1. Account
Cross Margin Mode
Term 
Description 
Equity 
The total sum of assets in your account, which is Balance + RPL + UPL. 
Balance 
The collateral deposited to the account (can be transferred from Wallet / Spot / Futures / ETT accounts). After settlement, your RPL and UPL will be credited here too. 
RPL 
The profit and loss of the closed positions since the last settlement (04:00, 12:00 and 20:00 HKT daily). 
UPL 
The profit and loss of the open positions since the last settlement (04:00, 12:00 and 20:00 HKT daily). 
Margin Available 
The margin available for opening positions, which is = Equity  required Maintenance Margin  Margin on Hold 
Margin Used 
The margin used for open positions = Maintenance Margin + Margin on Hold 
Margin on Hold 
Margin withheld for Working Orders 
Margin Ratio 
A risk indicator for the account, which is Equity / (Position Value + Margin on Hold x Leverage) 
Maintenance Margin Ratio 
The lowest possible Margin Ratio for maintaining the current positions. Full or Partial Liquidation will occur if Margin Ratio is lower than Maintenance Margin Ratio. 
Term 
Description 
Open Position (token / contract) 
The Number of Swaps open. The unit can be switched to token. Open Position = Face value x Number of Swaps / Last Filled Price 
Closable 
The Number of Swaps closable, which is Number of Swaps open  Number of Swaps frozen 
Margin 
Face Value x Number of Swaps / (Latest Mark Price x Leverage) 
Profit 
Profit of the current Open Position, including the RPL and UPL settled and credited to Balance. 
Profit Ratio 
Profit / Initial Margin 
Average Position Price 
The average cost of opening the position, which will not vary with settlement and accurately reflects the cost of opening this position. 
Settlement Reference Price 
The price used to calculate the UPL. The price will be adjusted every day during settlement. However, such adjustment does not affect users’ actual profit. 
Est. liquidation price 
The price that, when used as Latest Mark Price in the calculation of the Margin Ratio, makes Margin Ratio equal to the required Maintenance Margin Ratio. When the Mark Price reaches this price, Full or Partial Liquidation occurs. 
Settled profit 
The profit that credited to your balance from the settlement procedure. 
UPL 
The profits or losses of your open positions. All UPL will be settled and credited to user balance at settlement every day. Then the UPL will be reset. 
Fixed margin mode
Funds are segregated into "sub accounts" under this mode. Each sub account consists of balance, RPL, amount on hold and UPL.
Funds can be freely transferred between "Futures Account" and "Spot Account". But the funds in the sub accounts can only be transferred out after all the holding positions of the contract are closed. While RPL can only be transferred out after settlement.
Balance (account): margin for all open positions, can be transferred to sub accounts for adding margin.
Balance (sub account): margin for the open positions. Together with RPL, they act as the Collateral OCC
Available amount of a swap: the margin available for opening new positions
RPL: Your gains and losses, from the last settlement till now, that have been realized by closing your position. It can be used as margin for the holding positions and open orders.
On hold: The margin required for open orders of the contract. After the order is filled, the value will be added to the Collateral OCC, which consists of equity and RPL.
Fixed margin: The margin required for the positions of the swap. The margin will remain the same after opening or closing the positions, but it can be added manually by the user.
Term 
Description 
Equity 
The total sum of assets in your account, which is Balance + RPL + UPL. 
Balance 
The collateral deposited to the account (can be transferred from Wallet / Spot / Futures / ETT accounts). After settlement, your RPL and UPL will be credited here too. 
RPL 
The profit and loss of the closed positions since the last settlement (04:00, 12:00 and 20:00 HKT daily). 
UPL 
The profit and loss of the open positions since the last settlement (04:00, 12:00 and 20:00 HKT daily). 
Margin Available 
The margin available for opening positions, which is = Equity  required Maintenance Margin  Margin on Hold 
Margin Used 
The margin used for open positions = Maintenance Margin + Margin on Hold 
Margin on Hold 
Margin withheld for Working Orders 
Term 
Description 
Open Position (token / contract) 
The Number of Swaps open. The unit can be switched to token. Open Position = Face value x Number of Swaps / Last Filled Price 
Closable 
The Number of Swaps closable, which is Number of Swaps open  Number of Swaps frozen 
Margin 
Face Value x Number of Swaps / (Latest Mark Price x Leverage) 
Profit 
Profit of the current Open Position, including the RPL and UPL settled and credited to Balance. 
Profit Ratio 
Profit / Initial Margin 
Average Position Price 
The average cost of opening the position, which will not vary with settlement and accurately reflects the cost of opening this position. 
Settlement Reference Price 
The price used to calculate the UPL. The price will be adjusted every day during settlement. However, such adjustment does not affect users’ actual profit. 
Est. liquidation price 
The price that, when used as Latest Mark Price in the calculation of the Margin Ratio, makes Margin Ratio equal to the required Maintenance Margin Ratio. When the Mark Price reaches this price, Full or Partial Liquidation occurs. 
Settled profit 
The profit that credited to your balance from the settlement procedure. 
UPL 
The profits or losses of your open positions. All UPL will be settled and credited to user balance at settlement every day. Then the UPL will be reset. 
Margin Ratio 
A risk indicator for the account, which is (Fixed Margin + UPL) / Position Value = (Fixed Margin + UPL) / (Face Value x Number of Swaps / Latest Mark Price) 
Maintenance Margin Ratio 
The lowest possible Margin Ratio for maintaining the current positions. Full or Partial Liquidation will occur if Margin Ratio is lower than Maintenance Margin Ratio.

2. Profit and Loss
Before settlement, users can buy and sell the swaps on their own discretion.
RPL is the profit and loss generated from closing positions.
RPL of a swap:
Open long: RPL = (Face Value / Settlement Reference Price  Face Value / Average Closing Price) x Number of Swaps closed.
E.g. John opened 2 long BTC swaps at the Settlement Reference Price 500 USD/BTC, then closed 1 swap at 1,000 USD/BTC, the RPL is then = (100 USD / 500 USD/BTC  100 USD / 1,000 USD/BTC) * 1 = 0.1 BTC.
Open short: RPL = (Face Value / Average Closing Price  Face Value / Settlement Reference Price) x Number of Swaps closed.
E.g. John opened 10 short BTC swaps at the standard settlement price 500 USD/BTC, then closed 8 swaps at 1,000 USD/BTC, the RPL is then = (100 USD / 1,000 USD/BTC  100 USD / 500 USD/BTC) * 8 =  0.8 BTC.
UPL of a swap:
Open long: RPL = (Face Value / Settlement Reference Price  Face Value / Latest Mark Price) x Number of Swaps held
Open long: RPL = (Face Value / Latest Mark Price  Face Value / Settlement Reference Price) x Number of Swaps held