Home » MEXC Academy Learn & Earn Quiz #2 MEXC Academy Learn & Earn Quiz #2 Done with learning? Now it's the time to test your knowledge with MEXC Academy Learn & Earn Futures Quiz and earn some bonus crypto! Please fill MEXC UID What are Futures? Derivative trading product Special tool to transfer assets Mathematical equation Type of KYC procedure Special crypto loan None What feature Perpetual Futures Contract doesn't have? Fair price Ability to buy and sell it An expiry date Index price None What is the benefit of using futures trading? You can bet against the market by shorting it It gives you trading fee discount You can transfer it to other user None What is Index Price? Price derived from a bucket of prices of the major spot market exchanges, while the fair price is calculated based on the index price and the funding data Price designed to avoid spikes and unnecessary liquidation during periods of high volatility, which is often a trader’s biggest concern. MEXC Futures calculates liquidation prices based on the fair price instead of the latest transaction price, thereby avoiding unnecessary liquidation. None What happens in Cross Margin Mode? All assets will be automatically moved from spot wallet Margin balance will be shared across all your positions P2P trading balance will be added to Futures account None If you buy/long BTC 10,000 contracts of BTC at 40k USDT with 125X leverage and sell at 45k USDT. How much margin do you need to invest in getting 5000 USDT profit? 320 USDT 100 USDT 50 USDT 1000 USDT None Time's up Campaign Ended
