Understanding the Order Book is crucial for traders who want to analyze market dynamics and make informed trading decisions. The Order Book provides a visual representation of current buy and sell orders for a particular trading pair, offering insights into market depth, liquidity, and potential price movements. What Is an Order Book? An Order Book is a real-time ledger that displays all buy and sell orders for a trading pair on a platform. It provides traders with critical information, including the number of assets available for purchase or sale at various price levels. What is market depth? Simply put: The depth of the market consists of orders, also known as order books. Market depth indicates the state of supply and demand for an asset, it shows the amount of pending orders at different price levels. Generally, multiple orders in an order book indicate higher liquidity in the market, while fewer orders indicate lower liquidity. If the number of buy orders far exceeds the number of sell orders, this may indicate an upward trend in the price of the asset. By looking at orders, traders can get a clearer picture of market liquidity, price support and resistance points, and thus make more strategic trading decisions. You can view the order book on the <a href="https://www.bydfi.com/en/swap/btc-usdt" target="_blank">trading page</a>, green for buy orders and red for sell orders. The price in the center is the latest price of 1.3897 and the flags are <a href="https://www.bydfi.com/server/en/support/PRODUCT_DESCRIPTION/articles/kwghxoslyf14" target="_blank">mark prices.</a><img src="https://uploads.bydfi.in/events/cmsBYD.1735569614831.Depth%201.png" alt="BYD.1735569614831.Depth 1.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735569614831.Depth 1.png" style="width: 50%;"/>Therefore, we can use the size of the order to determine how active the trading is at the moment. If the spread between the orders is small (1.3897 and 1.3896 in the chart), it is usually possible for the order to be filled at a similar price even if it is not filled at the particular price. Since orders can be canceled at any time, the market is only one of the tools used to assist in this judgment. Disclaimer: Cryptocurrency assets are volatile products and are high risk investments. Substantial price fluctuations may cause the value of your holdings to increase or decrease significantly at any time. Therefore, before deciding to trade, please evaluate the risks involved based on your financial strength and experience. Your actual returns and losses will depend on a number of factors including, but not limited to, market behavior, market trends and the size of your trade. None of the information provided in this post constitutes investment advice and BYDFi does not recommend that you buy, sell or hold any cryptocurrency. Please do proper research and consult your financial advisor before making any investment decision.

Observe Market Depth Through Order Book

How to Read Order Book Market Depth｜BYDFi Help Center

The Spot Grid Bot on BYDFi helps traders automate a “buy low, sell high” strategy in the spot market. Sometimes, you may want to stop the bot, secure your tokens, and review your trading performance. This guide explains step by step how to stop a Spot Grid Bot and view your profit history directly from the BYDFi mobile app. <h2>🛑 How to Stop a Spot Grid Bot on the BYDFi App</h2><h3>1. Open the Running Spot Grid Bot</h3><ul><li>Log in to your BYDFi App.</li><li>Navigate to the Spot Grid bot currently running.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1759375951493.image.png" alt="BYD.1759375951493.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759375951493.image.png" style="width: 50%;"/><h3>2. Tap the Stop Button</h3><ul><li>On the Spot Grid page, tap the Stop button to terminate the bot.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1759386279328.image.png" alt="BYD.1759386279328.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759386279328.image.png" style="width: 50%;"/><h3>3. Choose an Option</h3><ul><li>Terminate & Sell – Close your position by selling all tokens. </li><li>Terminate & Keep – End the bot but keep your tokens in your wallet.</li><li>Tap Confirm to finalize your choice.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1759386303405.image.png" alt="BYD.1759386303405.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759386303405.image.png" style="width: 50%;"/><h2>📊 How to View Spot Grid Bot Trade History</h2><h3>1. Go to the “History” Section</h3>After stopping the bot, open the History section.Here you can see: <ul><li>Total profit earned</li><li>Configured trading parameters</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1759385483595.image.png" alt="BYD.1759385483595.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759385483595.image.png" style="width: 50%;"/><h3>2. Tap “Detail” for Full Records</h3>View detailed information such as: <ul><li>Bot creation time </li><li>Complete transaction history</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1759385509669.image.png" alt="BYD.1759385509669.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759385509669.image.png" style="width: 50%;"/><h3>3. Copy or Share Results</h3>Copy the bot’s parameters to reuse in future strategies.<img src="https://uploads.bydfi.in/events/cms/BYD.1759385546186.image.png" alt="BYD.1759385546186.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759385546186.image.png" style="width: 50%;"/>Share your profit history directly with friends or on social platforms.<img src="https://uploads.bydfi.in/events/cms/BYD.1759385583684.image.png" alt="BYD.1759385583684.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1759385583684.image.png" style="width: 50%;"/><h2>✅ Key Takeaways</h2><ul><li>Stop a Spot Grid Bot anytime in the BYDFi App by choosing to sell tokens or hold them.</li><li>Review trade history including profits, parameters, and transaction details.</li><li>Use the Copy function to quickly apply proven strategies.</li><li>Share performance results with your community for transparency.</li></ul>👉 With the BYDFi App, managing your Spot Grid Bots is simple and efficient. By stopping bots and reviewing performance, you can optimize strategies, track profits, and improve your spot trading results.

How to Stop Spot Grid Bot and View Trade History (APP)

How to Stop Spot Grid Bot & View Trade History (APP)｜BYDFi Help Center

The Share Profit Orders feature on BYDFi allows traders to publicly display their trading orders, share strategies, and showcase results. By sharing orders, you can not only highlight your trading experience and profit history but also build transparency and trust within the community. This feature also enables participation in platform campaigns, increasing opportunities for rewards and exposure. <h2>Benefits of Sharing Profit Orders</h2><ul><li>Showcase performance – Share your trading results to highlight your skills.</li><li>Build trust – Increase transparency and credibility within the BYDFi trading community.</li><li>Engage with users – Interact with other traders and exchange strategies.</li><li>Join events – Use shared profit orders to participate in special campaigns and earn rewards.</li></ul> <h2>How to Share Profit Orders on BYDFi (PC)</h2><h3>1. Access Derivatives</h3><ul><li>Log in to your BYDFi account on PC.</li><li>Click on Derivatives → USDT-M to enter the trading section.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758613523085.image.png" alt="BYD.1758613523085.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758613523085.image.png" style="width: 100%;"/><h3>2. Open Positions Page</h3><ul><li>Go to the Positions page to view your open orders.</li><li>Click on the Share button next to the order you want to display.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758613574988.image.png" alt="BYD.1758613574988.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758613574988.image.png" style="width: 100%;"/><h3>3. Share Your Order</h3><ul><li>Choose to save the image to your device or share directly on social media platforms such as Twitter, Telegram, or Facebook.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758613616783.image.png" alt="BYD.1758613616783.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758613616783.image.png" style="width: 100%;"/><h2>Key Notes</h2><ul><li>Shared profit orders can increase your visibility and credibility as a trader.</li><li>Orders can be used for platform events and reward activities.</li><li>Make sure to double-check your positions before sharing to present accurate data.</li></ul> ✅ By using the Share Profit Orders (PC) feature on BYDFi, you can build a stronger reputation, engage with the community, and unlock more opportunities for growth and rewards.

