FameEX Futures Deduction Credit Rules and Usage Guide

1. What Is FameEX Futures Deduction Credit?

FameEX Futures Deduction Credit is a reward used to offset realized losses from futures trading. Once claimed, eligible realized losses can be offset based on the loss deduction rate specified on the coupon. Futures Deduction Credit is not part of your own assets. It cannot be used as margin or increase the amount available for opening positions. It also cannot be withdrawn or transferred.

2. How to Claim and Use Your Futures Deduction Credit?

1) You will receive Futures Deduction Credit coupons through specific FameEX campaigns. Once a coupon is issued, go to the [Rewards] section and enter [Coupon] to view and claim it.

• Web: On the Web version, go to [Rewards] > [Coupons] and claim the Futures Deduction Credit coupon.

• App: On the App version, tap the icon in the middle and enter [Rewards] > [Coupons] to find the Futures Deduction Credit coupon.

2) After you tap [Claim], the system will automatically check whether you meet the claim requirements. The coupon page will show details such as the credit amount, loss deduction rate, claim deadline, and validity period.

3) Once the Futures Deduction Credit becomes effective, go to the [Futures] trading page. If an eligible futures position is closed with a realized loss, the system will automatically apply the deduction credit.

3. How Does Futures Deduction Credit Offset Losses?

Futures Deduction Credit can only be used to offset eligible realized losses. Once your loss is settled, the system automatically calculates the deductible amount. No manual operation is required.

*Calculation formula:

Deductible Amount = Realized Loss × Loss Deduction Rate

*Example:

Let’s suppose you have claimed 50 USDT in Futures Deduction Credit with the 30% loss deduction rate. You then close a futures position with 100 USDT realized loss. The system calculates the deduction as follows:

Deductible Amount = 100 × 30% = 30 USDT

Your 50 USDT credit balance is enough to cover the full 30 USDT deductible amount. Therefore you will see the following amounts: 

• Futures Deduction Credit used: 30 USDT
• Realized loss covered by your own funds: 70 USDT
• Remaining Futures Deduction Credit: 20 USDT

If the deductible amount is 30 USDT but only 10 USDT of Futures Deduction Credit remains, the system will use the remaining 10 USDT. The other 90 USDT of realized loss will be covered by your own funds. The Futures Deduction Credit balance will then become zero.

4. How to View Claim and Deduction Records?

You can view the actual deduction amount under [Transaction History] on the Futures trading page or in your Futures Account. Also, you can go to [Rewards] > [Coupons] > [Coupon Records] to view records of Futures Deduction Credit received, used, or expired. 

5. Important Rules for Futures Deduction Credit

Before using Futures Deduction Credit, please review the following deduction scope, usage restrictions, and validity rules.

1) Deduction Scope

Futures Deduction Credit can only offset realized losses. It cannot be used for unrealized losses, trading fees, funding fees, or losses caused by liquidation. No credit will be used when a position closes at a profit or when the realized loss is zero. For partial closes or orders filled in multiple parts, deductions are calculated separately based on each settlement result.

2) Usage Restrictions

• Only one Futures Deduction Credit can be active at a time. If you claim a new Futures Deduction Credit while another one is active, the existing credit will expire and any remaining balance can no longer be used.
• Futures Deduction Credit cannot be used at the same time as Futures Trial Fund or Futures Bonus. However, Futures Fee Discount can be used together with Futures Deduction Credit.
• Reverse positions cannot be added while Futures Deduction Credit is active. This includes opening a reverse position on the same trading pair, creating cross-pair reverse arbitrage positions, or increasing an existing reverse position. Normal position closing, position reduction, Close All, and Quick Close are not affected.

3) Validity Rules

• Claim Deadline: The coupon must be claimed before the specified deadline. Unclaimed coupons will expire after the deadline.
• Validity Period: The validity period starts once the coupon is successfully claimed. Any unused balance will expire at the end of the validity period. Whether a trade is eligible for deduction is determined by the settlement trigger time. A settlement triggered before the expiration time is eligible. A settlement triggered at or after the expiration time is not eligible.

4) Liquidation

If a position is liquidated, any remaining Futures Deduction Credit will be recovered by the system. Losses caused by liquidation are not eligible for deduction. If another position was normally closed and a deduction was already completed before the liquidation occurred, that completed deduction will remain valid and will not be reversed.

6. Comparison of Futures Coupon Benefits

FameEX offers several types of futures coupon benefits. Their applicable uses, deductions, and settlement methods differ. Refer to the table below for a quick comparison:

Other Important Notes

1. Futures Deduction Credit only becomes effective after it is successfully claimed. Unclaimed coupons are not calculated in futures settlement.

2. The credit amount, loss deduction rate, claim deadline, and validity period may vary by coupon. Please refer to the information shown on the coupon page.

3. The actual deduction amount and final settlement result are subject to FameEX transaction records and history.

*Feature names and page locations may change following platform updates. Please refer to the latest interface for the most accurate information.