Introduction to Position

Parameter Description

1. Number of positions: the number of contracts currently held

2. Opening value = Sum (number of opening positions * reasonable mark price at that time)

3. Margin = opening value / leverage ratio = (average opening price * position volume * current reasonable mark price) / leverage ratio

You can adjust the margin through the "Adjust Margin" button;BKEX currently does not support adjusting the position margin by controlling the leverage multiple.

4. Estimated liquidation price: Assuming that the price P is the price when your margin rate is equal to the maintenance margin rate, when the reasonable mark price reaches the price P, your position will trigger a liquidation event or a partial liquidation event.

Margin rate = (margin + unrealized profit and loss) / opening value = (margin + unrealized profit and loss) / (position quantity * current reasonable mark price)

Maintenance margin rate: In order to prevent the impact on market liquidity when large positions are liquidated, BKEX futures products implement a gradient maintenance margin rate system. That is, the larger the user's position, the higher the minimum maintenance margin rate, and the lower the maximum leverage multiple that the user can choose.

5. Unrealized profit and loss: refers to the profit of the user's open positions, and the estimated profit and loss amount after closing the current position at a reasonable mark price, also known as floating profit and loss, which changes with the fluctuation of the reasonable mark price.

Buy/Long: Unrealized Profit and Loss = Position Volume * (Current Mark Price - Average Opening Price)

Sell/Short: Unrealized Profit and Loss = Position Volume * (Average Open Position Price - Current Mark Price)

6. Realized profit and loss: refers to the real profit and loss generated by the user's closed position, which is calculated based on the user's average opening price and closing price.

Buy/Long: Realized Profit and Loss = Number of Closed Positions * (Close Position Price - Average Open Position Price)

Sell/Short: Realized Profit and Loss = Closed Volume * (Average Opening Price - Closing Price)

7. Return = Unrealized P&L/Margin