How to Share Your Profit Orders on BYDFi (PC)

How to Share Profit Orders on BYDFi (PC)｜BYDFi Help Center

Looking for a fast and easy way to buy crypto? BYDFi’s One-Click Buy feature allows you to purchase cryptocurrencies in just a few simple steps. This guide will walk you through the process of buying crypto on your desktop using One-Click Buy.💡 Note: You must complete <a href="https://www.bydfi.com/en/user/account-overview" target="_blank">KYC verification</a> before purchasing crypto on BYDFi. <h2>Step 1: Log In and Access One-Click Buy</h2><ul><li>Log in to your BYDFi account.</li><li>Hover over “Buy Crypto” in the top navigation bar.</li></ul>Click “One-Click Buy/Sell” from the dropdown menu.<img src="https://uploads.bydfi.in/events/cms/BYD.1753422944115.image.png" alt="BYD.1753422944115.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1753422944115.image.png" style="width: 100%;"/><h2>Step 2: Select Currency and Amount</h2><ul><li>Choose your preferred fiat currency (e.g., USD, EUR) and cryptocurrency (e.g., BTC, ETH) from the dropdown menus.</li><li>Enter the amount you want to pay in fiat.</li><li>The system will automatically calculate and display the amount of crypto you will receive.</li><li>Click “Buy” to continue.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1753422987430.image.png" alt="BYD.1753422987430.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1753422987430.image.png" style="width: 100%;"/>📌 Tip: Review the comparison of different payment methods to choose the best option for you.<img src="https://uploads.bydfi.in/events/cms/BYD.1753423013954.image.png" alt="BYD.1753423013954.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1753423013954.image.png" style="width: 100%;"/><h2>Step 3: Choose a Payment Method</h2>You can either:<ul><li>Use the system-recommended method, or</li><li>Manually select a payment provider based on your preferences.</li></ul>🔍 BYDFi recommends the best available method based on real-time rates from trusted third-party providers.<img src="https://uploads.bydfi.in/events/cms/BYD.1753423047789.image.png" alt="BYD.1753423047789.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1753423047789.image.png" style="width: 100%;"/><h3>Option 3.1: Buy Crypto with Fiat Balance</h3>If your balance is insufficient, click “Bank Transfer” to add funds. 👉 Guide: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/m9dlrvvdigwn" target="_blank">How to Deposit Fiat via Bank Transfer</a><img src="https://uploads.bydfi.in/events/cms/BYD.1753423077639.image.png" alt="BYD.1753423077639.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1753423077639.image.png" style="width: 100%;"/>If your balance is sufficient: <ul><li>You’ll be directed to the Confirm Order page. </li><li>Click “Confirm” to complete the purchase. </li><li>Crypto will be credited to your Spot Account within 1 hour.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524138062.image.png" alt="BYD.1749524138062.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524138062.image.png" style="width: 100%;"/><h3>Option 3.2: Buy Crypto with Credit/Debit Card</h3><ul><li>Want to pay with a card? 👉 Read: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/rg2mumq3kglk" target="_blank">How to Buy Crypto with Credit or Debit Card</a></li></ul> <h3>Option 3.3: Buy Crypto via Third-Party Providers</h3><ul><li>Under “Payment Channel,” click “View More” to see available providers.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524351734.image.png" alt="BYD.1749524351734.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524351734.image.png" style="width: 100%;"/><ul><li>Choose a provider from the list and confirm the order.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524437841.image.png" alt="BYD.1749524437841.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524437841.image.png" style="width: 100%;"/><ul><li>Click “Confirm” to be redirected to the provider’s website for payment.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524493378.image.png" alt="BYD.1749524493378.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524493378.image.png" style="width: 100%;"/>⚠️ Note: Exchange rates are estimates. Final amounts are determined on the provider’s page. Most third-party services require separate KYC verification. <h2>Step 4: Check Your Order History</h2><ul><li>Click “Orders” in the top-right corner of the screen.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524764800.image.png" alt="BYD.1749524764800.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524764800.image.png" style="width: 100%;"/><ul><li>View your transaction history and order status anytime.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524833905.image.png" alt="BYD.1749524833905.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524833905.image.png" style="width: 100%;"/> <h2>Step 5: FAQs and Customer Support</h2><ul><li>Need help? Click the FAQ link in the top-right corner.</li><li>Or contact BYDFi <a href="mailto:cs@bydfi.com" target="_blank">Customer Support</a> for 24/7 assistance.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1749524894871.image.png" alt="BYD.1749524894871.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1749524894871.image.png" style="width: 100%;"/>

How to Buy Crypto with One-Click Buy? (PC)

How to Buy Crypto with One-Click Buy (PC)｜BYDFi Help Center

Learning how to check your positions, closing methods, and trade history in the APP is essential for improving your futures trading performance. By analyzing this data, you can identify trading patterns, make data-driven decisions, and optimize your overall trading strategy. This guide explains the main features of the Contract Positions page in the APP. <h2>Positions and Open Orders</h2>On the trading page, you can view your current positions and open orders, including the following information:<ul><li>Trading Contract: The contract you are trading.</li><li>Order Direction: Long or short.</li><li>Position Size: Calculated using the formula: Position Size = Margin × Leverage ÷ Entry Price. Example: Using 1,000 USDT margin with 20× leverage to buy BTC contracts worth 10,000 USDT results in a position size of 2 BTC.</li><li>Unrealized PnL: Displays the floating profit or loss of your current position.</li><li>Profit Rate: Percentage return of the position.</li><li>Average Entry Price: The average price at which the position was opened.</li><li>Liquidation Price: The price at which the system will automatically liquidate your position.</li></ul>You can set or modify Take Profit/Stop Loss directly on this page and manage your pending orders.<img src="https://uploads.bydfi.in/events/cms/BYD.1756881864511.image.png" alt="BYD.1756881864511.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881864511.image.png" style="width: 50%;"/> <h2>Closing Methods</h2>In the APP, positions can be closed in several ways:<h3>Manual Closing</h3>Users can manually close positions to end their trades.<img src="https://uploads.bydfi.in/events/cms/BYD.1756881555386.image.png" alt="BYD.1756881555386.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881555386.image.png" style="width: 50%;"/><h3>System Closing (Take Profit/Stop Loss)</h3>The system automatically closes positions when the market price reaches your set Take Profit or Stop Loss levels.<img src="https://uploads.bydfi.in/events/cms/BYD.1756881594241.image.png" alt="BYD.1756881594241.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881594241.image.png" style="width: 50%;"/><h3>Insufficient Balance</h3>If your account balance is insufficient to cover funding fees, the system will automatically close your positions to prevent further losses. <h2>Trade History</h2>Tap the Orders icon on the trading page to view detailed information about past trades:<ul><li>Trading Pair: Displays the traded asset and leverage used.</li><li>Price: The entry price of the order.</li><li>Quantity (Position Size): Calculated as: Position Size = Margin × Leverage ÷ Entry Price. Example: Using 1,000 USDT margin with 20× leverage to buy BTC contracts worth 10,000 USDT results in a position size of 2 BTC.</li><li>Fee: The fee charged for the transaction.</li><li>PnL / PnL%: Shows your realized profit or loss (excluding fees and funding costs).</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1756881815427.image.png" alt="BYD.1756881815427.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881815427.image.png" style="width: 50%;"/><img src="https://uploads.bydfi.in/events/cms/BYD.1756881772857.image.png" alt="BYD.1756881772857.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881772857.image.png" style="width: 50%;"/> <h2>Fund Records</h2>On the Fund Records page, you can track all historical changes in your account balance, including details for each transaction:<ul><li>Asset: The type of asset used in the transaction (e.g., USDT).</li><li>Contract: The associated contract (e.g., SKATE-USDT).</li><li>Type: The category of fund change, such as trading fees, liquidation fees, or funding fees.</li><li>Fund Type: Indicates the source of funds (e.g., cash or bonus).</li><li>Amount: The value of the fund change; positive for deposits or gains, negative for withdrawals or deductions.</li><li>Account Balance: Remaining account balance after the transaction.</li><li>Time: Timestamp of the fund change.</li></ul>This page allows you to fully track every fund movement, including the use of bonuses or contract deduction funds, helping you manage your assets effectively.<img src="https://uploads.bydfi.in/events/cms/BYD.1756881688302.image.png" alt="BYD.1756881688302.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1756881688302.image.png" style="width: 50%;"/>

Explanation of Positions, Closings, and Trade History (APP)

