To increase variety of Perpetual Contract ecosystem, BKEX "Crazy Contract" is officially launched! In BKEX Crazy Contract mode, traders can obtain the corresponding profit buff according to the trader’s ROE.
1. Business time: 00:00 on Saturday - 24:00 on Sunday(UTC+8).
2. Transactions of "Crazy Contract" require no funding fee.
3. At the time of crazy contract delivery (24:00 UTC+8 of every Sunday), the system will close the positions on all opened weekly futures. And all the place orders will be cancelled，please close all the position before the delivery time, you are advise that BKEX is not responsible for your trading losses.
4、BKEX adjust crazy contract maximum leverage , the available leverage of BTC/USDT,ETH/USDT trading pairs is from 1X to 500X, and below trading pairs available leverage is from 1X to 200X.
For more information on the details, please refer to the following：《Tier Rules of Crazy Contract》
5、After users close positions of "Crazy Contract", the higher the profit grade, the more additional rewards will be obtained. The detailed parameters are as follows:
6、The profit grade is determined by position leverage. Profit grade = Position ROE * (100/leverage)
The 500X detailed parameters are as follows:
If ROE of position A is 1000%，position profit is 1,000 USDT，the profit grade =1000% *（100/100）=1000%，the addition rate of profit amount is 2.5%, and the additional profit =1,000 USDT * 2.5% = 25 USDT
If ROE of position A is 1000%，position profit is 1,000USDT，the profit grade = 1000% * (100/20) =5000%，the addition rate of profit amount is 4.5%, and the additional profit = 1,000 USDT * 4.5% = 45 USDT