| Scenarios | Description | How Trading Credits Are Applied |
|---|---|---|
| Initial margin lower than your Trading Credits | You have 100 USDT in Trading Credits. You open a derivative trade requiring 80 USDT for initial margin. | 80 USDT from your Trading Credit is automatically applied to cover the initial margin. Your own deposited funds remain untouched, and 20 USDT in Trading Credit remains. |
| Initial margin higher than your Trading Credits | You have 100 USDT in Trading Credits. You open a derivative trade requiring 120 USDT for initial margin. | All 100 USDT of your Trading Credit is automatically used. The remaining 20 USDT of the required margin is then covered by your own funds. |
Multiple Trading Credits
| You have an older 50 USDT Trading Credit and have a newer 100 USDT Trading Credit. You open a trade requiring 80 USDT for initial margin. | Trading Credits are utilized based on expiry date, prioritizing the credit that expires the soonest.
For example, if the older 50 USDT is nearing its expiration date, it will be used first. The remaining 30 USDT of the required margin is then covered by the newer 100 USDT credit. Your own funds are untouched, and 70 USDT of the newer Trading Credit remains. |
| Positive PnL | You open a trade using 100 USDT Trading Credit and 20 USDT of your own funds in margin. The trade closes in profit +50 USDT. | Both 100 USDT Trading Credits and your own 20 USDT used on margin are returned back to you. The +50 USDT profit will cover the trading fees, then the remaining net profit is added to your account balance. In this trade, the total balance you end up with will be your original funds plus the net profit after fees are deducted. |
| Negative PnL | You open a trade using 100 USDT Trading Credit and 20 USDT of your own funds in margin. The trade closes at a loss of -80 USDT. | The -80 USDT loss and trading fees is first absorbed by your Trading Credits. The remaining 20 USDT of Trading Credits and 20 USDT of your own funds is returned to your account. No funds are taken from your main account to cover the loss. In this trade, you will end up with a 40 USDT balance. |
| Partial Position Close | You open a trade using 100 USDT Trading Credit in margin. You later close half of the position. | 50 USDT of the Trading Credits returned back to your account balance.. Any profit or loss from the closer position is realized. The remaining 50 USDT Trading Credit remains active in the trade.
User can get his own funds back first, and leaving the trading credit as margin.He could still withdraw his original 50 USDT fund, if the remaining trading credit could support the unclosed half of the position |
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Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.