Dear 100X Users,
To help users better understand the usage rules, feature parameters, and fee standards of Shield and Talisman, 100X hereby announces the following rules for Contract Dual Protection:
1. Feature Overview
Shield is a risk-freezing tool designed for contract positions in floating loss.
When a position enters a loss state and meets the activation conditions, users may activate Shield to temporarily freeze the current risk status of the position, creating more room for further position management.
Talisman is a profit protection tool designed for profitable contract positions.
When a position enters a profitable state and meets the activation conditions, users may activate Talisman to lock in existing gains while preserving the opportunity for further profit growth. If profits later retrace to the trigger condition, the system will execute a protective close according to the rules.
2. Supported Position Types
Shield and Talisman currently support isolated margin positions only.
Cross margin positions, copy-trading positions, followed positions, and other position types not yet supported by the platform are currently not eligible for Shield or Talisman. The actual availability shall be subject to the display on the 100X App.
3. Activation Conditions
1. Shield Activation Conditions
A user’s position must meet the following conditions before Shield can be activated:
Current position ROE ≤ -5%;
The contract position has no related conditional orders, open orders, reverse orders, or reverse positions;
The current position is an isolated margin position supported by the platform;
The feature is currently available.
Note:
-5% is only the eligibility threshold for activating Shield and does not represent the liquidation trigger.
Actual liquidation is still determined according to the platform’s perpetual contract maintenance margin rules.
If the contract position has related open orders, the system will reject Shield activation. Users must manually cancel the related orders before activating Shield again. The system will not automatically cancel user orders.
2. Talisman Activation Conditions
A user’s position must meet the following conditions before Talisman can be activated:
Current position ROE ≥ 5%;
Current lockable profit amount ≥ 2 USDT;
The contract position has no related conditional orders, open orders, reverse orders, or reverse positions;
The current position is an isolated margin position supported by the platform;
The feature is currently available.
If the contract position has related open orders, the system will reject Talisman activation. Users must manually cancel the related orders before activating Talisman again. The system will not automatically cancel user orders.
4. Basic Usage Rules
1. Shield Usage Rules
After Shield is activated:
The position risk status will be frozen;
During the lock period, the position will not generate new floating PnL in real time based on market movements;
The actual position remains unchanged. After unlocking, PnL will be recalculated based on the mark price at that time;
Adding to the position is not allowed;
Adjusting isolated margin is not allowed;
Partial closing is not supported;
Users may still perform market close or one-click full close;
Funding rates will be displayed normally during the lock period, but will not be deducted in real time;
Funding fees generated during the lock period will accumulate periodically and be deducted from the position margin in one lump sum upon unlocking or closing;
If accumulated funding fees cause the margin to be insufficient to maintain the position, the system will process the position according to the platform’s liquidation rules;
The maximum duration of Shield is 30 days;
If the user takes no action when the 30-day period expires, the system will execute a market close settlement based on the mark price at the expiry time.
Risk Reminder:
During the Shield lock period, funding fees will continue to accumulate. If the position remains locked for a long period, accumulated funding fees will be deducted in one lump sum upon expiry, unlocking, or closing, which may cause insufficient position margin and trigger liquidation. Users should fully evaluate position risks before and during the lock period.
2. Shield Unlocking Rules
Users may manually unlock the position within the valid Shield period.
When Shield is unlocked, the system will release the frozen status of the position, and the unrealized PnL will be recalculated based on the mark price at the time of unlocking.
The previously frozen floating loss will be restored to the position and continue to be settled according to the platform’s actual position rules.
The post-unlock position data, margin status, and risk status shall be subject to the page display and the system’s actual execution results.
3. Talisman Usage Rules
After Talisman is activated:
The system will lock in the current existing profit;
The position may still follow market movements, preserving the opportunity for further profit growth;
The protection duration is fixed at 24 hours;
Adding to the position is not allowed;
Adjusting isolated margin is not allowed;
Partial closing is not supported;
Users may still perform market close or one-click full close;
Funding fees will be generated normally during the protection period;
When the position’s unrealized PnL retraces to ≤ the locked profit amount, the system will trigger a protective close;
If Talisman reaches the 24-hour protection duration, the system will automatically close and settle the position.
When Talisman triggers a protective close, the system uses the mark price at the trigger time as the trigger basis, and then executes a market close. The protection settlement is based on the locked profit amount, after deducting the shield fee, usage fee, funding fees, and trading fees. The final execution result, billing details, and actual credited amount shall be subject to the system’s actual execution results and page display.
