To enhance your experience with the platform's futures trading features, we have optimized and revamped the futures bonus. You can use the futures bonus during the futures trading process to offset certain costs and trading losses. Below is a detailed explanation of how to use the futures bonus. Please read it carefully to make the best use of this feature:

1. Futures Bonus Deduction Scope

The futures bonus can be used in conjunction with your own funds in your account to offset funding costs, trading fees, and trading losses during futures trading. This allows you to more flexibly manage trading costs and enjoy a better trading experience.

2. Can Futures Bonuses Be Stacked.

Deduction Ratio:

1. Stacking Bonuses with the Same Deduction Rate

If you have multiple futures bonuses with the same deduction rate in your account, you can stack them together to increase the deducted amount. For example, you can stack several futures bonuses of the same rate to reduce related fees incurred during trading, improving the efficiency of fund usage.

2. Futures Bonuses with Different Deduction Rates Cannot Be Stacked

Please note that if you already have a futures bonus in use in your account, you will not be able to redeem new futures bonuses with a different deduction rate. This is to avoid confusion and unnecessary calculation conflicts. If you wish to redeem a futures bonus with a different deduction rate, please ensure there is no active futures bonus in your account, or you may need to have it reclaimed before proceeding.

3. Deduction Order for Funding Costs, Fees, and Trading Losses

When funding costs, trading fees, or trading losses occur, the system will first deduct the corresponding percentage from the futures bonus, and the remaining amount will be deducted from your own funds. This means you can prioritize using the futures bonus to reduce trading costs. When the futures bonus balance is insufficient, the system will automatically supplement the gap from your own funds. If free funds are also insufficient, the system will continue deducting from the futures bonus until the deduction requirement is met.

4. Validity Period of Futures Bonus

The futures bonus is valid for a specified period from the date of issuance. Please use it within the validity period. Any unused futures bonus will automatically expire after the validity period.

5. Futures Bonus Reclaim Logic

The conditions and mechanism for reclaiming the futures bonus are as follows:

Reclaim Conditions:

• If the futures bonus is not fully used within the specified validity period or if funds are transferred from the futures account (e.g., from the futures account to a spot account), the system will trigger the reclaim operation.

Reclaim Mechanism:

1. Not Fully Consumed
   • If the futures bonus is not fully consumed and the time expires, the system will automatically reclaim the remaining part.
2. Funds Movement
   • If funds are transferred from the account before the futures bonus is fully consumed (e.g., from the futures account to the spot account), the system will immediately execute the reclaim operation.

Risk Control:

• If the reclaim operation will result in the user's margin rate exceeding 95% (this is the risk judgment standard for triggering a reclaim, not the liquidation standard), the system will delay the reclaim operation and wait for the next funds movement to execute the reclaim.

Reclaim Operation After Funds Movement:

• If the futures bonus has triggered a reclaim due to not being used within the validity period, but reclaiming it would cause the margin rate to approach or exceed 95%, the system will delay the reclaim until the next funds movement occurs.

When Will the System Re-execute the Reclaim Operation?

The system will re-execute the reclaim operation under the following circumstances:

1. Funds Transfer
   • When the user transfers funds from the futures account to the spot account or vice versa, the system will immediately execute the reclaim operation.
2. Funding Fee Deduction
   • If the user’s position changes due to the deduction of funding fees, the system will reassess and execute the reclaim operation.
3. Opening/Closing Positions
   • Every time the user opens or closes a position, the system will trigger the reclaim operation.
4. Any Funds Movement in the Futures Account
   • This includes deposits, withdrawals, fund transfers, position adjustments, etc. As long as there is a movement of funds in the futures account, the system will re-execute the reclaim operation.

Liquidation Conditions

• Positions will only be liquidated when the margin rate reaches 100%. If the margin rate approaches 95%, the system will cancel the reclaim operation until the next funds movement occurs, at which point the reclaim operation will be carried out.