDT Trial Fund with a 50% offset ratio (valid until May 12). After using part of that amount, User C then redeemed a 50 USDT Trial Fund with a 100% offset ratio (valid until May 15):
Before the optimization: when the new voucher was activated, the old 50% Trial Fund immediately became invalid.
After the optimization, the 100% Trial Fund moves to the front of the queue and is used first. The 50% Trial Fund remains in the queue and is activated in order after the 100% Trial Fund is fully used or expires.
You can view the current queue order, each voucher's amount, and expiration time in the App/Web under "Futures Account > Trial Fund". You can also view the history under "My Vouchers > Used".
4. Expiration and clearing rules
If an active Trial Fund expires before it is fully used, it becomes invalid and the next voucher is activated automatically.
If a queued Trial Fund expires before use, it will be removed and will not affect other Trial Funds.
If you withdraw or transfer funds out, all remaining Trial Funds in your account will be cleared.
5. Claim limit
You can hold up to 10 Trial Funds with different offset ratios at the same time.
The total number of activated vouchers must be ≤ 100.
6. Other important notes
Trial Funds cannot be used for matched orders, self-trading, or opening reverse positions. If malicious use is detected, the platform reserves the right to take action against the accounts involved.
Please stay updated on the impacts of these rule adjustments. Thank you for your support and understanding!
BingX Operation Team