Positions, Closings & Trade History (APP)｜BYDFi Help Center

Learning how to check your positions, closing methods, and trade history on the PC version of BYDFi is essential for improving your futures trading performance. By analyzing this data, you can identify trading patterns, make informed decisions, and optimize your overall trading strategy. This guide explains the main features of the Contract Positions page on PC. <h2>Positions and Open Orders</h2>On the Futures trading page (PC), you can view your current positions and open orders, which display key trading data, including:<ul><li>Trading Contract – The contract you are trading.</li><li>Order Direction – Long or Short.</li><li>Position Size – Calculated using the formula: Position Size = Margin × Leverage ÷ Entry Price Example: Using 1,000 USDT margin with 20× leverage to buy BTC contracts worth 10,000 USDT results in a position size of 2 BTC.</li><li>Unrealized PnL – Floating profit or loss of your current position.</li><li>Profit Rate – Percentage return of the position.</li><li>Average Entry Price – The average price at which your position was opened.</li><li>Liquidation Price – The price at which the system will automatically liquidate your position.</li></ul>➡️ You can also set or modify Take Profit (TP) and Stop Loss (SL) directly on this page and manage pending orders efficiently.<img src="https://uploads.bydfi.in/events/cms/BYD.1758618556914.image.png" alt="BYD.1758618556914.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758618556914.image.png" style="width: 100%;"/> <h2>Closing Methods</h2>On PC, positions can be closed in several ways:<h3>1. Manual Closing</h3>You can manually close a position at any time to lock in profits or cut losses.<img src="https://uploads.bydfi.in/events/cms/BYD.1758618674236.image.png" alt="BYD.1758618674236.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758618674236.image.png" style="width: 100%;"/><h3>2. System Closing (TP/SL)</h3>The system will automatically close positions once the market price hits your preset Take Profit or Stop Loss levels.<img src="https://uploads.bydfi.in/events/cms/BYD.1758618624549.image.png" alt="BYD.1758618624549.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758618624549.image.png" style="width: 100%;"/><h3>3. Insufficient Balance</h3>If your account balance cannot cover funding fees, the system will automatically close your positions to prevent further losses. <h2>Trade History</h2>Click the Orders tab on the trading page to view detailed records of past trades, including:<ul><li>Trading Pair – The traded asset and leverage used.</li><li>Price – The entry price of the order.</li><li>Quantity (Position Size) – Formula: Margin × Leverage ÷ Entry Price Example: 1,000 USDT margin × 20× leverage ÷ 10,000 USDT = 2 BTC position size.</li><li>Fee – Transaction fee charged.</li><li>PnL / PnL% – Realized profit or loss (excluding fees and funding costs).</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758618736581.image.png" alt="BYD.1758618736581.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758618736581.image.png" style="width: 100%;"/><h2>Fund Records</h2>In the Fund Records page (PC), you can track every change in your account balance, including detailed information for each transaction:<ul><li>Asset – Asset type used in the transaction (e.g., USDT).</li><li>Contract – The associated trading contract (e.g., SKATE-USDT).</li><li>Type – The category of fund change (e.g., trading fees, liquidation fees, or funding fees).</li><li>Fund Type – Source of funds (e.g., cash or bonus).</li><li>Amount – Positive for deposits/gains, negative for withdrawals/deductions.</li><li>Account Balance – Remaining balance after the transaction.</li><li>Time – Timestamp of the fund change.</li></ul>➡️ This section gives you a full overview of every fund movement, including the use of bonuses or deduction funds, helping you manage assets more effectively.<img src="https://uploads.bydfi.in/events/cms/BYD.1758618781717.image.png" alt="BYD.1758618781717.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758618781717.image.png" style="width: 100%;"/>

Explanation of Positions, Closings, and Trade History (PC)

Positions, Closings & Trade History Explained (PC)｜BYDFi Help Center

When trading Perpetual Contracts on the BYDFi App, controlling position risk is equally important. Below, we explain how you can manage trading risks directly through the app features. <h2>Core Principles of Risk Management</h2><ul><li>Stop-Loss Orders: Set timely stop-loss levels to prevent losses from expanding.</li><li>Position Sizing: Adjust your position size based on capital allocation and risk tolerance.</li><li>Diversification: Avoid concentrating all funds in a single asset to reduce risk.</li><li>Leverage Management: Keep leverage at a sustainable level to avoid excessive exposure.</li><li>Market Awareness: Monitor price volatility, liquidity, and news events that may affect your trades.</li></ul> <h2>Risk Control Features in BYDFi Perpetual Contracts (APP)</h2><h3>🔹 Add Margin</h3><ul><li>On the Positions page, you can directly add margin to reduce leverage and adjust the liquidation price. 👉 Learn more: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/d8kgvj5o2ynk" target="_blank">Auto Add Margin</a></li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758103097422.image.png" alt="BYD.1758103097422.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758103097422.image.png" style="width: 50%;"/><img src="https://uploads.bydfi.in/events/cms/BYD.1758103117443.image.png" alt="BYD.1758103117443.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758103117443.image.png" style="width: 50%;"/><h3>🔹 Modify Stop-Loss Price</h3><ul><li>On the Perpetual Contracts page, you can set or adjust your stop-loss price.</li><li>The default stop-loss ratio is 100%. 👉 Learn more: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/gtzisowhugy1?title=What+is+the+Difference+Between+the+Mark+Price+and+the+Last+Price+Trigger%3F" target="_blank">Stop-Loss Triggers: Mark Price vs. Last Price</a></li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758103141235.image.png" alt="BYD.1758103141235.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758103141235.image.png" style="width: 50%;"/><img src="https://uploads.bydfi.in/events/cms/BYD.1758103156133.image.png" alt="BYD.1758103156133.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758103156133.image.png" style="width: 50%;"/> ⚠️ Disclaimer: This article is for educational and risk management purposes only and does not constitute investment advice. Please carefully evaluate your own trading situation before taking action.

How to Control Position Risk in BYDFi Perpetual Contracts (APP)

How to Place Line Orders on BYDFi (APP)｜BYDFi Help Center

In cryptocurrency trading, effective position risk management is one of the keys to success. By applying the right strategies, traders can protect their capital and reduce potential losses. <h2>What Is Position Risk?</h2>Position risk refers to the potential losses a trade may face when the market moves in an unfavorable direction. Key factors include:<ul><li>Position size: The larger the position, the higher the risk.</li><li>Leverage ratio: Higher leverage magnifies both potential gains and potential losses.</li><li>Market volatility: Rapid price changes have a direct impact on open positions.</li></ul> <h2>Key Strategies to Control Position Risk</h2><h3>1. Set Stop-Loss Orders</h3>A stop-loss order automatically closes a position once the price reaches a preset level, ensuring losses remain within an acceptable range.<h3>2. Manage Position Size</h3>Always size your trades according to your personal risk tolerance to avoid overexposing your account.<h3>3. Diversify Investments</h3>Avoid allocating all funds into a single asset or trade. Diversification helps spread risk across different markets and reduces the impact of one position.<h3>4. Use Leverage Cautiously</h3>While leverage can increase returns, it also amplifies losses. Keep leverage at a reasonable level, especially in highly volatile markets.<h3>5. Monitor Market Conditions</h3>Regularly evaluate market volatility, liquidity, and upcoming news or events. These factors can significantly impact price movements and position risk. <h2>Risk Management Features in BYDFi Perpetual Contracts (PC)</h2><h3>🔹 Add Margin</h3><ul><li>On the Positions page, you can manually add margin to lower leverage and adjust the liquidation price. 👉 Learn more here: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/d8kgvj5o2ynk" target="_blank">Add Margin in Perpetual Contracts</a></li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758102569683.image.png" alt="BYD.1758102569683.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758102569683.image.png" style="width: 100%;"/><h3>🔹 Modify Stop-Loss Price</h3><ul><li>On the Perpetual Contracts trading page, you can directly edit the stop-loss level.</li><li>The default stop-loss ratio is 100%. 👉 Learn more here: <a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/gtzisowhugy1?title=What+is+the+Difference+Between+the+Mark+Price+and+the+Last+Price+Trigger%3F" target="_blank">Stop-Loss Triggers: Mark Price vs. Last Price</a></li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1758102599050.image.png" alt="BYD.1758102599050.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758102599050.image.png" style="width: 100%;"/>⚠️ Disclaimer: This content is for educational purposes only and does not constitute investment advice. Please evaluate carefully before making any trading decisions.

