XT Exchange

Futures Trial Fund Usage Rules and Operation Guide

Futures & Derivatives
1.What is XT Trial Fund?
XT trial fund comes in two forms: trial fund vouchers and trial fund credits. The trial fund vouchers can be viewed in the "Rewards Hub," while the trial fund credits appear in the futures account. Users need to convert the trial fund vouchers into trial fund credits, which can then be used as futures margin along with the user's own funds or to offset trading losses. When deducting corresponding fees, the trial fund and the user's own funds will be used proportionally. The trial fund cannot be withdrawn, but any profits generated from trades using the trial fund can be withdrawn.

2.How to Use the Trial Fund
2.1 Finding Trial Fund Vouchers
Trial fund vouchers obtained through participation in events can be found in the "Rewards Hub":

  • APP: Go to "Home" → Click on the upper left corner "My Avatar" → "Rewards Hub"
  • WEB: Go to "Home" → Click on the upper right corner "Person Icon" → "Rewards Hub"

f907dc2c-c41c-4f17-bf07-8c49098a489d.png2.2 Unlocking Trial Fund Vouchers 
The trial fund vouchers in the "Rewards Hub" must be unlocked before becoming redeemable. Based on the unlocking requirements, trial fund vouchers are categorized into three types: no requirement, cumulative trading requirement, and cumulative deposit requirement.

Vouchers with no unlocking requirement can be redeemed immediately after being claimed in the Rewards Hub.

Vouchers with unlocking requirements will appear as "Unactivated" when claimed. You must complete the unlocking conditions before the "Redeem Now" button is displayed.
 
Unlocked trial fund vouchers must be converted into trial fund credits by clicking the "Redeem Now" button, which will transfer the credits to the futures account.

2.3.1 Redemption Threshold
Generally, trial fund credits must be used in conjunction with the user's own funds. Therefore, when redeeming trial fund vouchers, the system will check the balance of the user's futures account. The vouchers can only be redeemed if the user's own funds balance is greater than or equal to the redemption threshold.
Definition of Own Funds: Own funds balance = Futures account balance - Trial fund.

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Redemption Situation Corresponding Redemption Condition
Can be directly redeemed No previous trial fund balance in the futures account
Can redeem, manual confirmation required to reclaim existing trial fund balance during redemption. The futures account has an existing trial fund balance, but there are no open positions or pending orders using the trial funds
Cannot be redeemed The futures account has an existing trial fund balance, and there are open positions or pending orders using the trial funds
Example:
2.4.1 Viewing Trial Fund Credits
After a successful redemption, the trial fund will be transferred to the futures account. Users can view the trial fund balance, deduction rate, and expiration time in the "Assets" - "Futures Account" section.

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2.4.2 Using Trial Fund Credits
The trial fund can be used as trading capital, or to offset losses, funding fees, and margin. When deducting fees, the trial fund and the user's own funds will be deducted proportionally. If the trial fund is insufficient, the remaining amount will be covered by the user's own funds, and vice versa if the user's own funds are insufficient. The details of these deductions can be viewed in the fund flow.
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Example 1: 
A user's stop-loss order is executed with a fee of -10 USDT, funding cost of -10 USDT, and realized P&L of -100 USDT. The user has 100 USDT in their own available funds and 30 USDT in the trial fund balance, with a deduction ratio of 30%.

Transaction details:    

1.Fee: -10 USDT—deducted from own funds (10 USDT).
2.Funding cost: -10 USDT—7 USDT deducted from own funds and 3 USDT deducted from the trial fund.
3.Realized P&L: -100 USDT—the trial fund can only cover 30% of the 100 USDT loss (30 USDT), but the user only has 27 USDT in the trial fund. Therefore, 27 USDT is deducted from the trial fund, and the remaining 73 USDT is deducted from the user's own funds.
 
Example 2:
A user's forced liquidation order is executed with a fee of -5 USDT and a realized loss of -200 USDT. The user has 177 USDT in their own funds available and 30 USDT in their trial fund balance, with a deduction ratio of 10%. Transaction details:
  1. Fee: -5 USDT—deducted from own funds (5 USDT).
  2. Liquidation: -200 USDT—90% of the 200 USDT loss should be covered by the user's own funds (180 USDT), but the user only has 172 USDT. Therefore, 172 USDT is deducted from the user's own funds, and the remaining 28 USDT is deducted from the trial fund.

3.Expiration of Trial Fund 
3.1 Expiration of Trial Fund Vouchers 
If the trial fund vouchers are not unlocked and redeemed within their validity period, they will expire.

3.2 Transfer Recovery 
If a user transfers USDT out of the account, the trial fund balance will expire and be recovered. However, transfers of non-USDT assets will not affect the trial fund. A pop-up reminder will notify the user during the transfer process.

Example 1: If a user has 20 USDT of trial funds in their futures account and transfers 0.1 USDT to the spot account, the 20 USDT trial funds in the futures account will be recovered.
Example 2: If a user has 20 USDT of trial funds in their futures account and transfers 0.1 ETH to the funding account, the 20 USDT trial funds in the futures account will not be affected.
 
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3.3 Withdrawal Recovery
If a user withdraws or transfers out any asset, the trial fund will expire and be recovered.
Example: If a user has 5 USDT in trial fund credits in their futures account and transfers out 0.5 ETH, all trial fund credits in the futures account will be recovered.
 
3.4 Expiration of Trial Fund Credits 
Once the trial fund credits exceed their validity period, they will expire and be removed from the account.

Additional Notes on Trial Fund
  1. Trial funds cannot be transferred out of the account or be withdrawn. They cannot be used for smart copy trading but can be used for futures trading, futures grid trading, and custom futures copy trading.
  2. When holding trial funds, only one-way positions are supported, dual-direction (long and short) positions are not allowed. The trial fund cannot be used for wash trading, self-trading, or opening opposing positions. If any malicious use or abuse of the trial fund is detected, the platform reserves the right to take appropriate action against the involved account(s).
  3. If the trial fund expires due to transfers and this results in a reduction of positions (liquidation) or the inability to maintain open orders, please resolve those issues before proceeding with transfers.
  4. The trial fund has both a redemption period and a usage period. The redemption period can be found on the trial fund voucher in the "Rewards Hub," and the usage period is listed in the "Futures Account" trial fund details. If the trial fund is not redeemed or used within the specified validity period, it will expire.
  5. When trial funds are added to an account with open positions, the position ratio will decrease, and followers will experience a corresponding reduction in positions.
 
Note:
If any malicious activities, such as trial fund abuse, are detected, the platform reserves the right to take action to recover losses and manage the involved accounts appropriately. XT holds the final interpretation rights regarding the trial fund.