1. What is Copy Trading with Zero Slippage?
Toobit's "0-slippage copy trading" of copy trading is based on an advanced matching engine, which achieves price synchronization between followers and pro traders, providing you with a more stable and reliable copying service.
2. How to use it?
Unfollow Users——
A:On the copy trading page, select the corresponding pro traders to follow;
B:On the setting page,users can use this feature
Followed Users——
Users can click「My Trades」-「Editing」, and then switch it
3. Above Fee
To achieve zero slippage in copy trading, Toobit collaborates with over-the-counter (OTC) market makers. The OTC market makers handle the copy trading orders, executing them at the same price as the trader. OTC market makers charge a small fee for their services. While the platform covers a portion of these fees, users who opt for the Copy With 0 Slippage will bear a portion of them. Ultimately, these collected fees go to the market makers.
4. How to charge the fee?
Users who enable Copy With 0 Slippage will be subject to a fee for every "Per Order" perpetual futures order. This fee will be deducted from the perpetual futures account. Users can find records of fee deductions in their transaction history.
Copy Trading with Zero Slippage Fee=Filled Price *Filled Amount*The Fee Rate For Copy Trading with Zero Slippage
For example: a follower opens a long position of 10 ETH when the price of the ETH perpetual contract reaches 2800 based on the market price. When the price reaches 2900, he closes the position of 10 ETH at the market price. If the 0 slippage rate for copying ETH-SWAP-USDT is 0.010% at this time, after the user turns on the "0 slippage for copying" function, the net profit and loss at this time is
Opening fee: 2800*10*0.06%=16.8 USDT
Opening a position with "0 slippage fee" = 2800*10*0.01%=2.8 USDT
PNL: (2900-2800)*10=1000 USDT
Closing fee: 2900*10*0.06%=17.4 USDT
"0 slippage fee" for closing a position = 2900*10*0.01%=2.9 USDT
Net profit=1000-16.8-2.8-17.4-2.9=960.1 USDT
At this time, after deducting the fees for opening and closing positions and the fees with 0 slippage, the user’s actual profit = 960.1 USDT [without calculating profit sharing]
5. FAQ
A:Is the fee rate for Copy With 0 Slippage fixed?
Due to the influence of trading volume and market depth on slippage, the fee rate for the 0-slippage copy trading is also dynamic. The system will automatically update based on current market conditions.
B:Why is the filled price in Copy Trading not on the candlestick chart?
As 0 slippage copied orders are executed off-market and not directly on the Perpetual Futures market, the filled price of these orders won't affect the Perpetual Futures candlestick chart. As a result, the specific filled price might not appear on the candlestick chart.
C:Why do I still experience slippage even after activating Copy With 0 Slippage?
Since the "Copy With 0 Slippage" incur associated costs, when the price difference exceeds the range that market makers can bear, they may refuse to take the order. If it's an order to open a position, then the copy trade will not be executed (copy trading failure). If it's an order to close a position, then a market order will be placed at the time the order is placed.
D:Should I enable Copy With 0 Slippage?
If the user enables "Copy With 0 Slippage", a fee will be charged after each copying order is completed. Moreover, the transaction price of the order leader and the transaction price of the followers will remain consistent, which can avoid being affected by market fluctuations. The transaction price of the pro traders and the follower user are inconsistent.
E:Does “Copy With 0 Slippage” apply for all perpetual symbols
“Copy with 0 slippage” just for part of perpetual symbols,More Details:
Symbol |
Rate |
BTCUSDT |
0.010% |
F:Is "0 slippage copy trading" completely risk-free?
Any investment involves risk. While "0 slippage copy trading" reduces the risk of slippage, it cannot completely eliminate market risk. Investors should still choose suitable trading products and strategies based on their own risk tolerance.
G:What are the benefits of "0 slippage copy trading"?
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Improved trading accuracy: Ensures that followers can precisely replicate the trading actions of the trader they are following, reducing trading deviations caused by slippage.
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Reduced trading risk: Avoids additional losses caused by slippage, enhancing trading security.
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Enhanced user experience: Provides a smoother and more stable copy trading experience, allowing users to focus more on their trading strategies.