How to Control Position Risk in BYDFi Perpetual Contracts (PC)

How to Control Position Risk in BYDFi (PC)｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms1736162403814OoNnEG7Jelux.png" alt="image.png" data-href="" style="width: 100%;"/>When trading BYDFi perpetual contracts, traders pay different fees depending on whether their order is classified as a Maker or a Taker.Understanding the difference is important because it affects both your trading costs and your strategy. <h2>Maker vs Taker: The Key Difference</h2><ul><li>Maker = Adds liquidity to the market.</li><li>Taker = Removes liquidity from the market.</li></ul>Liquidity simply means how much buying and selling activity exists in the order book. Makers help create market depth, while Takers use (or "take") that liquidity. <h2>What Is a Maker?</h2><ul><li>A Maker order is a limit order that is not executed immediately.</li><li>By placing such an order, you are "making" liquidity in the market because your order sits in the order book, waiting for someone else to match it.</li><li>Maker orders are typically more cost-efficient for traders who are patient.</li></ul>Example: BTC price is 140,000 USDT.<ul><li>You place a Limit Buy Order at 138,800 USDT.</li><li>Since it is below the current market price, your order goes into the order book and waits for a seller.</li><li>This makes you a Maker.</li></ul>👉 Maker Fee Rate on BYDFi: 0.02% <h2>What Is a Taker?</h2><ul><li>A Taker order is one that gets matched and executed immediately.</li><li>This includes market orders and limit orders that instantly match with an existing order in the order book.</li><li>Takers "take away" liquidity because they remove available orders.</li></ul>Example: BTC price is 140,000 USDT.<ul><li>You place a Market Buy Order.</li><li>Your order is instantly filled at the best available price in the order book (e.g., 140,000.5 USDT).</li><li>This makes you a Taker.</li></ul>👉 Taker Fee Rate on BYDFi: 0.06% <h2>Maker vs Taker Fee Rates on BYDFi</h2><table style="width: auto;"><tbody><tr><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Role</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Order Type</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Action</th><th colspan="1" rowspan="1" width="auto" style="text-align: center;">Fee Rate</th></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Maker</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Limit order (not filled immediately)</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Adds liquidity</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">0.02%</td></tr><tr><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Taker</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Market order or limit order (immediately filled)</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">Removes liquidity</td><td colspan="1" rowspan="1" width="auto" style="text-align: center;">0.06%</td></tr></tbody></table> <h2>Why Does It Matter?</h2><ul><li>Makers generally pay lower fees (0.02%) because they provide liquidity and help the exchange run smoothly.</li><li>Takers pay higher fees (0.06%) because they demand instant execution, removing liquidity.</li><li>Traders who want to save on fees often prefer Maker strategies (placing patient limit orders).</li><li>Traders who prioritize speed and certainty often use Taker strategies (market orders).</li></ul> <h2>Related Resources</h2>For more details, you can also check:<ul><li><a href="https://www.bydfi.com/server/en/support/FAQs/articles/on7fv1tccy2h" target="_blank">Transaction Fee Calculation</a></li><li><a href="https://www.bydfi.com/server/en/support/FAQs/articles/v3g17kzsexfg" target="_blank">Funding Fee Calculation</a></li><li><a href="https://www.bydfi.com/server/en/support/FAQs/articles/ipjvewuuebgm" target="_blank">When Will the Transaction Fees Be Charged?</a></li></ul>

What is Maker/Taker?

What Is Maker/Taker?｜BYDFi Help Center

A Reduce Only order is a special type of order designed to reduce or close an existing position — it will never increase your position size or open a new one. This order type is widely used for risk management and capital control, helping traders avoid overexposure and unexpected reverse positions. <h2>Key Benefits of Reduce Only Orders</h2><ul><li>✅ Risk management: Prevents unwanted increases in exposure.</li><li>✅ Capital control: Lets you scale down positions according to market conditions.</li><li>✅ Trade protection: Avoids accidental reverse orders when stop-loss or take-profit orders are triggered.</li></ul>👉 In short, Reduce Only ensures that your order will only decrease your open position size, never add to it. <h2>Example of a Reduce Only Order</h2>A trader holds a long position of 20,000 USDT with:<ul><li>A stop-loss set at 18,000 USDT</li><li>A take-profit limit order set at 22,000 USDT</li></ul>Scenario:<ol><li>The market first drops to 18,000 USDT (stop-loss triggers).</li><li>Then the price rebounds to 22,000 USDT.</li></ol><ul><li>If the trader enabled Reduce Only, no reverse short position will be opened at 22,000 USDT.</li><li>If Reduce Only was not selected, the 22,000 USDT take-profit order could create a reverse position.</li></ul>⚠️ This shows how Reduce Only helps avoid unexpected opposite positions. <h2>How to Set a Reduce Only Order on BYDFi</h2><h3>On APP</h3>Make sure you are in One-Way Position Mode (check at the top right of the trading panel).<img src="https://uploads.bydfi.in/events/cms/BYD.1758100944722.image.png" alt="BYD.1758100944722.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758100944722.image.png" style="width: 50%;"/>Tick the Reduce Only checkbox when placing your order.<img src="https://uploads.bydfi.in/events/cms/BYD.1758100971051.image.png" alt="BYD.1758100971051.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1758100971051.image.png" style="width: 50%;"/> <h2>When to Use Reduce Only Orders</h2><ul><li>You want to close or decrease an existing position without risk of opening a new one.</li><li>You are managing stop-loss and take-profit orders.</li><li>You want to prevent reverse orders caused by market volatility.</li></ul> <h2>Summary</h2><ul><li>Reduce Only orders are a powerful tool for controlling exposure in derivatives trading.</li><li>They ensure that your trades will only reduce your current position, never increase it.</li><li>Ideal for stop-loss and take-profit strategies to avoid reverse positions.</li><li>Available on both BYDFi PC and App platforms.</li></ul> ✅ By using Reduce Only orders on BYDFi, you can trade safer, manage risks effectively, and protect your capital against unexpected market moves.

How to Use Reduce Only Order on BYDFi (APP)

How to Use Reduce-Only Order on BYDFi (APP)｜BYDFi Help Center

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 When a user opens a position, the user's wallet needs a certain initial margin to open the position. In addition, if the trigger price is lower than the mark price when the user places an order, an "opening loss" will occur. Therefore, users need more margin to avoid liquidation when opening a position. Opening Cost = Initial Margin + Open Loss (If any) Step 1: Calculate the Position Value Position Value = Par Value * Cont / Entry Price Position Value = (1 USD * 10000) / 65000 USD = 0.15384615 BTC Step 2: Calculate the Initial Margin ( 10X Leverage) Initial Margin = 0.15384615 BTC / 10 =0.01538462 BTC Step 3: Calculate the Open Loss Open Loss = Absolute Value {Minimum [0, Number of Orders x Contract Multiplier x (1 / Order Price - 1 / Mark Price)]} Open Loss for Long Positions: = Absolute Value {Minimum [0.10000 x 1x (1 / 65,000 USD - 1 / 64,802 USD)]} = 0.00047007BTC Open Loss for Short Positions: = Absolute Value {Minimum [0.10000 x 1x (1 / 64,802 USD - 1 / 65,000 USD)]} = 0 Step 4: Calculate Opening Cost Since there is an opening loss on the long position, the opening cost of the long position requires an additional opening loss in addition to the initial margin in order to avoid liquidation when opening the position. Long Position Opening Cost: 0.01538462 BTC + 0.0004700 BTC = 0.01585462 BTC (difference due to rounding off) The short order is open without an opening loss, so the opening cost of the short order is the initial margin. Short Position Opening Cost: 0.01538462 BTC + 0 = 0.01538462 BTC
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Opening Cost Calculation

