1. What is fixed amount for perp futures copy trading?
Fixed amount for perpetual futures copy trading is a mode where the copier follows a trader and places orders one by one. Perpetual futures copy trading offers two copy trading methods: fixed amount and fixed ratio. In fixed amount copy trading, the copier sets a fixed margin amount for each copied opening order when copying a trader.
Fixed amount copy trading lets copiers copy traders' order signals in both cross margin and isolated margin modes. This mode enables higher capital utilization and allows copiers to perform more operations on copied orders, such as partial position close, reverse, TP/SL, etc., which are more flexible for copiers.
E.g., if the copier sets 10 USDT as the margin for the fixed amount copy trade and the trader opens long BTC/USDT, the system will open the same position with a 10 USDT margin for the copier, regardless of the trader’s margin or position ratio. The trade will then appear on Positions and Ongoing pages. Using 10 USDT as the margin, copy orders will be placed based on the margin mode and corresponding leverage for the trading pair set by the copier in their autonomous trading within Perpetual Futures.
Note: Due to trading fees and slippage protection, the fixed margin amount set by the copier may not be executed at the exact margin amount set by the copier. As a result, the copier's actual opening margin may differ from the preset fixed margin amount.
Long position size: margin * (1 - taker fee rate * leverage) * leverage / MAX(trader's fill price * (1 + slippage protection ratio), trader's fill price)
Short position size: margin * (1 - taker fee rate * leverage) * leverage / MAX(trader's fill price * (1 - slippage protection ratio), trader's fill price)
2. Comparison of BingX futures copy trading
Futures Copy Trading |
Standard Futures | Fixed Amount |
Perp Futures | Fixed Amount |
Perp Futures & Binance Futures | Fixed Ratio |
Copy trading modes |
Isolated margin/Cross margin |
Isolated margin/Cross margin |
Cross margin |
Source account for funds |
Standard Futures Account |
Perpetual Futures Account |
Fund Account/Standard Futures Account/Perpetual Futures Account |
Funding method |
Per-order allocation |
Per-order allocation |
One-time allocation |
Copy trading margin |
When copying multiple traders, all orders use funds from the Standard Futures Account |
When copying multiple traders, all orders use funds from the Perpetual Futures Account |
When copying multiple traders, each trader uses dedicated funds. The system uses the copy trading funds set when copying |
Liquidation rules |
Each position is liquidated independently. Losses are capped at the funds in your Standard Futures account |
Isolated Margin:
Each position is liquidated independently. Losses are capped at the funds in your Perpetual Futures Account
Cross Margin:
If one position is liquidated, all positions are liquidated. Losses are capped at the funds in your Perpetual Futures Account
|
If one position is liquidated, all positions are liquidated. Losses are capped at all funds invested at one time |
Investment amount limit |
2-100,000 USDT |
5-10,000 USDT |
10-200,000 USDT |
Copier autonomous trading |
Yes |
Yes |
No |
Capital efficiency |
High |
High |
Medium |
VST Copy Trading |
Yes |
Currently not supported |
Currently not supported |
Copy Trading Subsidy Voucher |
Yes |
Yes |
Yes |
Copy trading referral rewards |
Yes |
Currently not supported |
Yes |
Advantages |
Each copy trading order is an independent position, making risk management easier. Capital efficiency is high, which is suitable for beginner copy traders. |
Available to perform advanced operations (such as partial position closing) on copy trading orders. Capital efficiency is high, which is suitable for advanced copy traders. |
The copier follows the trader's order signals and position ratio, so the copier's positions closely match the trader's positions. This makes risk and profit management easier and suits users with more capital for copy trading. |
3. Basic features of fixed amount
3.1 Copy trading steps:
Step 1: Deposit or transfer funds to your Futures - Perpetual Futures Account in My Assets
Currently, BingX only supports USDT for copy trading, so please deposit or transfer USDT.
Note: Since the capital efficiency of the fixed amount for perpetual futures copy trading can reach up to 100%, copiers should transfer funds to the Perpetual Futures Account according to their risk preference.
Step 2: Go to the perpetual futures trading page and select cross margin or isolated margin mode for copy trading. The system selects cross margin mode by default. Set the leverage for copy trading. The system will copy trades using the leverage you set and will not follow the trader's leverage.
In isolated margin mode, each order is independent. A fixed-amount order will be liquidated when its principal (margin) loss reaches the liquidation line. In cross margin mode, the margin of all positions and the remaining funds in the account will be shared to bear the risk. This means that each trade can lose more than the margin of that specific order. When continuous losses cause the account to reach the liquidation line, all orders will be liquidated at the same time, and all funds in the Perpetual Futures Account will be lost.
Note: For fixed amount in perpetual futures copy trading, the order leverage and margin mode use the copier's autonomous trading settings. The copier will not follow the trader's margin mode or leverage. You need to adjust your margin mode and leverage before you start copying.
