Enhanced Bonus FAQ:
What is the Enhanced Bonus?
How can I get the Enhanced Bonus?
- Enhanced Bonus can be obtained by participating in platform-hosted campaigns and other activities such as trading competitions, airdrop events, etc. All enhanced bonus need to be claimed manually on your "My rewards" page.
- When claiming an Enhanced Bonus, your account must maintain a minimum proportion of principal to claim successfully. For specific requirements, please refer to the prompts on the claim page.
Can I use the Enhanced Bonus with other bonuses?
How do I use the Enhanced Bonus?
What happens if my trade is profitable?
When will the Enhanced Bonus be taken back?
- You transfer any real capital out of your perpetual account.
- Your real capital in the account is fully depleted.
- The bonus reaches its expiration date.
How does the validity period work?
- Claim Period: You have a limited time to claim the bonus after it's issued. If unclaimed, it expires.
- Usage Period: The bonus timer starts either from the moment of issuance or from the moment you claim it, depending on the campaign settings. Once the usage period ends, the bonus expires.
- If you hold multiple Enhanced Bonuses, the usage expiration time will be uniformly based on the latest expiration date.
Usage Instructions for OrangeX Enhanced Bonus
Trading with Enhanced Bonus
- Trading losses
- Funding fees
- Trading fees
- It is non-withdrawable and non-transferable.
Enhanced Bonus Application
- The Enhanced Bonus will be allocated to your "My Rewards" section upon qualifying. You need to manually claim it before use.
- When claiming an Enhanced Bonus, your account must maintain a minimum proportion of principal to claim successfully. For specific requirements, please refer to the prompts on the claim page.
Usage and Liquidation Rules
- The Enhanced Bonus balance is displayed in the perpetual account and can be used as position margin.
- All profits generated from positions are considered real, withdrawable capital.
Margin Mode & Liquidation
- The enhanced bonus can be used in both Cross Margin mode and Isolated Margin mode. When positions opened with the Enhanced Bonus operate in Isolated Margin mode, the liquidation of one position will not affect other positions.
- Enhanced Bonus Liquidation Process: This is a global risk management process. The system continuously monitors the user's total account equity (principal).If your equity(principal) no longer sufficiently covers the maintenance margin required for all your open positions, all of your Enhanced Bonus positions will start the liquidated process.
- Total Equity = Account Principal +∑(Position Unrealized P&L) − ∑(Position Maintenance Margin)
Liquidation Scenario Example
Scenario 1: Position Liquidation Triggered by Liquidation Price
In Isolated Margin mode, the risk for each position is independent. Even if your overall account is profitable, a specific losing position will be liquidated individually if it hits its liquidation price.
Example:
Assume user Alex holds 3 positions, each with a margin of 100 USDT:
Position A (Isolated): Long BTC
Position B (Isolated): Long ETH
Position C (Cross): Long SOL
Current market conditions:
Position A (Isolated): Severe loss, Unrealized PnL (UPnL) is -96 USDT, and the mark price has reached the liquidation price.
Position B (Isolated): Significant profit, Unrealized PnL (UPnL) is +300 USDT.
What happens?
Position A is liquidated because it hit its own liquidation price.
Positions B and C remain safe. Despite the liquidation of Position A, Alex's total account equity remains high (due to the 300 USDT profit from Position B). The system will not affect Positions B and C because of A's liquidation.
Conclusion: In this case, even though the Total Equity is well above 0, the Liquidation Price remains effective and is triggered.
Scenario 2: Position Liquidation Triggered when Total Equity ≤ 0
This is a higher-level risk control mechanism specific to the enhanced bonus scenario.
Calculation Formula
The system monitors the following metrics in real-time:
Total Equity = Account Principal + ∑(Unrealized PnL of All Positions) - ∑(Maintenance Margin of All Positions)
Example:
Assume user Alex has an account principal of 300 USDT. He opens two high-leverage isolated margin positions.
Position Details:
Position A (Long BTC): A larger position requiring 130 USDT in Maintenance Margin (MM).
Position B (Short ETH): A medium-sized position requiring 50 USDT in Maintenance Margin (MM).
Current Market Conditions:
Position A (BTC): Is experiencing a floating loss with an Unrealized PnL (UPnL) of -150 USDT. (Note: This loss has not yet reached the position's specific liquidation price).
Position B (ETH): Is slightly profitable with an Unrealized PnL (UPnL) of +30 USDT.
The Calculation:
While Alex observes that the losing Position A hasn't hit its liquidation price and Position B is profitable, leading him to believe the account is safe, the Enhanced Bonus risk control formula tells a different story:
Account Principal: 300 USDT
Total Unrealized PnL (UPnL): -120 USDT
Total Maintenance Margin (MM): 180 USDT
Total Equity = 300 (Principal) + (-120) (Total UPnL) - 180 (Total MM) = 0
What Happens?
Even though Position A hasn't reached its liquidation price and Position B is profitable, the account principal can no longer cover the total maintenance margin required for all open positions, triggering the Enhanced Bonus liquidation:
Total Equity hits 0: The system determines the account is in a critical risk state.
Immediate Liquidation: Both Position A and Position B are liquidated immediately under the Enhanced Bonus liquidation rules.
Bonus Revocation: The Enhanced Bonus funds in the account are automatically reclaimed by the system.
Withdrawal Rules
- All Enhanced Bonus will be reclaimed upon the transfer/withdrawal and become unusable.
- If a profit is realized upon closing a position, the full profit amount will be added to the principal, which can be withdrawn.
Fee Calculation Basis
All fees (including trading fees and funding fees) are calculated based on your total position size:- Position Size = (Principal + Bonus) × Leverage
- Fees are then applied to this total position value
Expiration Period
- Balance: If the remaining balance is still in the account, that Enhanced bonus will become invalid and cannot be used.
- Pending Orders: If the Enhanced bonus is being used for pending orders, the system will automatically cancel those orders that are occupying the Enhanced bonus. After the cancellation, the Enhanced bonus will become invalid and cannot be used.
- Positions: If the Enhanced bonus has been used in positions but is not yet closed, it will become invalid after you close those positions.