UEEx Futures Beginner’s Guide

This guide introduces the basic concepts, key functions, and trading flow of UEEx Futures Trading.

Futures trading can be divided into three stages:

1. Before Opening a Position — understand direction, leverage, margin, and order types
2. While Holding a Position — monitor PnL, margin risk, funding rate, and liquidation price
3. When Closing a Position — close your position and settle profit or loss

Risk Warning: Futures trading involves leverage and carries a high level of risk. Leverage can amplify both profits and losses. Please trade carefully and only after understanding the product rules.

1. Key Futures Trading Terms

2. Before Opening a Position

2.1 What is Futures Trading?

UEEx Futures Trading allows users to trade based on price movements without directly holding the underlying asset.

Users can choose:

• Open Long — if they expect the price to rise
• Open Short — if they expect the price to fall

Example:

If you are trading XRPUSDT Perpetual:

• If you expect XRP to rise, you can open a long position.
• If you expect XRP to fall, you can open a short position.

2.2 What is a Perpetual Futures Contract?

A perpetual futures contract is a futures product with no fixed expiry date.

Users may open, hold, or close positions based on market conditions.
As long as the position is not closed or liquidated, it can continue to remain open.

2.3 Long and Short

Long

Choose Open Long when you expect the price to rise.

Example:

• Current XRP price: 1.40 USDT
• You open a long position
• If the price rises to 1.50 USDT and you close the position, you may make a profit

Short

Choose Open Short when you expect the price to fall.

Example:

• Current XRP price: 1.40 USDT
• You open a short position
• If the price falls to 1.30 USDT and you close the position, you may make a profit

2.4 What is Leverage?

Leverage allows users to control a larger position with a smaller amount of margin.

Example:

If you use 10 USDT as margin with 10x leverage, you may open a position worth around 100 USDT.

However:

Leverage amplifies both profits and losses. The higher the leverage, the closer the position may be to liquidation when the market moves against you.

New users should avoid using high leverage at the beginning.

2.5 Isolated Margin and Cross Margin

Isolated Margin

In isolated margin mode, each position has its own allocated margin.

Key points:

• Each position’s risk is calculated separately
• Losses are mainly limited to the margin assigned to that position
• Users may add or reduce margin for a specific position, depending on available platform functions

This is easier for beginners to understand and manage.

Cross Margin

In cross margin mode, available account balance may be shared as margin.

Key points:

• Multiple positions may share available margin
• Losses from one position may affect other positions
• If risk is not managed properly, larger losses may occur

New users should use cross margin carefully.

2.6 Market Order and Limit Order

Market Order

A market order is executed quickly at the best available market price.

Advantages:

• Fast execution
• Suitable for users who want to open or close positions immediately

Note:

• In volatile markets, the final execution price may differ from the price shown on the screen.

Limit Order

A limit order allows users to set a specific order price.

Advantages:

• Better price control
• Suitable for users who do not need immediate execution

Note:

• If the market price does not reach the limit price, the order may not be filled.

2.7 Take Profit and Stop Loss

Take Profit and Stop Loss are important risk-management tools.

• Take Profit (TP): Automatically closes a position when the target profit price is reached.
• Stop Loss (SL): Automatically closes a position when the preset loss price is reached.

New users are strongly encouraged to set a stop loss before or after opening a futures position.

3. How to Open a Futures Position on UEEx

Step 1: Enter the Futures Trading Page

Open the UEEx App, tap Trade, then select Futures at the top of the page.

Step 2: Select a Futures Trading Pair

Choose the futures pair you want to trade, such as:

XRPUSDT Perpetual

You can tap the trading pair name to switch to another contract.

Step 3: Select Margin Mode

Choose the margin mode according to your risk preference:

• Isolated
• Cross, if available

Beginners are advised to understand isolated margin first before using more advanced margin modes.

Step 4: Set Leverage

Tap the leverage setting, such as 20x, and adjust it based on your risk tolerance.

Suggestions:

• Avoid high leverage as a beginner
• Do not use all available funds in one trade
• Always check liquidation risk before placing an order

Step 5: Select “Open”

Choose Open to create a new futures position.

Step 6: Choose Order Type

Common order types include:

• Market
• Limit

Use a market order if you want fast execution.
Use a limit order if you want to control the execution price.

Step 7: Enter Trading Quantity

Enter the quantity you want to trade.

For example, in an XRPUSDT contract, the quantity unit may be shown as XRP.
Please refer to the unit displayed on the actual trading page.

Step 8: Check Available Balance

The trading page will show your available futures balance.

If your available balance is insufficient, tap Transfer to move assets into your futures account.