Step 3: Open the profile page of the perpetual futures trader you want to copy. On the trader's page, click "Copy" to go to the Copy Settings page.
Step 4: Select copy by "Fixed amount" and enter the investment amount.
If you set a margin that is too small, the margin may be less than the minimum order size required for that specific perpetual contract. In that case, you will not be able to successfully copy that order.
Step 5: Click "Copy Now" to start copying.
When you copy a trader's Perpetual Futures Account, you cannot use fixed amount and fixed ratio modes at the same time. To switch from fixed ratio to fixed amount mode, uncopy the trader and copy them again to use fixed amount mode.
Note: The system will place a copy order only after the trader's order is fully filled.
3.2 View copy trade positions
After you start copying, go to Futures Trading > Perp Futures > Copied Orders to view your copied positions.
3.3 Edit copy trading
After you start copying, go to Copy Trading > My Trades and click the trader card to increase or decrease the copy amount.
Data for fixed amount copy trading is not currently included in "Today's Earnings" or "Cumulative ROI" on your My Trades page. This will be updated in a future release.0>
3.4 Support copiers in closing positions manually
Copiers can go to Futures Trading > Perp Futures > Copied Orders and click "Close" to close a copied order. You can also close all orders at once on the Positions page.
4. Advanced features of fixed amount
Set take profit and stop loss
You can set take profit and stop loss on the Perp Futures Positions page.
*Take profit and stop loss orders you set will not appear on the Perp Futures Copied Orders page, but they still apply to the current copied orders included in that position.0>
Partial position closing
Copiers can click "Market" on the Perp Futures Positions page and enter a closing quantity to partially close a position.
Example: A copier opens a 1 BTC long position with 20x leverage via autonomous trading. The copier also copy trader A and trader B, and each opens a 1 BTC long position with 20x leverage. The copier's total position becomes 3 BTC at 20x leverage.
If the copier clicks Close and partially closes 2.5 BTC, the system will close your autonomous trading order first. It will then close copied orders based on first-opened, first-closed, using the copier's opening times.3> This means the system will first close the 1 BTC autonomous order, then the 1 BTC order from trader A, and finally 0.5 BTC of the order from trader B. After the close, copier's Positions page will show the remaining 0.5 BTC. The Copied Orders page will show only the 0.5 BTC order from trader B.
Note: When a copier copies a trader, they will only copy that trader's open and close actions. If the trader partially closes a position and the copied order is not fully closed, the copier will not copy the trader's partial close. The copier will only copy the close when the trader fully closes the order.
Reverse feature supported
The copier can click "Reverse" on the Perp Futures Positions page to open an opposite position.
When using Reverse, the current position is closed at market price and an opposite position of the same quantity is opened. If margin is insufficient, the system opens the maximum available quantity.0>
Note: A position created by Reverse becomes the copier's autonomous trading position. It will not copy the trader's closes, and its profits are not subject to trader profit sharing.
5. Risk warning for fixed amount in cross margin mode
Risk of inconsistent positions
In fixed amount of perpetual futures copy trading with cross margin mode, copied positions may not align between the trader and the copier. The trader's opening orders and the copier's autonomous orders share the same Perpetual Futures Account margin. Therefore, copiers must manage their positions themselves.
Copiers need to pay extra attention to risk in the following situations:
a. If a copier copies multiple traders and several have unrealized losses, the copier may be liquidated before the traders.
b. If a copier copies one trader and also trades autonomously, and both sets of orders have unrealized losses, the copier may be liquidated before the trader.
c. If a copier copies only one trader and does not trade autonomously, but the trader trades a pair that cannot be copied or uses leverage above the maximum copyable limit, the copier may be liquidated before the trader if the position has unrealized losses.
d. If a copier copies only one trader and does not trade autonomously, and the trader opens positions with small amounts while holding relatively large assets in their Perpetual Futures Account, but the copier sets a large fixed-amount principal with relatively small account assets — then, if the trader opens many positions, the copier's position size as a proportion of their account may be significantly larger than the trader's. In this scenario, if the copied positions incur unrealized losses, the copier may be liquidated before the trader.
e. If a copier copies only one trader and does not trade autonomously, and the copier reduces funds in Perpetual Futures Account, the copier may be liquidated before the trader when copied positions have unrealized losses.
Risk of inconsistent fill prices
Because copy orders are placed after the system receives the trader's fill signal, a copier's copy order is placed later than the trader's order. After the trader executes a trade and when the copiers' orders are placed, if the market happens to fluctuate violently, there will be a difference between the fill price of the trader's order and the copiers' orders. Copiers' filled price may or may not be more favorable than the trader's price depending on the market's direction.
