How to trade futures on MEXC? (Perpetual Contracts)

Account Preparation and Verification

1. Access the official MEXC website and complete registration using an overseas email or mobile number.

2. Proceed to KYC verification by uploading a valid passport or driver’s license—system OCR may scan address fields, so non-mainland Chinese documents are strongly advised.

3. Enable two-factor authentication (2FA) immediately after login to secure session integrity and prevent unauthorized access.

4. Deposit USDT or other supported stablecoins into your futures wallet via the “Asset” → “Futures Wallet” → “Deposit” flow.

5. Confirm successful deposit by checking the balance under “Futures Wallet” before initiating any position.

Contract Selection and Leverage Configuration

1. Navigate to “Derivatives” → “USDT Perpetual” to enter the perpetual futures interface.

2. Use the search bar to locate specific contracts such as BTC/USDT, ETH/USDT, or emerging altcoin pairs like SOL/USDT and AVAX/USDT.

3. Click the gear icon next to the selected contract to adjust leverage—options range from 1x to 500x depending on asset volatility and user tier.

4. Set margin mode: choose between cross-margin or isolated-margin based on risk tolerance and position sizing strategy.

5. Verify current funding rate displayed in real time; positive rates indicate long bias, negative rates signal short dominance.

Order Execution Mechanics

1. Select order type: market, limit, stop-market, stop-limit, take-profit, or trailing-stop—each serves distinct tactical purposes.

2. Input quantity in base asset units (e.g., BTC) or quote asset value (e.g., USDT), with auto-conversion enabled for clarity.

3. For limit orders, specify entry price precisely; for stop orders, define trigger price and execution price separately.

4. Review estimated liquidation price and margin requirement before submission—these values update dynamically with market movement.

5. Click “Buy” or “Sell” to submit; confirmed orders appear instantly under “Open Orders” with status indicators.

Risk Management Tools

1. Activate auto-deleveraging (ADL) settings to prioritize counterparty exposure reduction during extreme volatility.

2. Configure partial close functionality to exit portions of a position without full settlement.

3. Assign stop-loss and take-profit levels simultaneously upon order placement to enforce discipline.

4. Monitor real-time position PnL, unrealized profit/loss, and maintenance margin ratio on the dashboard.

5. Use the “Close All” button only when intentional full exit is required—this action cannot be undone.

Post-Trade Monitoring and Settlement

1. Track executed trades in “Order History”, where timestamps, filled prices, and fee deductions are itemized.

2. View position details including entry price, average price, size, leverage, and unrealized PnL in the “Positions” tab.

3. Check funding payments every 8 hours under “Funding History”; these reflect net transfers between longs and shorts.

4. Withdraw realized profits to your spot wallet manually—futures wallet balances remain segregated unless explicitly transferred.

5. Inspect margin usage percentage continuously; exceeding 95% triggers warning banners and increases liquidation vulnerability.

Frequently Asked Questions

Q1: Does MEXC support trailing stop orders for perpetual contracts?Yes. Trailing stop orders are available in both long and short directions. Users define activation price and trailing distance in USDT or percentage terms.

Q2: Can I change leverage after opening a position?Yes, leverage can be adjusted post-entry, but only if no open orders exist and the position remains in isolated margin mode.

Q3: What happens if my position reaches liquidation price?The system initiates automatic liquidation at the bankruptcy price, not the displayed liquidation price. A 0.5% insurance fund deduction applies before settlement.

Q4: Are there fees for holding perpetual positions overnight?No overnight holding fees exist. Funding payments occur every 8 hours and are determined solely by the prevailing funding rate, not duration.