Step 9: Set Take Profit / Stop Loss

If supported on the page, you can enable Take Profit / Stop Loss and set:

• Take-profit price
• Stop-loss price

This helps manage risk before the market moves sharply.

Step 10: Open Long or Open Short

After confirming all order details:

• Tap Open Long if you expect the price to rise
• Tap Open Short if you expect the price to fall

Once the order is filled, you can view the position under the Positions section.

4. While Holding a Position

After opening a position, users should monitor the position status carefully.

4.1 Position

The Positions section usually displays:

• Trading pair
• Position direction
• Leverage
• Entry price
• Current price
• Unrealised PnL
• Margin
• Liquidation price
• Take Profit / Stop Loss settings

4.2 Unrealised PnL

Unrealised PnL is the floating profit or loss of an open position.

It changes in real time as the market price moves.

Important:

Unrealised PnL is not final profit or loss. It only becomes realised after the position is closed.

4.3 Realised PnL

Realised PnL is the actual profit or loss after closing a position.

It may be affected by:

• Entry price
• Exit price
• Position size
• Trading fees
• Funding fees
• Slippage

4.4 Liquidation Price

Liquidation price is one of the most important risk indicators in futures trading.

When the market price approaches the liquidation price, the position risk increases significantly.
If the margin becomes insufficient, the system may force-close the position.

Users can reduce liquidation risk by:

• Using lower leverage
• Reducing position size
• Adding margin
• Setting stop loss
• Avoiding full-position trading

4.5 Funding Rate

Perpetual futures usually have a funding rate mechanism.

The funding rate may be positive or negative.
Depending on your position direction, you may either pay or receive funding fees.

On the UEEx futures trading page, users can view:

• Current funding rate
• Countdown to the next funding settlement

The exact settlement rules should follow the trading page display and official UEEx announcements.

4.6 Open Orders

Open orders are submitted orders that have not yet been fully filled.

Examples include:

• Limit orders waiting for the target price
• Take Profit / Stop Loss orders waiting to be triggered
• Strategy orders waiting for execution

Users can view or cancel these orders under Open Orders.

5. How to Close a Futures Position

Closing a position means ending an existing futures position and settling the profit or loss.

5.1 Manual Close

Go to the Positions section, select the position you want to close, and tap Close.

You may choose:

• Market close
• Limit close, if available

5.2 Close by Take Profit / Stop Loss

If you have set Take Profit or Stop Loss, the system may automatically submit a closing order once the trigger condition is met.

5.3 Forced Liquidation

If the market moves against your position and your margin is not enough to maintain the position, the system may trigger liquidation.

Liquidation may result in the loss of the margin used for that position.
Users should avoid letting positions get too close to the liquidation price.

6. Common Questions

6.1 What is the difference between long and short?

6.2 Why can’t I open a position?

Common reasons include:

• Insufficient futures balance
• Required account verification not completed
• Order quantity below the minimum order size
• Leverage or position size exceeds the limit
• The selected contract is temporarily unavailable
• Network or system maintenance

6.3 Why was my order not filled?

Possible reasons include:

• You placed a limit order and the market has not reached your price
• Market depth is insufficient
• The order price is too far from the current market price
• The order was cancelled or expired

6.4 Why is my futures available balance zero?

Your funds may still be in another account, such as the spot account.

Tap Transfer to move assets into your futures account before trading futures.

6.5 Will every futures position be liquidated?

No.

Liquidation depends on factors such as:

• Position direction
• Leverage
• Position size
• Margin balance
• Market volatility
• Stop-loss and margin management

However, higher leverage generally means higher liquidation risk.

7. Beginner Trading Tips

1. Understand the rules before trading
   Futures trading involves leverage, margin, liquidation, and funding fees.
2. Use low leverage at the beginning
   High leverage does not guarantee higher profits. It increases liquidation risk.
3. Avoid using all funds in one trade
   Keep enough available balance to manage market volatility.
4. Set Take Profit and Stop Loss
   Plan your target profit and maximum acceptable loss before entering a trade.
5. Monitor the liquidation price
   If the market price approaches the liquidation price, reduce risk immediately.
6. Be cautious with long-term positions
   Perpetual futures may generate funding fees.
7. Avoid emotional trading
   Do not chase the market during extreme volatility.

8. Disclaimer and Risk Warning

This guide is for educational purposes only and does not constitute financial advice, investment advice, or trading advice.

Digital asset markets are highly volatile. Futures trading involves leverage and may result in significant losses, including the loss of all margin allocated to a position. Users should trade based on their own experience, financial situation, and risk tolerance, and are solely responsible for their trading decisions.

The final interpretation right belongs to UEEx official.