【Copy Trader】Frequently Asked Questions

1.What assets can be copied?

Matrixport's private copy trading supports all USDT perpetual contracts within the OKX Exchange.

2. What is the leverage ratio?

There is no additional restriction on the leverage ratio for each copy trader. The maximum copy trader leverage ratio is the maximum available leverage ratio for the specific instrument.

3.What is the maximum copy amount?

Maximum Total Copy Amount: 200,000 USDT

Once the cumulative copy margin reaches the maximum limit you set, the system will automatically stop opening new copy positions for the day.

Each order can be copied with an amount between 10 USDT and 100,000 USDT, with a maximum cumulative amount of 200,000 USDT. Once your cumulative copy margin reaches the maximum of 200,000 USDT, the system will automatically stop opening new copy positions.

4. Logic of Copy Amount Per Trade

Copying will open positions based on the total asset value ratio and adjust positions based on the position ratio.

• Opening positions based on total asset value ratio

Once the total asset value ratio is confirmed, it will not change during copy trading.

Single copy trader's total asset value ratio = Confirmed total amount for copy trading / Lead trader's total assets at the time of creation

Single copy trader's opening quantity = Lead trader's opening position amount * Single copy trader's total asset value ratio

• Adjusting positions based on position ratio

Position adjustment quantity = (Lead trader's position adjustment quantity / Total positions of this lead trader) * Copy trader's position quantity

There is a certain mapping relationship between copy trader orders and lead trader orders. When a lead trader partially closes a position, the system will close the copy trader's corresponding order according to the corresponding closure ratio. For example, if a lead trader closes 50% of a position, the corresponding copy trader order will also be closed by 50%. When the lead trader's order is completely closed, the copy trader's order will also be completely closed in proportion.

• Example

Suppose copy traders A and B join at different times and choose to copy trader C.

Time 1:

Copy trader A's total amount for copy trading: 10,000 USDT

Lead trader C's total assets at this time: 50,000 USDT

Copy trader A's total asset value ratio = 10,000 / 50,000 = 0.2

Time 2:

Copy trader B's total amount for copy trading: 40,000 USDT

Lead trader C's total assets at this time: 80,000 USDT

Copy trader B's total asset value ratio = 40,000 / 80,000 = 0.5

Time 3:

Lead trader opens a BTCUSDT perpetual with an amount of 60,000 USDT.

Copy trader A's position = 60,000 * 0.2 = 12,000 USDT

Copy trader B's position = 60,000 * 0.5 = 30,000 USDT

Time 4:

Lead trader adjust the BTCUSDT perpetual position, increasing it by 10,000 USDT.

Copy trader A's adjust quantity = 10,000 * 12,000 / 60,000 = 2,000 USDT

Copy trader B's adjust quantity = 10,000 * 30,000 / 60,000 = 5,000 USDT

5. Which countries/regions are currently restricted from using copy trading?

Countries such as Mainland China, Hong Kong, the United States, Canada, and others are restricted. The list of restricted countries may be updated dynamically. Please refer to the specific popup in the app for accurate information.

6. Why did my copy trading fail?

It may be due to the following reasons:

• The lead trader voluntarily ended the lead trade unit or lost lead trading privileges.
• The lead trader reached the daily open position limit of lead trading.
• The maximum total copy amount has been reached.
• Copying exceeded the price spread protection during opening.

For detailed reasons, please refer to: What are the reasons for my futures copy trade order fail?

7. How do I manage copy trading transactions?

Copy traders can view copy trading details in "Square" -> "My Copies".

• My Copies: View detailed performance of the units you are currently copying.
• Ongoing Futures: View all open orders of copies that have not been closed.
• History Futures: View detailed information of all closed positions.

8. What fees are incurred in copy trading?

Transaction fees incurred during copy trading are the same as the contract trading fees you select on OKX Exchange at Matrixport. There are no additional transaction fees.

9. Profit-sharing rules in copy trading?

We use a high-watermark method for profit-sharing. When the total profit of the leading trade exceeds the previous highest profit, any extra profit is shared based on a fixed ratio. This can be expressed by the formula:

Profit-Sharing Amount = Max [Cumulative Profit - High Watermark, 0] * Current Profit-Sharing Ratio

• Refer to: Profit-Sharing Rules

10. Where should I keep funds for copy trading?

After completing copy settings, an exclusive copy trading account will be created automatically, and the copy amount you input will be transferred to the copy trading account, separate from your personal trading account.

11. Is there spread protection in copy trading?

Copy traders have a 0.5% spread protection when opening positions. If the copy trader's open price exceeds the lead trader's open price by more than 0.5%, it may lead to copy trading failure.

12. Is it allowed to directly copy contract positions when copy trading?

Directly copying current contract positions is not allowed when copying midway.