1. What’s the difference between “Markets” and "Leverage" sections？
Markets: Similar to the mainstream prediction market model, there is no leverage. Users mainly trade based on their judgment of the event’s final outcome.
Leverage: Each event in the Leverage section has a maximum leverage multiple. Users do not trade the event’s final outcome. Instead, they trade changes in the event’s probability during the process. You can trade it like "volatility" by judging whether the probability of the event occurring will rise or fall for swing trading.
2. How is EventX settled?
- Markets:
Users can hold positions until the event’s final outcome is determined for settlement, or sell early before the event is settled based on market price changes to lock in profits or control losses (you cannot open two positions in opposite directions in the same market at the same time).
Final settlement PnL formula
There are only two possible final outcomes for an event:
| Final outcome | "Yes" settlement price | "No" settlement price |
|---|---|---|
| Event occurs | 1 | 0 |
| Event does not occur | 0 | 1 |
"Yes" direction
If the event ultimately occurs: PnL = (1 - buy price) × position size. If the event ultimately does not occur: PnL = (0 - buy price) × position size
"No" direction
If the event ultimately does not occur: PnL = (1 - buy price) × position size. If the event ultimately occurs: PnL = (0 - buy price) × position size
That is: Loss = purchase cost
Formula for PnL when closing a position early:
"Yes" direction
Net PnL = (close price - open price) × position size - opening fee - closing fee Principal = open price × position size
"No" direction
Net PnL = (open price - close price) × position size - opening fee - closing fee Principal = (1 - open price) × position size
- Leverage section:
Only some events support Leverage mode. Events in "Leverage mode" are not held until final outcome settlement, and each event has an auto-close time. If a position is still open when the auto-close time is reached, the system will automatically close it at the current market price. Users can also manually close positions at any time during the event to complete settlement (you cannot open two positions in opposite directions in the same market at the same time).
Note: As the closing time approaches, prices are more likely to fluctuate. It is recommended that users close positions before the auto-close time.
Formula for PnL when closing a position early:
1. Early close for the "Yes" direction (long position)
Net PnL = (close price - open price) × position size - opening fee - closing fee
Margin = open price × position size ÷ leverage multiple
2. Early close for the "No" direction (short position)
Net PnL = (open price - close price) × position size - opening fee - closing fee
Margin = (1 - open price) × position size ÷ leverage multiple
Note: The multilingual translations of the product page rules may differ. If there are any discrepancies, the English original shall prevail.
3. Introduction to EventX fees
a. Trading fee (0 fees for a limited time; please refer to subsequent announcements for the end time of the fee discount)
Included in the BingX VIP fee structure. The higher your VIP level, the lower your fees.
b. Expiry settlement fee (0 fees for a limited time; please refer to subsequent announcements for the end time of the fee discount)
This will be charged according to a separate fee structure (only charged to the winning side upon settlement in "Markets" mode; for orders in the Leverage section that remain open at expiry, positions will be automatically closed at market price, and the taker closing fee will be charged normally according to the VIP fee tier).
For details on settlement fees, see >>
c. Funding rate
The funding rate for EventX contract is the same as for Perp Futures. Fees are typically settled between buyers and sellers every 1 to 8 hours. If the funding rate is positive, longs pay shorts. If the funding rate is negative, shorts pay longs.
*During the public beta, EventX trading is available with 0 fees in certain regions. Actual fee rates are as displayed on the EventX product page.
4. Can EventX trading be liquidated?
"Markets" mode does not have a liquidation mechanism, the same as mainstream prediction market models.
The "Leverage" section has a forced liquidation mechanism. When the risk ratio reaches or exceeds 100%, the position will be forcibly liquidated. Please manage your risk carefully.
5. What are the restricted regions for EventX trading?
Check details >>
6. What are the sources of probability prices and result determination for EventX?
EventX uses the established external prediction market Polymarket as a reference source for event design. When an event is settled, EventX uses the final result of the corresponding event on Polymarket and its related adjudication rules as the core basis (the event result follows Polymarket's adjudication, and there may be a dispute period or result adjustments).
*The probability/price of EventX contract is mainly determined by user trading behavior on the platform, so there may be some differences in probability/price compared with Polymarket.
7. Which features are currently not available for EventX?
Currently, EventX trading does not support Cross Margin, adding margin, Guaranteed Price, Multi-Assets, Copy Trading, API trading, Grid Trading, Martingale, Signal Trading, AI analysis, and other features. Bonus Voucher, Trial Fund, Position Voucher, and similar vouchers are also not supported at this time.
8. Is EventX trading volume included in campaign statistics?
Unless otherwise specified, it is not included in event statistics.
9. During the limited-time 0-fee-rate period for EventX trading, are commissions/rebates supported?
No trading fees are charged during the limited-time 0-fee-rate promotion, so no corresponding commissions/reabtes will be generated.
10. Does EventX trading have an ADL mechanism?
The Leverage section has an ADL mechanism, the same as Perp Futures.
11. Risk control mechanism for EventX trading
To maintain trading order on the platform and protect a fair trading environment for regular users, BingX will continuously monitor for abnormal or malicious trading behavior in EventX, including but not limited to abnormal trading or improper profit-making by exploiting system mechanisms, gaps in market liquidity, or technical means. If the platform identifies trading behavior that violates platform rules or maliciously exploits system mechanisms, it will implement risk control measures based on the actual circumstances, including but not limited to: deducting abnormal profits, restricting some or all trading permissions, suspending related account functions, and banning accounts.
Specific handling measures will be determined based on the actual situation.