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Announcement on the Upgrade to the Trial Fund Settlement Rules

  • Updated
Dear User,
To further enhance the Trial Fund experience, we are upgrading the Trial Fund settlement mechanism. After this upgrade, all applicable fees and PnL generated during the Trial Fund usage period will be settled together when the Trial Fund is reclaimed. The details are as follows:

1. Changes to the Fee Settlement Timing

After the upgrade, applicable fees incurred during the Trial Fund validity period will no longer be deducted in real time. Instead, they will be settled collectively when the Trial Fund expires or is reclaimed early.
The fees subject to unified settlement include, but are not limited to:
  • Trading fees
  • Funding fees
  • Shared charges (such as Auto-Deleveraging (ADL) and Insurance Fund allocation)
  • Trial Fund offset amount

2. Trial Fund Offset Rules

When the Trial Fund is reclaimed, the system will calculate the final offset amount based on the PnL generated during the Trial Fund usage period.
The Trial Fund offset amount will be calculated using:
  • Realized PnL generated during the Trial Fund usage period;
  • Unrealized PnL of open positions at the time of Trial Fund reclamation.
The system will complete the final settlement and reclaim the Trial Fund simultaneously.

3. Settlement Process

During the Trial Fund validity period:
  • Applicable fees and Trial Fund offset amounts will be recorded only and will not be deducted from your account in real time.
  • When the Trial Fund expires or is reclaimed early, the system will complete the unified settlement of all applicable fees and the Trial Fund offset.

4. Example

Assume you receive a Trial Fund and hold an open futures position.
During the holding period:
  • Trading fees, funding fees, and other applicable charges are incurred;
  • You generate realized PnL and still have open positions with unrealized PnL when the Trial Fund is reclaimed.
When the Trial Fund is reclaimed, the system will:
  1. Calculate all trading fees, funding fees, and other applicable charges incurred during the Trial Fund usage period;
  2. Calculate the final Trial Fund offset amount based on the realized PnL during the usage period and the unrealized PnL at the time of reclamation;
  3. Complete the unified settlement of all applicable fees and the Trial Fund.

5. Effective Date

This rule upgrade takes effect immediately upon the publication of this announcement.

Thank you for your continued support and trust.
If you have any questions, please contact our online customer support team.

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