Binance Futures has launched the USDⓈ-M Easy Trade Mode to offer users a simplified and more straightforward interface. You can access the USDⓈ-M Easy Trade Mode from the Binance app Pro.
The USDⓈ-M Easy Trade Mode runs with the Multi-Assets Mode by default. To learn more, you can refer to What Is Multi-Assets Mode and What Assets Does It Support.
How to activate the USDⓈ-M Easy Trade Mode?
1. Log in to your Binance app and make sure that you’re using the Pro version. Tap [Futures] at the bottom.
2. You’ll be redirected to the Futures USDⓈ-M trading interface. Tap [...] at the top right to view more trading features. Select [Easy] next to [Trade Mode].
How to place orders on the USDⓈ-M Easy Trade Mode?
1. Select the symbol you want to trade.
2. Adjust the leverage.
3. Choose [Buy] or [Sell].
4. Enter the order amount (quoted in USDT or USDC).
5. You can enlarge your position size using the increment boxes ([MAX] refers to the maximum available balance multiplied by leverage).
Please note that orders placed on the USDⓈ-M Easy Trade Mode are Limit Immediate-Or-Cancel (IOC) orders. This means that an order will be executed at the maximum or the minimum price based on the below rules. It can be executed even when it is only partially filled.
- Long Position Price Limit = Last Price * (1 + Slippage Tolerance)
- Short Position Price Limit = Last Price * (1 - Slippage Tolerance)
How to adjust the slippage tolerance?
Slippage refers to the difference between an order's anticipated price and the actual executed price. Although slippage can happen at any time, it most commonly takes place when market orders are placed in periods of high volatility.
Slippage tolerance adjustment is an exclusive feature in the USDⓈ-M Easy Trade Mode. To adjust, tap the edit icon next to [Slippage Tolerance] and select the slippage tolerance % for your order.
Please note that each symbol has specific slippage caps. You can refer to the [Limit Order Price Cap / Floor Ratio] column on the USDⓈ-M Trading Rules page for more details.
The following rules apply to all limit orders as a framework:
- The buy price of a limit order should be less than or equal to (1 + cap ratio ) * current Mark Price of the contract;
- The sell price of a limit order should be higher than or equal to (1 - floor ratio) * current Mark price of the contract.
How to monitor open positions?
Similar to the Classic Trade Mode, you can view all your open positions under the [Positions] tab. You can also view your traded symbols and their equivalent USDT amount on the USDⓈ-M Easy Trade Mode.
The PNL (ROE%) is calculated using the Last Price of the traded asset in the order book.
To close your position, tap [Market Close], and the system will close it using a market order. Please note that you can close an open position without switching to Multi-Assets Mode.
To share your position details, including the symbol, leverage, direction, unrealized PNL, entry price, and Last Price, tap the share icon.
How to check my USDⓈ-M Wallet balance?
To view your USDⓈ-M Wallet balance, go to the [Balance] tab. Here you can view the total USDⓈ-M Wallet balance and the balance and margin contribution for each asset.
To transfer assets to your USDⓈ-M Wallet, tap [Transfer].
