1. What is a perpetual contract?
A perpetual contract is a product which can be traded like a traditional futures contract but never expires.This means you can hold a position for as long as you like. Perpetual Contracts track the underlying Index Price through the use of periodic payments between buyers and sellers of the contract known as Funding.
2. What is the mark price?
Perpetual contracts are marked according to fair price marking. The mark price determines unrealised PnL and liquidations.
3. Can I use leverage with MEXC Perpetual Contracts?
Yes, MEXC generally allows the use of leverage with all of its perpetual contracts.
4. How much leverage can I use with a MEXC perpetual contract?
The amount of leverage offered by a MEXC perpetual contract varies by product. Leverage is determined by your initial margin and maintenance margin levels. These levels specify the minimum margin you must hold in your account to enter and maintain your position. Your allowed leverage is not a fixed multiplier but a minimum margin requirement.
5. What are your trading fees like?
The current trading fee rate for all perpetual contracts on MEXC is 0.02% (Maker) and 0.06% (Taker).