SunX Beginner’s Guide

Introduction to SunX Exchange

SunX is a globally leading secure digital asset derivatives trading platform, holding licenses for compliant operation of cryptocurrency trading platforms and financial derivatives businesses. It is developed and operated by an international professional blockchain team with extensive experience in trading systems, risk management, settlement, and security. SunX adheres to a philosophy of compliance, professionalism, and friendliness, prioritizing users and service, aiming to provide safe, stable, and convenient digital asset trading services to users worldwide.

Since its establishment, SunX has:

Continuously iterated products, now offering perpetual contracts, quick contracts, bonus modes, and other trading products.

Continuously innovated operations, forming strategic collaborations with multiple leading communities in the industry to promote consensus and co-build the ecosystem.

Steadily advanced its brand, forming strategic partnerships with numerous high-quality global media outlets to support market branding.

Experienced exponential user growth, covering over 20 countries across North America, Europe, and Asia-Pacific, with over 1.2 million registered users.

Contract Types

Perpetual Contracts

Perpetual contracts are the most popular contract trading function in the market. SunX’s perpetual contracts feature strong volatility resistance and better market depth, making order placement convenient and low-cost. Multiple personalized order options are available, including 1-150x adjustable leverage and flexible margin units.

Quick Contracts

Quick contracts are a new type of blockchain derivatives product offered by SunX, combining advantages of various traditional financial derivatives. They offer fast open/close, stable positions, and resistance to market interference. The open/close process is almost identical to perpetual contracts. Key features include 100% market order execution, no slippage, stable position opening even in extreme market conditions, and clear, controllable losses. They are ideal for large position traders.

Grid Contracts

Grid contract strategy is an automated strategy that trades contracts by buying low and selling high within a specific price range. Users simply set the highest and lowest price of the range and the number of grids to start the strategy. The system calculates buy/sell prices for each small grid and automatically places orders, continuously profiting from market fluctuations. Grid contracts currently support USDT contracts for all coins.

Bonus Contracts

Bonus mode is SunX’s bonus trading system. Profits from trading can be transferred in real-time to the contract wallet.

Users can earn bonuses by completing tasks in the task center, participating in platform activities, or receiving irregular bonus airdrops for new and existing users. This feature is useful for experiencing contracts, improving skills, and increasing income for all users.

Contract Opening Modes

Cross Margin Mode

In cross margin mode, all positions’ margin and unrealized P&L are interconnected, including the opening margin. This mode provides strong risk control, but in highly volatile markets, losses may exceed expectations.

Note: Users holding orders in cross margin mode cannot switch to isolated margin mode. If stop-loss is not set, a risk ratio ≤ 10% will trigger forced liquidation.

Isolated Margin Mode

In isolated margin mode, each order is independent, and profit and loss are calculated separately based on the opening price. A single order will be forcibly closed if the loss reaches the maximum stop-loss point, and automatically closed when profit reaches the maximum take-profit point.

Note: Users holding orders in isolated margin mode cannot switch opening modes.

Three Types of Orders

Market Order

Executed in real-time at the best market depth. After placing the order, the position enters immediately.

Limit Order

The user sets a limit price. Once the market price reaches or exceeds the limit, the order executes immediately.

Planned Order

Requires two prices: trigger price and execution price. Trigger price: the order is only placed when the market price reaches this price. Execution price: can be market or limit price, following the same logic as market and limit orders.