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Introduction to Detailed Mode and Brief Mode on Binance Futures (App)

Introduction to Detailed Mode and Brief Mode on Binance Futures (App)

2023-02-22 13:57

What are Brief Mode and Detailed Mode on Binance Futures?

Binance users trading futures on the Binance App can use two different modes: Detailed Mode and Brief Mode.
Brief Mode lets you see more positions on one screen, especially if you hold many positions on different assets. And the Detailed Mode, activated by default, provides a more detailed overview of your futures positions. It also includes additional indicators such as Margin, Return on Equity (ROE), Risk, and Breakeven price.

How to switch between Brief Mode and Detailed Mode for USDⓈ-M and COIN-M positions on Binance App

1. Log into the Binance App, go to [Futures], and tap […] on the top right corner.
2. Then tap [Preferences] - [Positions Display Mode], and select either [Brief Mode] or [Detailed Mode] from the drop-down menu.

What key indicators does the Detailed Mode display?

The Detailed Mode is activated by default when you trade futures on the Binance App.
In Detailed Mode, you have access to a comprehensive view of your positions, including the following indicators:
1. Position Size: Trading units using stablecoins in USDⓈ-M Futures such as USDT. The open position amounts shown are calculated based on the actual coin quantity, and the values change with the last price of the symbol. The position size is quoted in USDT for USDⓈ-M contracts and coin for COIN-M contracts.
2. Margin: The value of your margin balance (USDT) allocated to the initial margin requirements of your open positions. For more information, you can refer to the dedicated FAQs detailing margin and margin requirements calculation.
3. Mark Price: The latest Mark Price for this contract. The Mark Price is used for unrealized PnL and margin calculations to prevent price manipulation. It may also differ from the Last Price.
Mark Price is calculated based on the Index Price. The Price Index is a bucket of prices from the major Spot market exchanges, weighted by their relative volume. You can refer to this blog article to learn more about Mark Price.
4. Liquidation Price
Your position will be liquidated if the contract Mark Price exceeds the liquidation price.
To learn more about liquidation prices on Binance Futures, read this article on Liquidation Protocols.
5. Risk: Account Margin Ratio = Account Maintenance Margin / Account Equity
The lower the Margin Ratio, the lower your liquidation risk. Your positions will be liquidated once the Margin Ratio reaches 100%.
6. Return on Equity (ROE): Measures the profitability of your position in %. Learn more about ROE calculation here.
7. Entry Price: The price at which you bought the futures contract (long or short) on Binance.
If you tap [Entry Price], you’ll see a popup window displaying the Breakeven Price of your position
8. Profit and Loss (PnL): Measures the change in the value of your positions. Refer to the corresponding FAQ to learn more about PnL calculation for USDⓈ-M and COIN-M contracts.
If you tap [PnL], you’ll see a pop-up window allowing you to base your PnL Calculation on either the contract’s Mark Price or Last Price.
Note: You can easily calculate the PnL, Target Price, ROE, and Liquidation Price using the Futures Calculator. Refer to the in-depth tutorial on How to Use Binance Futures Calculator for more information.

What indicators does the Brief Mode display?

Brief Mode provides a compact view displaying more positions on one screen, making it more convenient for traders who prefer a complete overview of their positions on the Binance App.
The following key indicators of positions are displayed under Brief Mode: Asset Symbol and corresponding position size, Entry Price, Mark Price, Liquidation Price, and PnL.