I. What Is Perpetual Futures Copy Trading 2.0?
II. What's the Difference between Copy Trading 1.0 and 2.0?
III. How to Copy Trades?
IV. What Are the Rules for Copy Trading？
V. FAQs

I. What Is Perpetual Futures Copy Trading 2.0?

View to learn more: Copiers | Perpetual Futures Copy Trading 2.0 Is Here: Enjoy an Enhanced Experience, with Subaccounts Supported!
 

Ⅱ. What's the Difference between Copy Trading 1.0 and 2.0?

Highlights Copy Trading 1.0 Copy Trading 2.0
🔥 Dedicated subaccount for copy trading
Copy by Position Ratio: Used a virtual copy trading account to isolate funds; only supported Cross Margin Mode.
Copy by Per Order: Used Perpetual Futures Account (shared funds with autonomous trading); could not copy trader's margin mode and leverage.
 Uses a dedicated subaccount for copy trading! Funds go to a dedicated subaccount, keeping them separate from your main account to isolate risk. Fully replicates trader’s margin mode and leverage.
🔥 Improved data transparency Did not allow users to view the estimated liquidation price or risk for copied positions. Additionally, users could not track transactions or profit-sharing data from copy trading. The asset overview was unclear, making it difficult to accurately calculate copy trading PnL. Your subaccount now directly connects to perpetual futures, with fully upgraded data metrics - giving you crystal-clear visibility into all copy trading activies.
🔥 Simplified logic Copy by per order trades used the separate position mode. When partially closing, the system used First-In-First-Out (FIFO) – meaning your oldest positions close first. This made tracking your copy trading PnL complicated. Separate position mode for copy-by-per-order trades is no longer used. Each position will now be closed proportionally and matched directly with its corresponding open order.
Optimized fund adjustment For Copy-by-position-ratio orders, auto position alignment triggered by adding/reducing funds may lead to unintended trades. Trades are now only triggered when trading signals are present.
Better profit share settlement Per-order calculation Position-based settlement: Profits are shared only after full closure when the position is net profitable. This ensures copiers' interests.
Exclusive copy trading position limit
Copy by Position Ratio: Had copier trading group position limits. High-demand traders might reach the limit easily.
Copy by Per Order: Position limits were shared with autonomous trades.
 Exclusive position limits for subaccounts! Copy the trader seamlessly alongside thousands of others.
Smarter subsidy payout Had many restrictions, with automatic settlement triggered in various scenarios. When copy trading ends or vouchers expire, negative net PnL will be automatically subsidized.
Transparent copy trading rules Difficult to understand Fully transparent copy trading rules! Copy trading made simple, even for beginners.

 

III. How to Copy Trades?

Copy Trading

Step 1: Navigate to "Copy Trading" on the home page.

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Step 2: Find your preferred perpetual futures trader, then tap "Copy" on their profile card.
 
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Step 3: Set your copy trading parameters and tap "Copy Now" to create copy trading relationship.

- For Position Ratio, enter "Copy Trading Funds".

- For Per Order, enter "Margin" and "Copy Trading Funds".

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Step 4: View "Copy Trading Details".

Note:
1. You can use funds from your Fund Account and your USDⓢ-M Perpetual Futures Account.
2. In Advanced Settings, you can configure TP/SL. Leverage and margin mode will match the trader's by default.
3. Copy with 0 slippage is disabled by default. Consider enabling it when you invest in large copy trading funds. 
 
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Step 1: Tap "My Trades" and find the trader's profile card.

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Step 2: Tap on "Edit Order", then Confirm after editing the parameters.

Note:

You can edit your Copy Trading Funds, Margin (Per Order), enable or disable "0 Slippage", or configure TP/SL.

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How to Cancel Copy Trading

Step 1: Tap "My Trades" and the trader's profile card.

Step 2: Tap on "Stop Copying", then Confirm.

Note:

Your copied positions will be closed at the market price, and the copy trading funds will be returned to your Perp Futures Account automatically. You can view the transactions in your Perp Futures Account.

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IV. What Are the Rules for Copy Trading？

Position Ratio

Copy by Position Ratio mode replicates the trader's order by proportion, maximizing alignment with the trader's PnL.


When copying an "Open" order in this mode, the proportion of funds allocated to the copy order will be the same as the trader's.
Opening Ratio = Trader’s Opening Margin / Trader's Available Margin


When copying a "Close" order in this mode, the proportion of the closing amount will be the same as the trader's.
Closing Ratio = (Trader's Closing Position Size) / (Trader's Pre-Closing Position Size)

 

1. Opening Position

  Copy Order Type Order Size
Copy with Slippage IOC Limit Order

Formulas:
- Opening Ratio = Trader’s Opening Margin / Trader's Available Margin
- Copier's Opening Margin = Copier's Available Margin * Opening Ratio
- Copier's Opening Amount = Copier's Opening Margin / [Open Price * (1/Leverage + Taker Fee Rate)]
- Copier's Order Size = max (Copier's Opening Amount, Minimum Opening Amount)

Note:
- If the opening amount is below the minimum, the order size will be adjusted to the minimum opening amount.
- If the copier's opening position value exceeds the maximum allowed, it will be capped at the maximum.
Copy with 0 Slippage 0 Slippage Order
 
Example: If your trader has 2,000 USDT available margin and uses 1,000 USDT to open a position, the opening ratio is 50%. If your available margin is 1,000 USDT, the system will allocate 500 USDT as your margin to copy the trade proportionally.
 

