Guide 
1. CopyTrade with BingX Perpetual Futures (Beta) Online Time
2. What Is CopyTrade With BingX Perpetual Futures? 
3. What Are the Benefits? 
4. CopyTrade Scope
5. About Copy Trading Spread 
6. Profit Share Rules
7. Fees
8. Forced Liquidation Rules
 
 
 
Dear Users,
To diversify copy trading features and cater to the needs of growing traders and followers, BingX will release "CopyTrade with BingX Perpetual Futures" (Beta) on 2022-07-05 (UTC+8). (Taiwan users can join the beta testing without signing up for it). The beta version is scheduled to be out on app stores on 2022-07-07 (UTC+8).
 

What Is CopyTrade With BingX Perpetual Futures?

CopyTrade with BingX Perpetual Futures is a copy trading tool introduced by the platform based on BingX Perpetual Futures. This new feature supports the cross margin mode for traders and allows followers to copy by position. What is "copy by position"?
 

What Are the Benefits?

  1. The cross margin mode can meet more needs of professional traders, match with more quality trading strategies, and allow more choices for followers.
  2. Compared to "copy by signal", the main difference of "copy by position" lies in the risk consistency between the trader and the followers. Under "copy by position", traders can better manage the risk and return of their followers from the account asset level.
  3. Unlike Copy Trade from External Platform with API (CopyTrade Pro), CopyTrade with BingX Perpetual Futures is performed on BingX, meaning that the trading will no longer be affected by the performance and stability of API provided by external platforms.
 

CopyTrade Scope

  1. Due to factors such as market liquidity, CopyTrade with BingX Perpetual Futures only supports some trading pairs. For the list of unavailable trading pairs for Perpetual Futures copy trading, please refer to https://support.bingx.com/hc/en-001/articles/7534512564377
  2. CopyTrade doesn't support sharing trades opened with bonuses.
 

About Copy Trading Spread

  1. Due to a different execution time, market depth, and other factors, there may be a price difference between the orders of traders and their followers in Perpetual Futures copy trading. For more information, please refer to https://support.bingx.com/hc/en-001/articles/7482372594841
  2. Followers' orders are executed at market price to ensure that they can successfully copy the trader's position.

 

Profit Share Rules

Default profit share ratio: 10% (Calculated based on the combined P&L of all followers)
Settlement time: Next Monday at 00:00 (UTC+8)
Statistics update: There is a 5-20 min delay in the statistics display. Please be patient.
 

 

Others

Fees
 Fees of copy trading with BingX Perpetual Futures are the same as those of Perpetual Futures. Click to learn more:
https://support.bingx.com/hc/en-001/articles/360046487573-Fee-Schedule-of-Perpetual-Swap
 
Forced Liquidation Rules
  • Forced Liquidation condition: Net Asset Value ≤ Maintenance Margin + Trading Fee of Position Closing
  • Net Asset Value = Balance + Sum (Unrealized P&L of Positions)
  • Maintenance Margin = Sum (Quantity per Position per Trading Pair * Mark Price) * Maintenance Margin Rate (0.5%)
  • Trading Fee of Position Closing = Sum (Quantity per Position per Trading Pair * Mark Price) * Trading Fee Rate of Position Closing
 
V3.5.0 -- Special Bonus for Traders
During 2022-07-05 and 2022-07-10 (UTC+8), complete a trading volume of 5,000 USDT with Perpetual Futures to win a 10 USDT bonus. The reward is limited to the first 100 traders and cannot be stacked. The reward will be issued within 7 workdays after the event ends.
Note: Traders don't need to register with the event. Once they trade with Perpetual Futures, they are included in the event.
 
Recommended to Read:
Perpetual Futures - CopyTrade Beginner's Guide (for Followers)
Perpetual Futures - CopyTrade Beginner's Guide (for Traders)
Copy Trading