Price limit is one of the important risk control methods to protect investors and prevent the market from being manipulated. If there is no price limit, a few traders can make the contract price fluctuate greatly and create a large apportionment, by using a small amount of funds and a high leverage level. On the other hand, if the price limit rules are simple, it will lead to a lack of vitality in the market, and there will be no premium on the spot, and contract trading will be meaningless.
In order to have better risk control, the full rules of price limit are not completely disclosed. Bitunix will dynamically set risk control rules, based on more than a dozen parameters such as market trading volume, turnover, open interest, and the percentage of index deviation.
A. Contract price limit rules
Calculation formula
Highest Price Limit = Index * (1 + X)
Lowest Price Limite = Index * (1 - X)
| Tiers | Tokens | X |
| Tier 1 | BTC、ETH、BNB、XRP、ADA、LTC | 5% |
| Tier 2 | Others | 10% |
The above parameters and indicators may be adjusted according to market conditions, and the adjustment will not be notified separately.
Remarks
Index: Spot index price
The above rules apply to all contracts. And there are also restrictions on opening and closing positions: when open a long position or close a short position, the order price is higher than the highest price; when open a short position or close a long position, the order price is lower than the lowest price, the limit price will be triggered.