Introducing Perpetual Futures Bonus (User Guide & FAQ)

1. What is Perpetual Futures Bonus?

2. What are the functions of Perpetual Future Bonus?

• Real Trading: Users can participate in real futures trading without additional investment.
• Operational Flexibility：Futures bonuses offer flexibility in their usage, allowing users to apply them based on individual needs and market conditions.
• The Bonus can be used as a margin when trading Perpetual Futures. The Bonus cannot be withdrawn, but the profit generated by trading with the Bonus can be withdrawn. (Net Profit = Profit - Closing Fees).

3. What to take note of when using Perpetual Future Bonus?

• The Perpetual Futures Bonus has a leverage limit.
• Positions funded by the bonus are time-limited and will be automatically closed upon expiration. Early exit is available via manual closure.
• Only one bonus can be used per Futures trade, and you're limited to holding one Perpetual Futures Bonus position at a time.
• The bonus is available only in isolated margin mode.
• Bonus-funded trades must use market orders for full execution.
• Bonus assets are excluded from the USDT-margined futures account equity, with position risk calculated independently.

4. How do I use Perpetual Future Bonus?

• Follow the platform's specified process to claim your bonus in My Bonus, then click "Use Now" to be redirected to the trading page.
• Adhere to the bonus's trading limitations, including supported trading pairs, leverage limits, and market order requirements.
• Monitor your bonus's validity and position holding period and ensure timely utilization to prevent expiration.
• The bonus cannot be combined with the principal, and additional positions cannot be added after opening.
• The bonus supports market orders and lightning close positions.
• Bonus orders cannot be placed directly from the candlestick chart.
• TP/SL: Bonus positions do not support Guaranteed TP/SL, trailing TP/SL, or partial TP/SL features.
• The trading volume generated with the Perpetual Futures Bonus will not be included in the Perpetual Futures transaction history. Only profits after settlement will be included in your Perpetual Futures account.

5. What are the rules regarding the renewal of Perpetual Future Bonus?

• The bonus will be automatically recovered if unused and exceeds the validity period.
• The bonus will be recovered after forcefully liquidating the position or ADL is triggered.
• The bonus will be fully recovered when the position using the bonus is closed or liquidated.
• If the position using the bonus exceeds the holding period, the system will automatically close the position, and the bonus will be fully recovered.

6. Frequently Asked Questions (FAQ) about Perpetual Futures Bonus

• The bonus has three states: "Available," "In Use," and "Expired."

• Reward Center > Bonus on the homepage once you've checked your vouchers or directly on the trading page.
• When the bonus status is "Available," please use it as soon as possible; it will change to "Expired" after the validity period ends.

• The bonus covers the opening fees and funding fees for bonus-funded trades.
• In loss when closing a bonus position, the closing fee and loss will be deducted from the bonus.
• If the bonus position is closed with profit, the closing fee will be deducted from the profit.

• Losses incurred are limited to the book value of the bonus (position bonus).
• Losses incurred through futures bonus do not impact your account balance, as they do not involve personal funds.

• Due to price volatility, there's a possibility that a future bonus may not be fully executed after placing an order, and the remaining portion will no longer be usable.

• Please refer to the "Toobit Perpetual Futures Bonus Usage Guide" for specific usage guidelines.

1. In the event of malicious attempts to exploit Futures Bonus, Toobit reserves the right to take appropriate actions against the involved account to recover any incurred losses. Toobit retains the final authority over the interpretation of the Futures Bonus.
2. In practice, it is crucial to stay calm and rational, avoiding unnecessary risks from excessive profit-seeking. Improving futures trading knowledge and skills is key to effectively utilizing Futures Bonus.