Dear Bitunix users,
Bitunix Futures will update risk limit inluding the leverage and margin tiers of RNDR/USDT, ICX/USDT, T/USDT, and LIT/USDT USDT-M Perpetual Futures at 2024-07-11 02:30 (UTC) as per the tables below. Please note that existing positions opened before the update may be affected.
Updates to Leverage & Margin Tiers in the Risk Limit
RNDR/USDT
| Before | After | ||||
| Leverage | Nominal Value (USDT) | MMR | Leverage | Nominal Value (USDT) | MMR |
| 21 - 50x | 0 < Value ≤ 30,000 | 1.50% | 21 - 25x | 0 < Value ≤ 40,000 | 1.50% |
| 11 - 20x | 30,000 < Value ≤ 60,000 | 2.50% | 11 - 20x | 40,000 < Value ≤ 60,000 | 2.50% |
| 6 - 10x | 60,000 < Value ≤ 250,000 | 5.00% | 6 - 10x | 60,000 < Value ≤ 500,000 | 5.00% |
| 5x | 250,000 < Value ≤ 800,000 | 10.00% | 3 - 5x | 500,000 < Value ≤ 1,000,000 | 10.00% |
| 3 - 4x | 800,000 < Value ≤ 2,000,000 | 12.50% | 2x | 1,000,000 < Value ≤ 2,000,000 | 25.00% |
| 2x | 2,000,000 < Value ≤ 5,000,000 | 25.00% | 1x | 2,000,000 < Value ≤ 5,000,000 | 50.00% |
| 1x | 5,000,000 < Value ≤ 10,000,000 | 50.00% | N/A | ||
ICX/USDT
| Before | After | ||||
| Leverage | Nominal Value (USDT) | MMR | Leverage | Nominal Value (USDT) | MMR |
| 11 - 20x | 0 < Value ≤ 20,000 | 2.00% | 21 - 50x | 0 < Value ≤ 10,000 | 1.25% |
| 9 - 10x | 20,000 < Value ≤ 100,000 | 5.00% | 11 - 20x | 10,000 < Value ≤ 30,000 | 2.00% |
| 6 - 8x | 100,000 < Value ≤ 200,000 | 5.50% | 6 - 10x | 30,000 < Value ≤ 120,000 | 5.00% |
| 3 - 5x | 200,000 < Value ≤ 1,000,000 | 10.00% | 5x | 120,000 < Value ≤ 300,000 | 10.00% |
| 2x | 1,000,000 < Value ≤ 2,000,000 | 25.00% | 3-4x | 300,000 < Value ≤ 600,000 | 12.50% |
| 1x | 2,000,000 < Value ≤ 5,000,000 | 50.00% | 2x | 600,000 < Value ≤ 1,500,000 | 25.00% |
| N/A | 1x | 1,500,000 < Value ≤ 3,000,000 | 50.00% | ||
T/USDT
| Before | After | ||||
| Leverage | Nominal Value (USDT) | MMR | Leverage | Nominal Value (USDT) | MMR |
| 11 - 20x | 0 < Value ≤ 20,000 | 2.00% | 21 - 50x | 0 < Value ≤ 10,000 | 1.25% |
| 9 - 10x | 20,000 < Value ≤ 100,000 | 5.00% | 11 - 20x | 10,000 < Value ≤ 30,000 | 2.00% |
| 6- 8x | 100,000 < Value ≤ 200,000 | 5.50% | 6 - 10x | 30,000 < Value ≤ 120,000 | 5.00% |
| 5x | 200,000 < Value ≤ 1,000,000 | 10.00% | 5x | 120,000 < Value ≤ 300,000 | 10.00% |
| 2x | 1,000,000 < Value ≤ 2,000,000 | 25.00% | 3-4x | 300,000 < Value ≤ 600,000 | 12.50% |
| 1x | 2,000,000 < Value ≤ 5,000,000 | 50.00% | 2x | 600,000 < Value ≤ 1,500,000 | 25.00% |
| N/A | 1x | 1,500,000 < Value ≤ 3,000,000 | 50.00% | ||
LIT/USDT
| Before | After | ||||
| Leverage | Nominal Value (USDT) | MMR | Leverage | Nominal Value (USDT) | MMR |
| 11 - 20x | 0 < Value ≤ 20,000 | 2.00% | 21 - 50x | 0 < Value ≤ 10,000 | 1.25% |
| 9 - 10x | 20,000 < Value ≤ 100,000 | 5.00% | 11 - 20x | 10,000 < Value ≤ 30,000 | 2.00% |
| 6- 8x | 100,000 < Value ≤ 200,000 | 5.50% | 6 - 10x | 30,000 < Value ≤ 120,000 | 5.00% |
| 5x | 200,000 < Value ≤ 1,000,000 | 10.00% | 5x | 120,000 < Value ≤ 300,000 | 10.00% |
| 2x | 1,000,000 < Value ≤ 2,000,000 | 25.00% | 3-4x | 300,000 < Value ≤ 600,000 | 12.50% |
| 1x | 2,000,000 < Value ≤ 5,000,000 | 50.00% | 2x | 600,000 < Value ≤ 1,500,000 | 25.00% |
| N/A | 1x | 1,500,000 < Value ≤ 3,000,000 | 50.00% | ||
Please Note:
Based on market risk conditions, Bitunix may adjust the contract parameters from time to time, which include the minimum moving price, maximum leverage, initial margin, and/or maintenance margin requirements.
The perpetual futures listed above are subject to the terms of the Bitunix Futures Services Agreement.
In the event of any discrepancies between the translated versions and the original English version, the English version shall take precedence.
*Risk Warning:
The cryptocurrency market operates globally 24/7, without any specific opening or closing times. Please do conduct your own risk assessment before making any investment decisions related to cryptocurrency and blockchain technology. Bitunix attempts to thoroughly screen all projects before they enter the market. However, despite our rigorous due diligence, there are inherent risks associated with investing. Bitunix is not liable for investment gains or losses.
Regards,
Bitunix Team
July 10 2024
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