5. Talisman Additional Protection Rules
After Talisman is activated, if the position continues to move in a favorable direction, users may update Talisman for additional protection.
The condition for additional protection is:
Latest profit amount - Previously locked profit amount ≥ 2 USDT
If the condition is not met, the system will display:
“Each Talisman update requires the increased floating profit to be greater than 2 USDT.”
Talisman can be updated multiple times for the same position, and the number of updates will be accumulated into the billing count of that position.
6. Talisman Billing Count Rules
The Talisman shield fee rate is related to the cumulative billing count n of the position.
Billing count rules are as follows:
When Talisman is activated for the first time, n = 0;
The first activation is billed at n = 0. There is no free activation;
Each additional protection update for the same position increases n by 1;
If the user manually disables Talisman and activates it again for the same position, n continues to accumulate and will not reset;
After the position is fully closed, whether manually or automatically by the system, n resets to zero;
If the user opens a new position, the billing count will be recalculated based on the new position.
7. Fee Schedule
1. Shield Fees
Shield currently does not charge a separate feature fee.
However, funding fees generated during the Shield lock period will accumulate normally and be deducted in one lump sum from the position margin when the user unlocks or closes the position. If accumulated funding fees cause the margin to be insufficient to maintain the position, the system will process the position according to the platform’s liquidation rules.
2. Talisman Fees
Talisman fees consist of two parts:
Shield Fee
Usage Fee / Duration Fee
Shield Fee
The shield fee is calculated based on the locked profit amount and the current shield fee rate.
Calculation:
Shield Fee = Locked Profit Amount × Current Shield Fee Rate
The shield fee rate is calculated based on the cumulative billing count n of the position:
When n < 15:
Shield Fee Rate = 5% + 15% × (1 - 0.8ⁿ)
When n ≥ 15:
Shield Fee Rate is fixed at 20%
Where:
n = cumulative billing count of the position
At first activation, n = 0
The first activation charges a 5% base shield fee
There is no free activation
Usage Fee / Duration Fee
A usage fee will be charged during the Talisman protection period.
The current daily rate is:
2% / day
The usage fee is calculated on an hourly basis:
Usage Fee = Position Margin × 2% ÷ 24 × Actual Occupied Hours
The actual occupied duration is rounded up to the nearest hour, with a minimum charge of 1 hour.
Examples:
If the actual occupied duration is 1.2 hours, it will be charged as 2 hours.
If the actual occupied duration is less than 1 hour, it will be charged as 1 hour.
When Talisman reaches 24 hours and automatically closes the position, the usage fee will be charged for the full 24 hours.
Early Close Fee Rules for Talisman
If a user manually performs market close or one-click full close during the Talisman protection period:
The shield fee will be charged in full based on the locked profit amount and will not be discounted by time;
The usage fee will be charged based on actual occupied duration rounded up to the nearest hour, with a minimum of 1 hour;
After closing, the system will perform final settlement based on the actual position PnL, shield fee, usage fee, funding fees, and trading fees.
8. Mutual Exclusivity Rules
The same position can only be in one of the following states at any given time:
Normal position;
Shield locked;
Talisman protected.
Shield and Talisman cannot be activated at the same time.
If a position is under Shield, Talisman cannot be activated.
If a position is under Talisman, Shield cannot be activated.
9. Risk Control Notice
To ensure platform system stability and user trading experience, 100X may dynamically manage Shield and Talisman based on market conditions, system status, and risk control strategies.
The features may become temporarily unavailable under the following circumstances:
Abnormal market volatility;
System risk control strategy triggered;
Temporary platform maintenance or feature adjustment.
If the feature is temporarily unavailable, the system will display:
“This feature is temporarily unavailable. Please try again later.”
Positions that have already successfully activated the feature will not be affected by new activation restrictions and will continue to be processed according to the original rules.
10. Special Notes
Shield and Talisman are position management tools only and do not represent any market direction judgment by the platform;
Users should use contract products reasonably according to their own risk tolerance;
Relevant feature parameters, fee rates, activation conditions, and risk control rules may be dynamically adjusted by the platform based on market conditions;
The final rules shall be subject to the 100X App page display and the platform’s actual execution results.
Thank you for your support and trust in 100X.
100X will continue to optimize the contract trading experience and provide users with more flexible, stable, and controllable trading tools.
100X Team
May 13, 2026