2. Closing Position

  Copy Order Type Order Size
Copy with Slippage Market Order

Formulas:
- Closing Ratio = Trader’s Closing Amount / Trader's Position Size
- Copier's Closing Amount = Copier's Position Size * Closing Ratio
- Copier's Order Size = max (Copier's Closing Amount, Minimum Closing Amount)

Note:
If the closing amount is below the minimum, the order size will be adjusted to the minimum closing amount.
Copy with 0 Slippage 0 Slippage Order
 
Example: If your trader holds 2 BTC and closes 0.4 BTC, the closing ratio is 20%. If you hold 1 BTC, the system will close 20% of your position, equivalent to 0.2 BTC.
 

Per Order

Copy by Per Order mode replicates the trader's order based on the per-order margin you set, enabling precise control of the copy position size.
 

1. Opening Position

  Copy Order Type Order Size
Copy with Slippage IOC Limit Order

Formula:
- Copier's Order Size = (Copier's Margin per Order) / [Order Price × (1/Leverage + Taker Fee Rate)]

Note:
- If the margin per order is below the minimum, the order will be canceled.
- If the copier's opening position value exceeds the maximum allowed, it will be capped at the maximum.
Copy with 0 Slippage 0 Slippage Order
 
Example: Suppose you set your margin per order of 30 USDT and have 90 USDT Copy Trading Funds. When your trader opens a position, the system will use 30 USDT as margin for each copy trade, allowing up to 3 concurrent trades (30 × 3 = 90 USDT).
 

2. Closing Position

  Copy Order Type Order Size
Copy with Slippage Market Order

Formulas:
- Closing Ratio = Trader’s Closing Amount / Trader's Position Size
- Copier's Closing Amount = Copier's Position Size * Closing Ratio
- Copier's Order Size = max (Copier's Closing Amount, Minimum Closing Amount)

Note:
If the closing amount is below the minimum, the order size will be adjusted to the minimum closing amount.
Copy with 0 Slippage 0 Slippage Order
 
Example: If a trader holds 2 BTC and closes 0.4 BTC, the closing ratio is 20%. If you hold 1 BTC, the system will close 20% of your position, equivalent to 0.2 BTC.
 

V. FAQs

1. What’s the difference between "Copy by Position Ratio" and "Copy by Per-Order"? How do I choose?

Copy by Position Ratio mode replicates the trader's order by proportion, maximizing alignment with the trader's PnL.
Copy by Per Order mode replicates the trader's order based on the per-order margin set by the copier, enabling precise control of the copy position size.

2. Does copy trading support Futures Trial Funds?

Yes. When creating a copy order and transferring funds from your Perpetual Futures Account, Trial Funds will be used first. Offset rules of Trial Funds align with your Perpetual Futures Account.

3. What are the conditions for the Subsidy Voucher payout?

When settling your Subsidy Voucher, if your copied order is at a loss, the voucher covers losses up to its face value.

4. Why did my copy order not go through?

- The trader uses Multi-Assets Mode.

- The trader uses One-way Mode.

- The trader's trading pair is not supported for copy trading.

- The trader's limit or TP limit order is not fully filled.

- You have insufficient margin.

- Your margin mode and leverage do not match the trader's.

- Your position value already exceeds the maximum allowed.

- The filled price exceeds the maximum slippage you set.

- The filled price exceeds the upper limit of 0 slippage.

- System maintenance, network instability, or abnormal market volatility.

5. Will the copier's copy trading ROI always match the trader’s?

Not necessarily. ROI may differ due to filled prices, profit share, copy order entry timing, or unsupported copy trading pairs.

6. Will the copier’s position risk ratio always match the trader’s?

Not necessarily. Since both traders and copiers can adjust their funds, and the PnL for copied trades is never 100% identical to the trader's, risk may differ. For example, a trader might avoid liquidation while their copiers get liquidated.

7. What is the position limit for copy trading?

The maximum position limit for copy trading sub-accounts mirrors your main account.

8. Is copy trading PnL included in the PnL analysis?

Copy trading account does not support PnL analysis for now.

9. What is the fee rate for copy trading subaccounts?

By default, copy trading sub-accounts use VIP 0 trading fee rates.

10. Is there a limit to the number of copiers a trader can have?

The new version allows up to 2,000 copiers maximum.