Following the launch of Standard Futures Bonus, BingX is rolling out the Perpetual Futures Bonus. This new Bonus aims to support users to try Perpetual Futures trading with zero cost, with the added advantage for users to withdraw any profits earned.
I. What Is Perpetual Futures Bonus
The Perpetual Futures Bonus enables users to experience real trading in Perpetual Futures at zero cost. Profits are yours, but if things don't go your way, BingX will cover your losses!
Here are a few important points to note when using the Bonus voucher:
1. The Bonus has a leverage limit.
2. Automatically close after a certain period (as indicated on the Bonus page).
3. One Bonus voucher can be used per Futures trade, and you're limited to holding one Perpetual Futures Bonus position at a time.
4. Orders placed using the Bonus voucher are applicable in isolated margin mode and for market orders only.
II. How to Use Perpetual Futures Bonus
1. After receiving the Bonus voucher, visit "My Vouchers" and look for the Perpetual Futures Bonus voucher. Click "Use" to proceed to the Perpetual Futures trading page.
2. On the Perpetual Futures trading page, click "Bonus Order" and choose the available Bonus voucher.
3. Set your preferred leverage and select your trading direction to open a position.
4. To review your trade history or order history after closing the position, apply the "Bonus" filter under the "Margin Source" section.
Keep an eye out for upcoming events, as Perpetual Futures Bonus vouchers are issued periodically.
Note: Ensure that your app is updated to version 4.8.0 or above to use the Perpetual Futures Bonus voucher (listing time may vary on different application stores, so please stay tuned).
IV. Additional Notes
1. Each Perpetual Futures Bonus voucher has a "validity period", please use it before expiry.
2. Perpetual Futures Bonus voucher can only be used for the supported trading pairs. The Bonus voucher cannot be used if your order exceeds the leverage limit. The open amount allowed by the Bonus voucher is the maximum amount that can be opened with the voucher. Any portion not reaching the minimum open amount will not be opened, and the unused Bonus amount will become invalid.
Example: Suppose you have a 10 USDT bonus voucher with a maximum leverage of 5x, allowing you to open a position up to 50 USDT. If you choose to trade the ETH/USDT futures and the current price of ETH is 3,000 USDT, with a minimum order size of 0.01 ETH, the value of 0.01 ETH would be 30 USDT. In this case, you can only open a position worth 30 USDT, while the remaining 20 USDT of the bonus voucher will be unusable and will expire if not used.
3. You can only hold one position using the Perpetual Futures Bonus at a time. If there's an existing position or TP/SL order using the Bonus as margin, you must first close the position or cancel the order before using a new Bonus voucher.4. Perpetual Futures Bonus order can only be placed with the "Bonus Order" selected. It does not support placing the order on the candlestick chart and Guaranteed TP/SL feature. The TP/SL settings are fixed for the entire position.
5. Some Bonus vouchers can only be unlocked and used after meeting the specified trading volume (including leverage). The specific requirement on the Bonus voucher shall prevail. The system will start calculating the trading volume upon users' receipt of the Bonus voucher. Users can check their trading volume progress at any time.
6. The Bonus voucher can be used as margin when trading Perpetual Futures. The Bonus cannot be withdrawn, but the profit generated by trading with the Bonus can be withdrawn.
7. Trading pairs eligible for different Bonus vouchers might vary or be adjusted from time to time. The information displayed on the Bonus page shall prevail.
8. The trading volume generated with Perpetual Futures Bonus will not be included in the Perpetual Futures transaction history. Only profits after settlement will be included in your Perpetual Futures account.
9. Your Perpetual Futures Bonus position may incur funding fees. If you close your position at the funding fee settlement time, it may result in your "actual profit" being different from your "unrealized PnL". The actual credited amount shall prevail. For more details, please refer to: Perpetual Futures | Fee Schedule