How a 10000x Futures position ends
A 10000x Futures position ends in one of five ways: the take-profit cap, liquidation, the max lifetime, the holding fee using up the stake, or your own close.
Four of them happen on their own. You do not need to be online, and there are no orders to place.
The five endings
| Ending | Status | When it happens | What you get back |
|---|---|---|---|
| Take-profit cap | Take profit hit | The index price reaches the take-profit price at any moment | Stake left after the holding fee + the full profit cap − profit fee |
| Liquidation | Liquidated | The index price goes beyond the liquidation price at any moment | Nothing |
| Max lifetime | Expired | The mode's max lifetime has passed since you opened | Settled at the index price at that moment, like a manual close |
| Holding fee | Position closed due to holding fee | The holding fee has consumed the whole stake | Nothing |
| Manual close | Closed (message: Position closed) | You close, at least 1 s after opening | Settled at the next index price |
The exact amounts for each ending are on Payout math.
When several apply at once
10000x Futures checks every index price since your position opened, not only the latest one. If more than one ending applies by the time a position is settled, the first one in this list wins:
- Liquidation. If any index price since the open was beyond your liquidation price, the position is liquidated. This holds even if the price came back, even if it also touched the take-profit price, and even if you had already tapped Close.
- Holding fee or max lifetime. Whichever time limit comes first. A position past its deadline is settled by that rule, at the index price at the deadline.
- Take-profit cap. If any index price reached the take-profit price, you get the full cap.
- Manual close. Only when none of the above applies.
Prices only count while the position is alive. A price after the deadline cannot liquidate a position or trigger its take-profit.
Take-profit cap
Each mode caps your profit at a multiple of your original stake (Max profit in the mode tables). The take-profit price is the price at which leverage × move reaches that cap. When the index reaches it, the position closes and you receive exactly the cap, even if the price shot past it.
- Touching the take-profit price exactly is enough.
- The holding fee is still deducted. You get back the stake left after the holding fee, plus the cap, minus the profit fee on the cap.
Liquidation
The liquidation price is fixed when you open: a set distance from the entry price, below it for a long and above it for a short. The distance depends on the mode and is listed as Liquidation distance in the mode tables.
- The price must go beyond the liquidation price. Touching it exactly does not liquidate.
- One index price beyond it is enough. It does not matter if the next one is back inside.
- You lose the whole stake. There is no partial liquidation and nothing more is taken from your balance.
Before liquidation, your loss grows in a straight line with the price: halfway to the liquidation price you have lost half of the stake that is left after the holding fee. See Payout math.
Max lifetime
Every mode has a max lifetime, listed in the mode tables on the overview. When it runs out, the position settles at the index price at that moment with the same math as a manual close: profit fee if the price moved in your favour, loss fee if it did not.
By then the holding fee has taken a large part of the stake. The Over the full lifetime column on 10000x Futures fees shows how much for each mode. A small favourable move can still end in a net loss: example 3 shows the numbers.
Inside a competition, the max lifetime is cut short at the competition end. See 10000x Futures in competitions.
Holding fee uses up the stake
The holding fee takes a fixed share of the stake every minute. If it would reach 100% of the stake before the max lifetime, the position closes at that moment and pays nothing. The time this takes is
where is the holding fee per minute as a fraction of the stake. With (0.04% per minute), minutes, about 41.7 hours.
A mode can only end this way if is shorter than its max lifetime, that is when the Over the full lifetime column on 10000x Futures fees shows 100%. When every value in that column is below 100%, no position can end this way.
Manual close
You can close a position any time after the minimum hold of 1 s. The close fills at the next index price after your request (see Price index and execution). If the price moved in your favour you pay the profit fee on the gain. If it did not move or moved against you, you pay the loss fee instead.
Edge cases
- Liquidated while closing. If the price crosses your liquidation price while your close is being processed, the position is liquidated instead and ends as Liquidated.
- No price at the deadline. If no index price exists for the moment a position expires (an outage of every exchange feed), it settles at the entry price and no loss fee is charged.
- Mode values change. A position keeps the mode values it opened with, even if the mode's numbers change while it is open.
- New positions paused. Pausing new positions does not stop open ones: they still take profit, liquidate, expire and close as normal.
FAQ
My position reached the take-profit price and came back. Do I still get the cap?
Yes. One index price at or beyond the take-profit price is enough, unless the price had also gone beyond the liquidation price earlier or later in the position's life.
The price touched my liquidation price for a split second. Is that a liquidation?
Only if it went beyond it. One index price beyond the liquidation price liquidates, even if the next one is back inside. A price exactly at the liquidation price does not.
Can my position expire while the app is closed?
Yes. Every ending except the manual close runs on the server. The result is on your balance and in your history the next time you open the app.