Opening Cost Calculation｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cmsBYD.1735301417084.image.png" alt="BYD.1735301417084.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735301417084.image.png" style="width: 100%;"/>In the cryptocurrency market, prices are highly volatile and investors and traders are often exposed to significant price risk. In order to manage these risks, many investors choose to hedge their positions using currency-based sustainable contracts. What is Hedging?While buying/selling, you can sell/buy the same amount but in the opposite direction of contracts at BYDFi as a way to protect against risk and offset losses due to price movements. In times of market instability, you can ensure the value of your crypto currency holdings. Here is an example of how you can hedge through a COIN-M Perpetual Contract on BYDFi: FIBO purchases and holds one ETH at the price of 3,000 and purchases the following specification contracts through BYDFi. Product: ETHUSD COIN-M Perpetual Contract Specification: 1X Leverage/Short If the price of ETH remains at 3,000 There is no profit or loss on positions. If the price of ETH drops to 1,500 There is an opening position of 1 ETH. When the user closes the position, he will have the original 1 ETH + 1 ETH position profit = 2 ETH. Even if the market price drops by half, the total value of the position remains the same. If the price of ETH rises to 6,000 There is an opening position of 0.5 ETH. When the user closes the position, he will have the original 1 ETH - 0.5 ETH position loss = 0.5 ETH. 0.5 ETH = $3,000, so the total value of the holdings remains the same. If the user only holds 1 ETH, he will face a higher risk if the market rises or falls as mentioned above. However, through this method of operation, users can still achieve a hedge even if the market is unstable. Note: The above calculation of profit and loss does not include transaction fees. Advantages and Risks of Hedging Advantages:<ul><li>Risk reduction: By hedging, you can protect your spot position from losses during price fluctuations.</li><li>Flexibility: Currency-based perpetual contracts allow you to open and close positions at any time, providing you with the flexibility to respond to market movements.</li><li>Long-term use: Since the perpetual contract has no expiration date, you can hold the hedged position for a long time.</li></ul>Risk:<ul><li>Transaction costs: Handling fees will be incurred for each trade and may be higher especially if positions are adjusted frequently.</li><li>Funding Costs: A perpetual contract involves a funding rate, which is a cost for the duration of the position and may increase when market funding rates are unfavorable to you.</li><li>Leverage Risk: Hedging with leverage can be more capital efficient, but it can also increase risk, especially during times of high market volatility.</li></ul>Hedging with currency-based perpetual contracts is an effective risk management strategy to protect your assets in the event of high volatility in the cryptocurrency market. By properly calculating the contract size, opening short positions, monitoring market movements, and adjusting positions at any time, you can minimize your risk and invest securely during market volatility.

How to Hedge with COIN-M Perpetual Contracts

Hedging with COIN-M Perpetual Contracts｜BYDFi Help Center

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 <img src="https://uploads.bydfi.in/events/cmsBYD.1735300655567.image.png" alt="BYD.1735300655567.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735300655567.image.png" style="width: 100%;">Regardless of any trades, it is important to understand how P&amp;L is calculated before entering one.We will introduce them one by one in order so that traders can understand exactly how the following variables affect the calculation of profit and loss.
 
 Average Entry Price (AEP) of Position
 In BYDFi's COIN-M trading (BTCUSD, ETHUSD, DOTUSD, and XRPUSD), whenever traders add on to their position, the average entry price will change.
 
 Example: FIBO now holds a long position of 1,000 BTCUSD with the opening price of 5,000 USD. An hour later, FIBO decides to open an additional position of 2,000 with an opening price of 6,000 USD.
 
 Average Entry Price = Contract Quantity / Total Contract Value in BTC Contract Quantity = 1,000 + 2,000 &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;= 3,000
 
 Total Contract Value in BTC = (1,000 / 5,000) + (2,000 / 6,000) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;= 0.53333334 BTC
 
 Average Entry Price = 3,000 / 0.53333334 BTC &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; 　 　 = 5,625 USD
 
 Contract Value (Position) = Contract Quantity * Contract Multiplier / Average Entry Price
 
 Unrealized Profit and Loss (P&amp;L)
 Once the order is filled, the position and its unrealized profit and loss can be instantly seen in the position area.
 
 The formula for calculating unrealized profit and loss will be different according to the direction of your trade. Long Positions Example: FIBO holds a long position of 1,000 BTCUSD with an entry price of 5,000 USD. When the current mark price in the position table is displayed as 5,500 USD, the unrealized profit and loss will be displayed as 0.01819 BTC.
 
 Unrealized Profit and Loss = Contract Quantity * [(1/ Average Entry Price) - (1 / Current Mark Price)]
 = 1,000 * [(1 / 5,000) - (1/ 5,500)] = 1,000 * 0.00001819 BTC = 0.01819 BTC
 
 Short Positions Example: FIBO holds a short position of 1,000 BTCUSD with an entry price of 5,000 USD. When the current mark price in the order table is displayed as 4,500 USD, the unrealized profit and loss will be displayed as 0.02223 BTC.
 
 Unrealized Profit and Loss = Contract Quantity * [(1 / Current Mark Price) - (1/ Average Entry Price)]
 = 1,000 * [(1 / 4,500) - (1 / 5,000)] = 1,000 * 0.00002223 BTC = 0.02223 BTC
 
 Notice:
 <ul>
 <li>In COIN-M Perpetual Contracts, your profit and loss are settled in the underlying assets, not in USD. The US dollar (USD) here is mainly used as a quotation mechanism, just for traders' reference.</li>
 <li>It refers to the fluctuation in the price (such as 500 USD), and it does not necessarily mean that you have won or lost 500 USD.</li>
 <li>When the leverage is increased, it will not directly affect your profit or loss. On the contrary, profit and loss are determined by position size and price fluctuations. In simple terms: The higher the leverage, the lower the margin collateral needed to open your position. The larger the contract quantity, the bigger the profit or loss. The greater the distance between the price and the entry price, the greater the profit or loss.</li>
 <li>The default unrealized P&amp;L is shown based on the Last Mark Price. Place the mouse on the displayed number and the unrealized P&amp;L will be displayed at the mark price.</li>
 <li>Lastly, it is important to note that the calculation of unrealized P&amp;L does not include any transaction fees or funding fees paid or received by the trader in the course of opening, closing, or holding a position.</li>
 </ul>
 
 Percentage of Unrealized P&amp;L (%)
 Unrealized P&amp;L % basically shows the return on investment (ROI) of this position in percentage form. &nbsp;Just like unrealized profit and loss, this figure is constantly changing with the latest market price. Therefore, the formula for the percentage of unrealized profit and loss is as follows:
 
 Percentage of Unrealized P&amp;L (%) = [Unrealized Profit and Loss / Initial Margin] * 100% Initial Margin = (Position Value * Initial Margin Rate) + Transaction Fee Notice:
 <ul>
 <li>There is a misconception among some traders that increasing your leverage will not increase your unrealized profit. An increase in the P&amp;L% is actually due to the decrease in the margin used for the position, not an increase in the actual profit.</li>
 </ul>
 Closed P&amp;L 
 When the trader finally closes the position, the profit and loss are finally realized, and the record can be found in the trade history.
 <table style="width: 100%;">
 <tbody>
 <tr>
 <td colspan="1" rowspan="1" width="auto"> </td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Calculation of Unrealized P&amp;L </td>
 <td colspan="1" rowspan="1" width="auto">Calculation of Closed P&amp;L</td>
 </tr>
 <tr>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Position Profit and Loss (P&amp;L)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 <tr>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trading Fee(s)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">NO</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 <tr>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Funding Fee(s)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">NO</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 </tbody>
 </table>
 Closed P&amp;L = Position P&amp;L - Opening Fee - Closing Fee - Total Funding Fee Paid/Received
 
 FIBO holds a short position of 1,000 BTCUSD with an entry price of 5,000 USD. When the latest market price is displayed as 4,500 USD, FIBO decides to close the entire position through the market price. Assume that FIBO also opened the position through a market order and paid a total of 0.00005 BTC as funding fees during the position period.
 
