In order to help users improve the utilization rate of futures assets and offer a better trading experience, CoinEx released a new feature called “Auto Pyramid Calculation” available both on the web and in the app in March 2023.
Pyramid auto settlement is a settlement mechanism implemented in futures trading. By automatically converting profits into available funds, this feature improves the capital efficiency of futures assets. However, it should be noted that the settlement engine will not increase or decrease users’ funds when trading futures. Rather, this feature simply translates profits into available funds to improve capital efficiency, allowing users to use CoinEx futures in a more flexible and convenient way.
The pyramid is automatically calculated every 8 hours. On each settlement where a user’s futures account statistically makes a profit, unrealized PNL can be automatically calculated as realized PNL in position margin. In isolated margin mode, users can manually adjust the margin; while in Cross Margin mode margins can be adjusted manually or automatically.
In addition, an 8-hour settlement cycle applies to all futures, i.e. 3 times a day: 00:00, 08:00 and 16:00 (UTC). Settlement Price, a new parameter introduced by Pyramiding Auto-Settlement, is used to calculate the value of unrealized PNL and realized PNL. The parameter is updated during automatic calculations, as well as when opening or increasing/decreasing a position. Features of automatic calculation are as follows:
| Checkout hours: 00:00, 08:00 and 16:00 (UTC). | ||
| Statistics | Isolated Margin | Cross Margin |
| Unrealized NPL | If unrealized PNL=0, then the indicator will be recalculated | If unrealized PNL=0, then the indicator will be recalculated |
| Implemented PNL | Updated: Unrealized PNL registered in the last checkout hour will be added to the current realized PNL. |
Updated: Unrealized PNL registered in the last checkout hour will be added to the current realized PNL. |
| Position Margin | Updated in real time (profits can be converted into available funds manually) | Updated in real time (profits can be converted into available funds manually) |
| General PNL | Same | Same |
| PNL% | Same | Same |
| Available funds | Same | Updated upon receipt of profit |
For the best trading experience, CoinEx recommends updating the Android app to the latest version 3.18.4 in case of any potential impact. For specific calculation formulas for automatic pyramid calculation, please refer to the CoinEx Help Center.
So far, CoinEx has implemented many features for futures, including contract data, futures take profit and stop loss (TP/SL), a futures calculator, and a pyramidal auto calculation covering more than 110 futures trading markets. Last year, Contract Data helped more than 4 million CoinEx users capture real-time market movements and make informed investment decisions. Meanwhile, the exchange has also launched promotional features such as CoinEx Tradeboard to make futures trading more fun and provide more exclusive benefits for users. In the future, CoinEx will continue to improve its futures products and release more features so that users can trade futures with greater ease and convenience.
Credit : www.newsbtc.com
