MUFEX
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English
  • What is MUFEX?
    • πŸ“–Overview
    • 🏦MUFEX's Decentralized and Trustless Approach
    • πŸ“ˆMUFEX Perpetual Trading System
    • πŸ’ŽMUFEX Liquidity Pool
    • πŸ—ΊοΈRoadmap
  • Start Using MUFEX
    • πŸ‘©β€πŸš€Onboarding
    • πŸ’΅Depositing
      • Deposit FAQ
        • What should I do if the deposited currency has not been received?
        • How to solve recharge error?
        • Funds Recovery Guide
    • πŸ“ˆTrading
      • πŸ’ΉOpen/Close Positions
      • πŸ’²Trading Fees
      • πŸ–₯️Market , Limit & Conditional Order
      • πŸ›°οΈTake Profit & Stop Loss
      • 🏝️Isolated Margin/ Cross Margin
      • πŸ“Trading Rules
        • Risk Limit
        • Risk limit Parameters
        • Index Price
        • Mark Price
        • Liquidation Process
        • Margin Mechanism
        • Funding Fee
        • Insurance Fund
        • Auto-Deleveraging (ADL)
      • πŸ“‘Contract Specs
    • πŸ’ŽEarn
    • 🏧Withdrawal
      • Withdrawal FAQs
        • Why Hasn't My Withdrawal Been Credited?
    • πŸ’²Fee Rates
  • Technical Solution
    • πŸ—οΈTechnology Architecture
    • 🏦ZK-Rollup Asset Proof Design
    • πŸ›₯️Dunkirk Asset Recovery
  • What makes MUFEX secure?
    • πŸ“‘MUFEX Security White Paper
      • Security Team and Its Functions
      • Client Security
      • Endpoint Security
      • Network Security
      • Server Security
      • Application Security
      • Smart Contract Security
      • Data Security
      • Physical Infrastructure Security
    • πŸ“”Smart Contracts
    • πŸ”Audit
    • 🐞Bug Bounty
  • Testnet
    • πŸ§‘β€πŸ³Testnet Walkthrough
      • 1️⃣Get started with MUFEX
      • 2️⃣Get Test Tokens
      • 3️⃣Account & Assets
      • 4️⃣Depositing & Withdrawing
      • 5️⃣Trading
      • 6️⃣Earn via MLP
      • 7️⃣Feedback
      • 8️⃣Common Questions
  • Support
    • πŸ””MUFEX Announcement
      • Notice on Upgrade and Adjustment of the Affiliate System
      • MUFEX Upcoming Delisting of Trading Pairs Reminder
      • MUFEX Notice: Delisting of Certain Trading Pairs
      • MUFEX Coin Pair Adjustment Notice
      • MUFEX is Upgrading MLP and Copy Trading Features
      • MUFEX to Discontinue MLP and Copy Trading Services
      • MUFEX Announcement: Notice on Delisting COMPUSDT and GMTUSDT Contracts
      • MUFEX Announcement: System Upgrade and Trading Suspension Notice Postponement
      • System Upgrade and Trading Suspension Notice
      • MUFEX Cryptocurrency Exchange Service Area Statement:
      • Adjusting Parameters for Certain Contract Trading Pairs (2024/2/7)
    • ❓FAQ
      • How to Delete My MUFEX Account?
      • Why is my IP banned from service
      • Can I use MUFEX service if I don't have an web3 wallet
      • Why do I need to deposit first?
      • Why didn't I see the asset balance change after I deposit?
      • Why did I receive an email from Unipass?
      • What is Effective Leverage?
    • πŸ‘©β€πŸ”¬Help Center
    • πŸ“Release Log
    • πŸ‘¨β€πŸ«MUFEX Affiliate Program
    • πŸ’»Social Media & Communities
    • πŸ’ΌBusiness Cooperation
    • πŸ“±Install MUFEX through the App Store
      • How to get an Apple ID in the US
      • How to use Taobao Purchase a non-mainland Apple ID
      • How to install MUFEX iOS TestFlight
    • πŸ™‹β€β™‚οΈEarly Ambassador Program
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  1. Start Using MUFEX
  2. Trading
  3. Trading Rules

Index Price

The index price of MUFEX is derived from a weighted average of prices from major spot trading markets, obtained by considering their trading volumes. It is a comprehensive price index. (In the symbol ".XXX," "XXX" represents the abbreviation of the token name, such as BTC, ETH, XRP, or EOS.) Users can view the index price information on the respective data page of the trading interface.

The index price is determined by two main variables: Spot Price and Weight.

Spot Price

The token directly reflects the current real-time price quoted by various spot exchanges for the underlying asset.

Weight

Weight refers to the proportion of trading volume for each spot trading pair.

We have implemented additional protective measures to avoid poor market performance caused by disruptions in spot market prices or connectivity issues. These protective measures are as follows:

Deviation from a single price source: If the latest price from a specific exchange deviates more than 5% from the median price of all price sources, the weight assigned to that exchange's price will be set to zero.

If an exchange fails to update trading data within 10 seconds, its weight will be set to zero when calculating the weighted average.

The index price can be considered a fair representation of spot prices, and it is used to calculate the mark price (used to calculate unrealized profits and losses for each contract). Please note that actual profits and losses for an account are based on the market price at the time of liquidation.

For example

Assuming the spot prices and trading volume weights for the four major trading pairs of BTC are as follows:

Exchanges
Trading Pairs
Spot Price
Weight

A

BTC/USDT

$19,832

35%

B

BTC/USDC

$19,836

30%

C

BTC/USDT

$19,830

20%

D

BTC/USDT

$19,835

15%

The index price for .BTCUSDT is $19,833.25, calculated using the following formula: Index Price = ($19,832 Γ— 35%) + ($19,836 Γ— 30%) + ($19,830 Γ— 20%) + ($19,835 Γ— 15%)

PreviousRisk limit ParametersNextMark Price

Last updated 1 year ago

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