Notice on the Trading Mechanism in the Challenge Phase

To ensure a professional and consistent trading experience during the Challenge Phase, we would like to clarify the underlying trading mechanisms of the platform. Understanding these fundamentals will help you accurately evaluate strategy performance and avoid misjudgments caused by misunderstandings of the system.

Introduction to Simulated Trading in the Challenge Phase

The Challenge Phase is a fully independent simulated trading environment, divided into Challenge Phase 1 and Challenge Phase 2. All your trading activities (including opening positions, closing positions, placing orders, etc.) are executed and settled within this closed simulation system. The operational logic and parameter settings strictly adhere to standard trading specifications, aiming to provide you with a stable and fair environment for testing your strategies.

Logic of Funding Rate Calculation

During the Challenge Phase, the funding rate is calculated dynamically based on the long/short position ratio of all users within the simulation, rather than being directly referenced from the real market. This mechanism ensures that the rate reflects the current supply-demand relationship and market sentiment within the simulation environment in real-time. Since this is an independent dynamic calculation process, the resulting funding rate may differ from that of the real market. This is a normal phenomenon of the simulation environment.

Order Triggering and Execution Mechanism

In the Challenge Phase, conditional orders (such as Take Profit and Stop Loss orders) are triggered based on the index price. This is designed to prevent accidental triggering caused by price flash crashes or spikes on a single exchange. Once your order conditions are met, the system will execute the trade as a market order based on the order book within the simulation.

Since the liquidity of the simulation environment dynamically changes according to participant behavior, there may be a reasonable deviation between the trigger price and the actual execution price.

Important Note: All trading activities in the Challenge Phase are simulated and will not enter the real market order book for matching. The system simulates the real market's matching logic to provide a realistic trading experience.

Recommendations for Users

1. Understand the Source of Differences: Funding rates and execution prices in the Challenge Phase reflect the state of the simulation environment and should not be equated directly with real market data.

2. Allow for Leeway When Setting Orders: It is recommended to set a reasonable buffer between your trigger price and expected execution price, or assess the potential execution deviation based on current market volatility.

3. Treat the Challenge Phase as a Learning Tool: Focus on familiarizing yourself with trading rules and testing your strategy logic, rather than pursuing an exact numerical match with the real market.

We are committed to providing you with a transparent, fair, and realistic trading experience. Understanding these mechanisms will help you navigate market changes with greater composure when you eventually enter the real market.

If you have further questions, please feel free to consult our help documentation or contact customer support.