 Based on our previous calculation: Position P&amp;L = 0.02223 BTC (Profit) Opening Fee = (1000 / 5000) x 0.06% = &nbsp;0.00012 BTC Closing Fee &nbsp; = (1000 / 4500) x 0.06% = &nbsp;0.00013 BTC Total Funding Charges Paid / Received = 0.00005 BTC (Paid) Closed P&amp;L = 0.02223 - 0.00012 - 0.00013 - 0.00005 = 0.02193 BTC
 
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P&L Calculations (COIN-M)

P&L Calculation (COIN-M)｜BYDFi Help Center

<html>
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 <img src="https://uploads.bydfi.in/events/cmsBYD.1735298049579.image.png" alt="BYD.1735298049579.image.png" data-href="https://uploads.bydfi.in/events/cmsBYD.1735298049579.image.png" style="width: 100%;">Regardless of any trades, it is important to understand how P&amp;L is calculated before entering one. We will introduce them one by one in order so that traders can understand exactly how the following variables affect the calculation of profit and loss.
 
 Average Entry Price (AEP) of Position
 In BYDFi's USDT-M trading, whenever traders add on to their position, the average entry price will change.
 
 Example: FIBO now holds a long position of 0.1 BTCUSDT with the opening price of 40,000 USDT. An hour later, FIBO decides to open an additional position of 0.1 with an opening price of 42,000 USDT.
 
 Average Entry Price = Total Contract Value in USDT / Contract Quantity Total Contract Value = [(Contract Quantity 1 * Price 1) + (Contract Quantity 2 * Price 2)...]
 
 Total Contract Value = [ (Contract Quantity 1 * Price 1) + (Contract Quantity 2 * Price 2) ]
 = [ (0.1 * 40,000) + (0.1 * 42,000) ] = 8,200
 
 Contract Quantity = 0.1 + 0.1= 0.2 BTC Average Entry Price = 8,200 / 0.2 = 41,000
 
 Unrealized Profit and Loss (P&amp;L)
 Once the order is filled, the position and its unrealized profit and loss can be instantly seen in the position area.
 The formula for calculating unrealized profit and loss will be different according to the direction of your trade. Long Positions Example: FIBO holds a long position of 0.2 BTCUSDT with an entry price of 41,000 USDT. When the current mark price in the position table is displayed as 43,000 USDT, the unrealized profit and loss will be displayed as 400 USDT.
 Unrealized Profit and Loss = Contract Quantity * (Current Mark Price - Position Entry Price)
 = 0.2 * (43,000 - 41,000)= 400 USDT
 
 Short Positions Example: FIBO holds a short position of 0.4 BTCUSDT with an entry price of 40,000 USDT. When the current mark price in the order table is displayed as 39,000 USDT, the unrealized profit and loss will be displayed as 400 USDT. Unrealized Profit and Loss = Contract Quantity * (Position Entry Price - Current Mark Price)
 = 0.4 * ( 40,000 - 39,000) = 400 USDT Notice:
 <ul>
 <li>In USDT-M Perpetual Contracts, your profit and loss are settled in USDT. This is the exact opposite &nbsp;of COIN-M Perpetual Contracts, which are settled in the currency being traded (e.g., a BTCUSD COIN-M Perpetual Contract is settled in BTC).</li>
 <li>A fluctuation in price (e.g., 1000 USDT) in either direction, assuming a position size of 1 BTC, means that the trader has made or lost 1000 USDT.</li>
 <li>When the leverage is increased, it will not directly affect your profit or loss. On the contrary, profit and loss are determined by position size and price fluctuations. In simple terms: The higher the leverage, the lower the margin collateral needed to open your position. The larger the contract quantity, the bigger the profit or loss. The larger the price movement relative to the entry price, the bigger the profit or loss.</li>
 <li>The default unrealized P&amp;L is shown based on the Last Mark Price. Place the mouse on the displayed number and the unrealized P&amp;L will be displayed at the mark price.</li>
 <li>Lastly, it is important to note that the calculation of unrealized P&amp;L does not include any transaction fees or funding fees paid or received by the trader in the course of opening, closing, or holding a position.</li>
 </ul>
 Percentage of Unrealized P&amp;L (%)
 The rate of return basically shows the return on investment (ROI) of this position in percentage terms. Just like unrealized profit and loss, this figure is constantly changing with the latest market price. Therefore, the formula for the percentage of unrealized profit and loss is as follows:
 
 Percentage of Unrealized P&amp;L (%) = [Unrealized Profit and Loss / Position Margin] * 100% Position Margin = Initial Margin + Closing Fee
 
 For example, FIBO holds a long position of 0.2 BTCUSDT, and the entry price is 41,000 USDT. When the latest market price is displayed as 43,000 USDT, the unrealized profit and loss will be displayed as 400 USDT. The leverage is 10X.
 
 Based on the previous calculation, the unrealized profit and loss of the position = 400 USDT Initial Margin = (Contract Quantity * Entry Price) / Leverage= (0.2 * 41,000) / 10 = 820 USDT Closing Fee = Bankruptcy Price * Contract Quantity * 0.06% = 36877.86 * 0.2 * 0.06% = 4.4253USDT Percentage of Unrealized P&amp;L (%) = [ 400 USDT / ( 820 USDT + 4.4253 USDT ) ] * 100% = 48.52%
 
 Notice:
 <ul>
 <li>There is a misconception among some traders that increasing your leverage will not increase your unrealized profit. An increase in the P&amp;L% is actually due to the decrease in the margin used for the position, not an increase in the actual profit. Using FIBO as an example again, notice that regardless of leverage is 10X, 5X, or 50X, the unrealized P&amp;L remains the same. If FIBO uses the leverage of 10X, Unrealized P&amp;L = 400 USDT and the Percentage of Unrealized P&amp;L = 48.52% If FIBO lowers the leverage to 5X, Unrealized P&amp;L = 400 USDT and the Percentage of Unrealized P&amp;L = 24.32% If FIBO increases the leverage to 50X, Unrealized P&amp;L = 400 USDT and the Percentage of Unrealized P&amp;L = 237.49% </li>
 <li>For cross-margin mode, the position margin will be calculated based on the maximum leverage used for the particular currency (for example, BTCUSDT = 125X).</li>
 </ul>
 Closed P&amp;L
 When the trader finally closes the position, the profit and loss are finally realized, and the record can be found in the trade history.
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 <tbody>
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 <td colspan="1" rowspan="1" width="506.03"> </td>
 <td colspan="1" rowspan="1" width="486.76" style="text-align: center;">Calculation of Unrealized P&amp;L </td>
 <td colspan="1" rowspan="1" width="402.23" style="text-align: center;">Calculation of Closed P&amp;L</td>
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 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Position Profit and Loss (P&amp;L)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 <tr>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Trading Fee(s)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">NO</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 <tr>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">Funding Fee(s)</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">NO</td>
 <td colspan="1" rowspan="1" width="auto" style="text-align: center;">YES</td>
 </tr>
 </tbody>
 </table>
 Closed P&amp;L = Position P&amp;L - Opening Fee - Closing Fee - Total Funding Fee Paid/Received
 FIBO holds a short position of 0.4 BTCUSDT with an entry price of 40,000 USDT. When the latest market price is displayed as 39,000 USDT, the unrealized profit and loss will be displayed as 400 USDT. FIBO decides to close the entire position through the market price. FIBO opened the position through a market order, and paid a total of 4.2 USDT of funding fees during the holding period.
 
