Fixed 60-Second Settlement / 固定 60 秒结算规则
No settlement fee. The result depends only on the direction at expiry.
没有结算费，只比较到期价与开仓价的方向。
Settlement Results / 结算结果
Win / 赢：Return 1.8× principal / 返还 1.8 倍本金
Draw / 平：Return 1× principal / 退还 1 倍本金
Loss / 输：Return 0 / 返还 0
Trading fees / 交易手续费：2.5% on open + 2.5% on close, charged separately / 开仓 2.5% + 平仓 2.5%，另行收取
There is no liquidation during the 60-second period. Intermediate price movement does not affect settlement.
60 秒内不强平，中间价格波动不影响最终结算。
Settlement Fee
No settlement fee when return is within 100%.
Settlement fee applies only when return exceeds 100% — higher returns mean higher rates.
Why Settlement Fees Exist
As explained earlier, when you place 100 USDT × 1000x, the execution layer may deploy 1,000 USDT on the routed aggregated venue (e.g. OKX, Binance, or Coinbase — whichever offers the best fill).
When you profit, the hedged side profits the same amount on the routed venue — the system passes that profit to you.
But the issue is asymmetric risk:
You invest: 100 USDT
System invests: 1,000 USDT
If you lose, your max loss is 100 USDT (your margin).
But the execution layer's position on the routed venue can lose more —
because in extreme markets, slippage, funding rates,
and bankruptcy all create additional losses.
The system's risk is far greater than yours.Example: System Risk Behind High Returns
👤 Your Perspective
Margin: 100 USDT
Leverage: 1000x
Notional Value: 100,000 USDT
BTC rose 0.5%
Profit = 500 USDT
Return = 500%
Feeling: Everything went smoothly ✅🖥️ What the Execution Layer Experienced
Margin: 1,000 USDT
Leverage: 100x
Notional Value: 100,000 USDT
BTC rose 0.5%
Profit = 500 USDT
Return = 50%
But during this time the system also bore:
Funding Rate: ≈ 15 USDT
Open/Close Fees: ≈ 80 USDT
Slippage: ≈ 20 USDT
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Extra Cost: ≈ 115 USDTThe platform can absorb these costs at small returns, but the higher the return, the longer the holding, the more volatile the market — the greater the extra costs.
When prices swing dramatically in a short time (typically corresponding to your ultra-high returns), the exchange internally experiences:
Funding Rate Surge
In extreme markets, funding rate can spike from 0.01% to 0.3% — a single settlement becomes a massive expense.
Slippage Explosion
Market depth gets consumed. Large orders fill at significantly worse prices — the system absorbs all slippage differences.
Bankruptcy Risk
In extreme markets, the routed venue position may go bankrupt. The excess is entirely covered by the platform's reserve fund.
Fee Multiplication
The larger the notional value, the higher the open/close fees. A 100,000 notional trade costs ≈ 40 USDT per execution.
Summary
The essence of the settlement fee: when you achieve returns above 100%, you share a portion of the extra costs the system incurred during execution on the exchange.
For returns within 100%, the platform can cover these costs with the trading fee revenue.
Returns above 100% indicate dramatic market volatility, meaning the system's execution costs have surged — the settlement fee maintains the platform's ability to keep operating.
The higher the return, the greater the pressure on the system, and the settlement fee increases accordingly. This ensures the platform can continue serving all users.