Dear Users,

To enhance our trading environment and mitigate high-risk trading activities, BingX is set to update the API trading rules for USDT-M Perpetual Futures starting 2024-05-16.
Restrictions on opening or adding to positions will be triggered if the number of orders in the past hour exceeds the threshold and the order cancellation rate is over 90%. Position closings will not be affected. These restrictions will be automatically lifted after 10 minutes. Details are as follows:

Indicators
Statistical Type
Time Range
Order Threshold
Order Cancellation Rate
Time Restrictions for Opening/Adding Positions
Restrictions on Order Types & Activities
Total cancellation rate
All completed orders
Past 1 hour
5,000
≥ 90%
10 minutes
Opening and adding positions for all orders
Limit orders cancellation rate
Completed limit orders
Past 1 hour
1,000
≥ 90%
10 minutes
Opening and adding positions for limit orders
Maker orders cancellation rate
Completed Post Only orders
Past 1 hour
1,000
≥ 90%
10 minutes
Opening and adding positions for Post Only orders
IOC orders cancellation rate
Completed IOC orders
Past 1 hour
1,000
≥ 90%
10 minutes
Opening and adding positions for IOC orders
FOK orders cancellation rate
Completed FOK orders
Past 1 hour
1,000
≥ 90%
10 minutes
Opening and adding positions for FOK orders

*Order cancellation rate = number of canceled orders ÷ total historical orders

 

BingX Operation Team
2024-05-14
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