FAQ for Perpetual Contract

1. What is a perpetual contract?

A perpetual contract is a product similar to a traditional Futures Contract in how it trades,  but does not have an expiry, so you can hold a position for as long as you like. Perpetual Contracts track the underlying Index Price via funding rate.

2. What is the mark price?

The Mark Price is the price at which the contract is marked for unrealized PNL and liquidation purposes.

3. Does MXC offer leverage?

Yes, MXC perpetual contract offers leverage on all of its contract products generally.

4. How many times leverage does MXC perpetual contract offer?

The amount of leverage MXC perpetual contract offers varies from product to product. Leverage is determined by the initial margin and maintenance margin levels. These levels specify the minimum margin you must hold in your account to enter and maintain positions. Leverage is not a fixed multiplier but rather a minimum margin requirement. 

5. How much of the fee of the contract?

The current trading fee rate for all perpetual contracts on MXC is Maker 0.03% and Taker 0.075%.