 Based on our previous calculation: Position P&amp;L = 400 USDT (Profit) Opening Fee = Contract Quantity * Entry Price * 0.06% = 9.60 USDT Closing Fee = Contract Quantity * Closing Price * 0.06% = 9.36 USDT Total Funding Charges Paid/Received = 4.20 USDT (Paid) Closed P&amp;L = 400 - 9.60 - 9.36 - 4.20 = 376.84 USDT
 
 Notice:
 <ul>
 <li> The above example only applies to the opening and closing of the position with a single order. &nbsp;</li>
 <li> For a partial closing, the closing P&amp;L is calculated proportionally to all fees (opening fees and funding fees), based on the percentage of the partial closing, and then proportionally displayed in the closing P&amp;L.</li>
 </ul>
 
 </body>
</html>

P&L Calculations (USDT-M)

P&L Calculation (USDT-M)｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms/BYD.1747037027358.image.png" alt="BYD.1747037027358.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1747037027358.image.png" style="width: 100%;"/>By default, the candle chart on BYDFi displays the historical trend of the platform's latest transaction prices. Since BYDFi employs a margin ratio-based liquidation mechanism, forced liquidation is triggered when the margin ratio reaches 100%. Therefore, the latest transaction price and liquidation price are for reference only. Once the margin ratio reaches 100%, your position will be taken over by the liquidation engine and eventually closed at the bankruptcy price. What Is the Bankruptcy Price?The bankruptcy price is the theoretical price at which a position is closed after being taken over by the liquidation engine when the margin is fully depleted (reaches zero). Thus, the bankruptcy price is not displayed on the chart but is used to calculate the final financial outcome. Any difference between the bankruptcy price and the market's latest price is added to the insurance fund. For details, refer to the article on the forced liquidation process below. SummaryWhen managing your position, focus on the margin ratio instead of solely on the latest transaction price. To avoid forced liquidation, consider adding more margin when necessary to reduce liquidation risk. Related Articles:<a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/mstolr0em3cy" target="_blank">The Process of Forced Liquidation (USDT-M)</a><a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/qv2a04edzk3i" target="_blank">The Process of Forced Liquidation (COIN-M)</a><a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/f5tskl421ho6" target="_blank">Liquidation Price Calculation (USDT-M)</a><a href="https://www.bydfi.com/en/support/PRODUCT_DESCRIPTION/articles/qzpvgt1ov8xg" target="_blank">Liquidation Price Calculation (COIN-M)</a>

Why Can't I See the Bankruptcy Price on the Chart?

Why Can’t I See the Bankruptcy Price on Chart?｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms1736162439778D1dlJo1VcnDA.png" alt="image.png" data-href="" style="width: 100%;"/>Initial MarginInitial margin refers to the minimum collateral amount required to open a position in leveraged trading. The leverage used by traders is inversely proportional to the initial margin required to hold a position. The higher the leverage, the less initial margin is required. In the COIN-M Perpetual Contract, the initial margin is obtained by multiplying the order value by the initial margin rate. The initial margin rate depends on the leverage used. Initial Margin = Contract Quantity / Entry Price / Leverage Example:FIBO opened a long order of 500 BTCUSD contracts at 40,000 USD with 50X leverage.Initial Margin = 500 / 40,000 / 50 = 0.00025 BTC Maintenance MarginThe maintenance margin is the minimum amount of margin a trader needs to keep a position open. The maintenance margin will increase or decrease based on the risk limit chosen by the trader. By default, the risk limit for all trading pairs will start from the lowest maintenance margin in their respective <a href="https://www.bydfi.com/en/swap-info?page=5&type=usdt" target="_blank">risk limit tables</a>. When the margin level used for a position is lower than the maintenance margin level, the position will be liquidated. Position Value = Contract Quantity * Entry PriceMaintenance Margin = Maintenance Margin Rate * Position Value - <a href="https://www.bydfi.com/en/swap-info?page=5&type=usdt" target="_blank">MMQC</a>The required Maintenance Margin Rate (MMR) for a position is based on the margin level requirement for the value of the position. Example:FIBO opened a long position of 500 BTCUSD contracts at 40,000 USD with 50X leverage in isolated mode.Initial Margin = 500 / 40,000 / 50 = 0.00025 BTCMaintenance Margin = 0.005 * 0.00025 = 0.00000125 BTC This means that the position's maximum loss is 0.00024875 BTC (0.00025 BTC - 0.00000125 BTC); otherwise, it will be forced to liquidate.

Initial Margin and Maintenance Margin (COIN-M)

Initial & Maintenance Margin (COIN-M)｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms1736162424272cagpwi7ZjxIW.png" alt="image.png" data-href="" style="width: 100%;"/>Isolated ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. Cross ModeWhen the position margin ratio reaches 100%, the position will be triggered liquidation with a liquidation transaction fee and a liquidation clearance fee. Please note that the position is triggered by the margin ratio, liquidation price is for reference only. In addition, all the cross mode positions share the same margin, so as long as one cross mode position triggers liquidation, all the cross mode positions will be closed regardless of whether they are profitable or not. Example: FIBO holds a 1.5 million BTCUSDT long position + 1 million BTCUSDT long limit order.When the position margin ratio ≥100%, the system will first cancel the 1 million BTCUSDT limit order. This releases a portion of the margin to increase the available balance in an attempt to meet the maintenance margin requirement. If the position is still not margined to the maintenance margin requirement after the limit order is canceled, the liquidation engine will take over the position. The specific liquidation process is as follows:<ul><li>Cross Mode: Cancel all pending orders (including all pending orders in Isolated Mode)</li><li>Isolated Mode: Cancel all pending orders including TP/SL orders for the specified trading pair (other trading pairs are not affected)</li><li>If the margin maintenance requirement is not met at this point, the position will be taken over by the liquidation engine at the bankruptcy price.</li></ul>When the liquidation is executed at the bankruptcy price, the following scenario occurs:<ul><li>If the position can be executed in the market at a price better than the bankruptcy price, the liquidation clearance fee will be added to the insurance fund.</li><li>If the position cannot be executed at a price better than the bankruptcy price, the breakout loss will be covered by the insurance fund.</li></ul>Automated Negative Balance ClearanceIf a trader’s account balance is negative due to one or more Bankrupt Positions, BYDFi will use the Futures Insurance Fund to automatically cover the deficit in the trader's account and absorb the losses, to the extent possible. For user accounts that meet the following requirements, our system will automatic clearing of negative balances will occur every 10 minutes:<ul><li>For negative balances in USDT-M accounts, there are no open positions in the account. (Both Cross / Isolated Mode)</li><li>For negative balances in Coin-M accounts, there are no open positions in the account. (Both Cross / Isolated Mode)</li><li>The user did not transfer any funds to deficit losses in the account after liquidation.</li></ul>Note:<ul><li>Isolated Margin Ratio = (Maintenance Margin + Closing Fee) / (Position Margin + Unrealized PNL) * 100%</li><li>Cross Margin Ratio = (Maintenance Margin + Closing Fee) / (Wallet Balance + Bonus Balance - Isolated Frozen Margin + Cross Margin Unrealized PNL) * 100%</li><li>Isolated Margin Liquidation Clearance Fee≈ Position Margin + Liquidation PNL - Liquidation Transaction Fee</li><li>Cross Margin Liquidation Clearance Fee ≈ Wallet Balance + Liquidation PNL - Liquidation Transaction Fee</li><li>Liquidation Transaction Fee = Position Value * Quantity * Mark Price * Liquidation Transaction Fee Rate</li></ul> Risk Control PolicyWhen the margin balance is insufficient, we will send a margin call and a liquidation notice to the user by email. This feature serves as a risk alert that cannot be guaranteed to be sent or delivered in a timely manner. Under certain circumstances (including due to network congestion and poor network conditions), you may be unable or delayed in receiving email alerts during your use of the service, and BYDFi reserves the right to send notifications without obligation. To prevent excessive market risk concentration and manipulation, BYDFi limits individual users' position size. Orders exceeding these limits will be rejected. Additionally, we strictly prohibit users from circumventing position limits through any means, such as multiple accounts, identity masking, third-party account control, or exploiting system vulnerabilities, to maintain market fairness.

