JOJO.Exchange
  • JOJO EXCHANGE
    • 🔍Overview
    • 🚀Roadmap
    • 📣Announcement
      • 🛠️JOJO Exchange Upgrade to v2
      • 🤖Unlock Exclusive Rewards and AI-Powered Trading – The Future of DeFAI Awaits!
      • 🤝Transforming DeFi With Chainlink and Lido
      • 🪂JOJO's Airdrop Season 2!
      • 🎰Introducing Our New Mini-Game: Slot Machine!
      • 🪂Airdrop Season 1 claiming portal is ON!
      • 🤖JOJO is Integrating Chainlink Data Streams to Power Its Silicon-Based AI Exchange
      • 💡Upgrades to Chainlink Data Streams
      • 🪂JOJO's Airdrop Season 1!
      • 🍭You can now claim the reward for the 7-Day check-in Challenge!
      • ❗Notification of Environment Removal
      • 🪂JOJO's Airdrop Season 0!
      • 🪙New listing: WIF/USDC, ENA/USDC, CKB/USDC, BOME/USDC, W/USDC, ETHFI/USDC, ONDO/USDC, and DOGE/USDC
      • 🔖Fee Discount Notice
  • v2 product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 🕹️How to trade 1000X ?
    • 🤷FAQs
      • ❔How much leverage will be available on JOJO?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
  • 💵Fees
  • ⚖️Funding Rate
  • 💸Liquidation
  • 🔑API Keys
  • v1 Product guides
    • 🧐Tutorials
      • How to Connect Wallet & login?
      • 💰Deposit ,Transfer & Withdraw
      • 📈How to trade Perpetual?
      • 📈How to Close a Position?
      • 📈What is a Limit Order, and how to place it?
      • 📈How to Place a TP/SL Order ?
      • 👤How to use Sub Account?
      • 📈One-click Trade
      • 🕹️How to trade 1000X ?
      • 💰How to get JOJO airdrops?
      • 💰How to stake JOJO and get veJOJO?
    • 🤷FAQs
      • ❔Will there be more trading pairs in the future?
      • ❔What collateral does JOJO accept?
      • ❔How much leverage will be available on JOJO?
      • ❔What is One-click Trade and How does It Work?
      • ❔Is there a deposit fee or withdraw fee on JOJO?
      • ❔Why Trading on JOJO is Safe?
      • ❔Why do I keep receiving risk warning emails from JOJO?
      • ❔What Happens When a Market Is Delisted
      • 📖How to Set Email Notifications
      • 📖What is PnL and How to Calculate It?
      • How to bridge assets to Base
      • 📖How to Swap USDC ?
    • 🤖Ai Revolution
    • 📖Glossory
    • ✨Trading Pairs
    • 💵Fees
    • 🤑Prices
    • ⚖️Funding Rate
    • 💸Liquidation
    • 🤖Grid Bot
    • 🤩1000X Trading
    • 📪Sub Account
    • 🧑Referral Program
    • 🔰Multi-collateral system
      • Leverage your earning with mUSDC!
    • 🧲Flexible Earn
    • 🔐JOJO airdrops and staking
  • Smart Contract
    • 🎯Contract Addresses
    • 🕵️Bug Bounty & Audit
  • JOJO TOKEN
    • 📊Allocation
    • 🔒Token Economy
  • Arbitrum Alpha Test
    • 🤝Sunset Plan
    • 🎯Contract Addresses
    • ⚗️STIP
    • 🎙️Announcement
      • 🪙JOJO has listed WLD/USDC, AGIX/USDC, AR/USDC, STRK/USDC and 13 new trading pairs!
      • 🧰Notice of Legacy Network Decommissioning
      • 🧰Smart Contract Upgrade Announcement
      • 🔧Maintenance Notice
      • 🔮BIG UPDATE of JOJO's Bizarre Adventure: all points earned x 100!
      • 🪙JOJO has listed MEME/USDC!
      • 🔮JOJO's Bizarre Adventure Event is now alive!
      • 💰New collaterals: ARB!
      • 💰New collaterals: wstETH and GMX!
      • 🪙JOJO has been listed ARB/USDC, SOL/USDC, and LINK/USDC!
      • 🔖Notification of Environment Removal
  • LEGAL
    • Risk Reminder
    • Terms of Use
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On this page
  • What is 1000X?
  • Hyper Matching Engine
  • What is unique about JOJO's 1000X leverage?
  • Where do the index prices come from?
  • Lucky Draw
  • Fees:
  1. v1 Product guides

1000X Trading

What is 1000X?