6. Other FAQs
1. Perpetual futures fixed-amount copy trading fees
Fees for perpetual futures fixed-amount copy trading are the same as for perpetual futures autonomous trading.Taker fee: 0.05%. For details, please check Updated Perpetual Futures VIP Fees Query >>
2. Common reasons why fixed-amount copy trading in perpetual futures fails
a. The trader trades a pair that cannot be copied
When a trader trades a non-copyable pair, the trader's order is executed normally, but the copier will not copy that order. Fixed amount copy trading pair list
b. The copier has reached the personal tiered leverage position limit for perpetual futures
When this happens, the trader can still open positions, but the copier will not copy subsequent orders.2>
Personal tiered leverage position limit for perpetual futures
c. The copier's fixed amount principal for copy trading is set too low
If the copier sets the principal per copied order too low, and the trader's order requires a larger minimum quantity, the copier cannot successfully copy that order.
d. FOK execution mechanism (Fill-or-Kill)
The FOK mechanism means execute in full immediately or cancel. While it protects the open price, it may cause the copier's order to fail.
3. Profit-sharing rules for copy trading
When a copier profits from a copied order, part of the profit goes to the trader. The profit share is withheld in advance. If the copier has no profit at settlement, the system automatically returns the withheld amount to the copier's account.
4. Why is the data on the Perp Futures Positions page different from the data on the Copied Orders page?
When start copy trading, a copier will see position-related data on both the Perp Futures Positions page and the Copied Orders page. These two pages usually show different data. The Positions page calculates data at the position level. The Copied Orders page calculates data at the order level.
5. Why is the unrealized PnL shown in Perp Futures Positions page different from the unrealized PnL shown in Copied Orders page?
In Perpetual Futures, the average position price is the average price of multiple orders in the same trading pair and in the same direction. It is not affected by the close price. When a copy order is closed, the position size changes, but the average position price remains unchanged.
Example: Copier A copies Trader B's BTC/USDT long position in perpetual futures copy trading:
Sequence |
Action |
Perp Futures Positions page |
Copied Orders page |
1 |
Open a long position of 1 BTC at 20,000 USDT
BTC price is 20,000
|
Number of displayed orders: 1
Open price: 20,000 USDT
Position size: 1 BTC
Unrealized PnL: 0
|
Number of displayed orders: 1
Order 1:
Open price: 20,000 USDT
Position size: 1 BTC
|
2 |
Open a long position of 1 BTC at 25,000 USDT
BTC price is 25,000
|
Number of displayed orders: 1
Average open price of the position: (20,000 + 25,000) / 2 = 22,500
Position size: 2 BTC
Unrealized PnL: (25,000 - 22,500) * 2 = 5,000
|
Displayed orders: 2
Order 1:
Open price: 20,000 USDT
Position size: 1 BTC
Unrealized PnL: (25,000 - 20,000) * 1 = 5,000
Order 2:
Open price: 25,000 USDT
Position size: 1 BTC
Unrealized PnL: 0
|
3 |
Open a long position of 1 BTC at 30,000 USDT
BTC price is 30,000
|
Number of displayed orders: 1
Average open price of the position: (20,000 + 25,000 + 30,000) / 3 = 25,000
Position size: 3 BTC
Unrealized PnL: (30,000 - 25,000) * 3 = 15,000
|
Displayed orders: 3
Order 1:
Open price: 20,000 USDT
Position size: 1 BTC
Unrealized PnL: (30,000 - 20,000) * 1 = 10,000
Order 2:
Open price: 25,000 USDT
Position size: 1 BTC
Unrealized PnL: (30,000 - 25,000) * 1 = 5,000
Order 3:
Open price: 30,000 USDT
Position size: 1 BTC
Unrealized PnL: 0
|
4 |
Trader closes Order 1
BTC price is 30,000
|
The trader closes Order 1 (1 BTC)
Displayed orders after closing: 1
Average open price of the position: 25,000 USDT
Position size: 2 BTC
Unrealized PnL: (30,000 - 25,000) * 2 = 10,000
|
Trader closes position
Order 1
Displayed orders: 2
Order 2:
Open price: 25,000 USDT
Position size: 1 BTC
Unrealized PnL: (30,000 - 25,000) * 1 = 5,000
Order 3:
Open price: 30,000 USDT
Position size: 1 BTC
Unrealized PnL: 0
|
These differences are for display purposes and do not affect the actual PnL of copy orders.
6. Why does an order that shows a profit under Copied Orders on the copier's perp futures trading page show a loss in the perp futures Trade History page after it is closed?
This happens because the two pages calculate profit differently.
The profit shown under Copied Orders is calculated using the open price and the close price. The Positions page and the Trade History page calculate profit using the average position price and the 4>close price5>.4>If the average position price in Positions page is worse than the open price in Copied Orders when closing the position, the order may show a profit under Copied Orders but a loss in Trade History. The order is actually profitable in this case.(After an order was closed, if it shows a loss under Trade History yet the unrealized PnL for the same contract with the same direction under Position shows a smaller loss or bigger profit, it suggests that the closed order has made a profit.)
This is a matter of different data calculation mechanism and does not affect the actual PnL of your Copy Trading orders. For an accurate PnL, please click on Copy Trading on the home page -> My Trades -> Trade History to view it.