The Process of Forced Liquidation (USDT-M)

Forced Liquidation Process (USDT-M)｜BYDFi Help Center

The BYDFi Profit and Loss (PNL) Analysis feature provides a detailed breakdown of your Spot and Futures (Perpetual Contracts) performance.With interactive charts and auto-calculated PNL data, traders can easily track their profitability trends, asset changes, and performance metrics — all from within the BYDFi App. <h2>📱 How to Access PNL Analysis</h2><h3>1. Open the Assets Page</h3><ul><li>Log in to your BYDFi App.</li><li>Tap Assets at the bottom menu to open your account overview.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1760580881624.image.png" alt="BYD.1760580881624.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760580881624.image.png" style="width: 50%;"/><h3>2. Access PNL Analysis</h3>In the top-left corner, tap PNL to enter the analysis dashboard.<img src="https://uploads.bydfi.in/events/cms/BYD.1760580910672.image.png" alt="BYD.1760580910672.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760580910672.image.png" style="width: 50%;"/><h2>📈 Feature Descriptions</h2><h3>Spot Trading PNL</h3><ul><li>View 7-day, 30-day, and 90-day profit trends.</li><li>Analyze asset growth charts and daily net changes.</li><li>Identify consistent trading performance or drawdowns.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1760581075676.image.png" alt="BYD.1760581075676.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760581075676.image.png" style="width: 50%;"/><h3>Futures (Perpetual Contracts) PNL</h3><ul><li>Check both PNL Data and PNL History to evaluate performance over time.</li><li>Understand realized and unrealized profit and loss for each position.</li><li>Includes funding fees and trading fees for accurate tracking.</li></ul><img src="https://uploads.bydfi.in/events/cms/BYD.1760581047769.image.png" alt="BYD.1760581047769.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760581047769.image.png" style="width: 50%;"/><h2>🧮 PNL Calculation Formulas</h2><h3>7-Day PNL Calculation</h3>Formula:<blockquote>Current Total Account Assets − Total Assets Six Days Ago at Midnight (SGT) − Assets Transferred During the Period</blockquote><h3>7-Day PNL Rate Calculation</h3>Formula:<blockquote>(7-Day PNL ÷ [Total Assets Six Days Ago at Midnight (SGT) + Assets Transferred During the Period]) × 100%</blockquote>👉 Additional formulas and calculations can be viewed directly within the App.<img src="https://uploads.bydfi.in/events/cms/BYD.1760581517267.image.png" alt="BYD.1760581517267.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760581517267.image.png" style="width: 50%;"/><h2>💰 Profit Sharing and Timeframe Selection</h2>The BYDFi App allows users to view profit distribution and rankings by:<ul><li>Today</li><li>7 Days</li><li>30 Days</li></ul>This helps traders identify short-term and long-term performance patterns.<img src="https://uploads.bydfi.in/events/cms/BYD.1760581363894.image.png" alt="BYD.1760581363894.image.png" data-href="https://uploads.bydfi.in/events/cms/BYD.1760581363894.image.png" style="width: 50%;"/><h2>⚠️ Important Notes</h2><ul><li>The PNL table updates every hour, ensuring near real-time accuracy.</li><li>PNL rankings refresh every 10 minutes, with no user-specific filters.</li><li>Total PNL data includes funding fees and transaction fees for comprehensive tracking.</li></ul>

BYDFi Profit and Loss Analysis (APP)

BYDFi Profit & Loss Analysis (APP)｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms17361624003555thABVCJESPY.png" alt="image.png" data-href="" style="width: 100%;"/>What is the USDT-M Perpetual Contract? <a href="https://www.bydfi.com/en/swap/btc-usdt" target="_blank">The USDT-M Perpetual Contract,</a> also called a forward contract, is often referred to as a USDT-margined contract. What are the differences between USDT-M and COIN-M Perpetual Contracts?Intuitive Margin and P&L Calculation: In USDT-M Perpetual Contracts, both margin and profit/loss (P&L) are calculated in USDT, providing an intuitive experience. For example, in a 1 BTC contract, a 100 USDT price fluctuation results in a gain or loss of 100 USDT. The P&L directly follows the USDT value curve.Stability of Margin: COIN-M Perpetual Contracts are coin-margined, so traders must hold more volatile assets like BTC, ETH, EOS, or XRP as margin, exposing them to coin-holding risks even if they don’t actively trade. In contrast, USDT-M Perpetual Contracts use stablecoin as margin, reducing exposure to currency volatility and eliminating the need for hedging against coin-holding risks. How much leverage does the USDT-M Perpetual Contract support?The maximum leverage of each trading pair is different; please refer to <a href="https://www.bydfi.com/en/swap-info?page=4&type=usdt" target="_blank">USDT-M Perpetual Contracts Trading Rules</a><a href="https://support.bityard.com/hc/en-us/articles/5657651686297-USDT-Pepetual-Contract-Trading-Rules" target="">.</a> Can I hold long side and short side positions at the same time?Yes, users can use "Hedge" mode to hold both side positions at the same time. Can the cross-margin mode and isolated margin mode of the USDT-M Perpetual Contract be switched in real time?BYDFi supports switching between the isolated/cross modes when there are no holding positions.When there is an open position or a limit order, switching between the isolated/cross modes is not supported. What is the Risk Limit? BYDFi implements a tiered margin system, with different levels based on the value of user positions. The larger the position, the lower the leverage allowed, and the initial margin rate is higher when opening a position. The larger the value of the contract held by the trader, the lower the maximum leverage that can be used. Each contract has a specific maintenance margin rate, and margin requirements increase or decrease as risk limits change. Can the unrealized Profit be used to open positions? Yes, in cross-margin mode, unrealized profit can be used to open new positions, enhancing capital efficiency. Is the insurance pool for USDT-M Perpetual Contracts shared or currency-independent? Unlike COIN-M Perpetual Contracts that use the currency standard for settlement, USDT-M Perpetual Contracts are all settled in USDT. The <a href="https://www.bydfi.com/en/swap-info?page=2&type=usdt" target="_blank">insurance pool </a>of USDT-M Perpetual Contracts is also shared by all contracts.

USDT-M Perpetual Contracts FAQ

USDT-M Perpetual Contracts FAQ｜BYDFi Help Center

<img src="https://uploads.bydfi.in/events/cms1736162404461gV60heGLJOPU.png" alt="image.png" data-href="" style="width: 100%;"/>Insurance fund is a mechanism used to protect the overall operation of an exchange and the interests of traders. When there are severe market fluctuations or systemic risks, the insurance fund is used to make up for any losses in order to ensure that the exchange can continue to operate and protect the rights of traders. The insurance fund can provide additional security measures, alleviating the impact of extreme market conditions or other adverse events on traders. Mechanism of Insurance FundLiquidation may lead to an increase or decrease in the insurance fund, depending on the price difference between the bankruptcy price and the execution price. Increase in the insurance fund: If the execution price is better than the bankruptcy price, the remaining margin will be added to the insurance fund. Decrease in the insurance fund: If the bankruptcy price is better than the execution price, the additional loss will be subsidized by the insurance fund. Insurance Fund BalanceThe BYDFi insurance fund is publicly available to all users on the platform. You can click on the top right corner of the trading page to view the balance of the insurance fund.<a href="https://www.bydfi.com/en/swap-info?page=2&type=usdt" target="">View the latest balance of the USDT insurance fund</a><a href="https://www.bydfi.com/en/swap-info?page=2&type=undefined" target="">View the latest balance of the coin-based insurance fund</a> Note: If the insurance fund cannot make up for the price difference between the execution price and the bankruptcy price, the loss will be taken over by the automatic liquidation system and shared by all platform users. The insurance fund pool is shared among the USDT perpetual trading pairs.

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