A perpetual contract with a 1000X leverage is a type of financial derivative that allows investors to invest with a leverage ratio of 1000 times. This implies that investors only need to provide 0.1% of the investment amount as a margin to make a trade equivalent to one thousand times the investment amount.

For example:

If you choose 1000X leverage on JOJO for a trade with an exposure of 10,000 USDC, you only need to invest 10 USDC in margin to open a position.

Hyper Matching Engine

Offering 1000x leverage is exceptionally challenging, as the risks associated with such trades are very high. We need:

  1. Superb liquidity

  2. Extremely low trading fees

  3. Ultra-fast settlement speed

JOJO has developed a hyper-matching engine that can achieve zero slippage execution, trading fees as low as 0.02%, and 10ms level settlement. The hyper-matching engine operates independently from regular perpetual futures trading, and all risk parameters are also separate.

The trading pairs available for 1000X leverage are BTC/USDC, ETH/USDC.

What is unique about JOJO's 1000X leverage?

  1. 1000X operates a separate account. Users can deposit directly into their 1000X account or transfer funds from their perpetual futures account.

  2. The calculations for position profit and loss, opening and closing positions, and liquidation prices for 1000X are all based on the index price, not the oracle price or mark price.

  3. The opening fee for 1000X is only 0.02%. If your position is not profitable, you do not need to pay a closing fee. In regular perpetual contract orders, the taker fee is 0.03%.

  4. 1000x uses isolated margin mode, where the margin for each position is independent and liquidated separately. Each position has its margin and will not be shared.

  5. The maintenance margin ratio is 0.03%. If the position's margin equals maintenance margin ratio * position Size * index price, your position will be liquidated.

Where do the index prices come from?

The Index Price, sourced from Binance, aggregates prices from major spot market exchanges. It is used to calculate entry and exit prices and profit and position margins.

Lucky Draw

JOJO has introduced a lucky draw game.

Participating in 1000X bet trading grants users lottery entries. Each user gets one lottery entry per 10U liquidation in 1000X leverage trading.

The JOJO luckydraw starts every Monday at 08:00 GMT and ends the following Monday at 00:00 GMT, lasting a total of 6 days and 16 hours. The current luckydraw is only open to users who were liquidated from last Monday at 00:00 GMT to this Monday at 00:00 GMT.

The time from Monday 00:00 GMT to 08:00 GMT is for JOJO backend statistics, and the number of liquidations during this time will be included in the next lottery.

If you are liquidated this week, you can participate in next week's lottery event. For example, if you were liquidated by 350 USDC from April 29, 00:00 GMT, to May 6, 00:00 GMT, you will have 35 chances in the lottery event from May 6, 08:00 GMT, to May 13, 00:00 GMT.

There are four tiers of prizes: 100U, 50U, 10U, 1U. Every draw wins a prize!

Fees:

  • Opening Fee: 0.02%

  • Closing Fee: according to the profit

ROE
Closing Fee Rate

ROE <= 0%

0

0 < ROE <= 20%

10%

20% < ROE <= 50%

20%

50% < ROE <= 75%

30%

75% < ROE <= 100%

40%

100% < ROE <= 150%

50%

150% < ROE <= 200%

60%

200% < ROE <= 250%

70%

R > 250%

80%

eg. if your position margin equals 10 USDC, when you close the position at 160% ROE, the closing fee would be calculated like this:

The fee is calculated based on different profit brackets:

  • For 0 < ROE <= 20%: Profit range: 10 * 0.2 = 2 USDC Fee: 2 * 10% = 0.2 USDC

  • For 20% < ROE <= 50%: Profit range: 10 * (0.5 - 0.2) = 3 USDC Fee: 3 * 20% = 0.6 USDC

  • For 50% < ROE <= 75%: Profit range: 10 * (0.75 - 0.5) = 2.5 USDC Fee: 2.5 * 30% = 0.75 USDC

  • For 75% < ROE <= 100%: Profit range: 10 * (1.0 - 0.75) = 2.5 USDC Fee: 2.5 * 40% = 1.0 USDC

  • For 100% < ROE <= 150%: Profit range: 10 * (1.5 - 1.0) = 5 USDC Fee: 5 * 50% = 2.5 USDC

  • For 150% < ROE <= 200%: Profit range: 10 * (1.6 - 1.5) = 1 USDC Fee: 1 * 60% = 0.6 USDC

Final Fee Calculation: Fee = 0.2 + 0.6 + 0.75 + 1.0 + 2.5 + 0.6 = 5.65 USDC

  • Liquidation Fee: 0.03%

  • There are no gas fees for 1000x trading.

  • There are no funding fees for 1000x trading.

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Last updated 2 months ago

Trading portal:

🤩
https://app.jojo.exchange/1000X