After Profit Shield is activated, users may update the protection when the position meets the update conditions. Each successful update will refresh the protection details recorded by the system, including locked profit, protection period, fee calculation basis, and related price information.
This article explains how the expiration time and closing price are calculated after Profit Shield is updated.
1. What Does Updating Profit Shield Mean?
Updating Profit Shield means that when a position with Profit Shield already activated gains further profit and meets the update conditions, the user can refresh the protection based on the current position status.
After the update is successful, the system will use the position status at the time of update as the new protection basis.
The system will record the following information again:
Locked profit amount
Current shield fee rate
Shield fee calculation basis
New protection expiration time
Price information related to the updated protection
2. How Is the Expiration Time Calculated After Profit Shield Is Updated?
Each time Profit Shield is successfully updated, the protection period will be recalculated.
Expiration Time = Successful Update Time + 24 Hours
Example:
If a user first activates Profit Shield at 10:00, the original expiration time will be 10:00 on the next day.
If the user successfully updates Profit Shield at 14:00, the new expiration time will become 14:00 on the next day.
This means that after each successful update, the 24-hour protection period will restart from the update time.
3. How Is the Locked Price Recorded After Profit Shield Is Updated?
When Profit Shield is successfully updated, the system will record the price information related to the updated protection based on the latest position status at that time.
In general, the price displayed on the page at the time of update may be used as one of the reference prices for the updated protection and for calculating the new locked profit amount.
Please note that the locked price is mainly used to record the protection status and calculate locked profit. It does not represent the final closing execution price.
The final price and execution result shall be subject to the actual system execution and the information displayed on the 100X App.
4. Will the Shield Fee Be Recalculated After Profit Shield Is Updated?
Yes.
After each successful Profit Shield update, the system will recalculate the shield fee based on the new locked profit amount.
Calculation formula:
Shield Fee = Current Locked Profit Amount × Current Shield Fee Rate
Example:
When Profit Shield is first activated, the locked profit is 1,000U and the shield fee rate is 8%.
The shield fee will be:
1,000U × 8% = 80U
If the position profit later increases to 2,000U and the user successfully updates Profit Shield, the system will use 2,000U as the new locked profit amount to recalculate the shield fee:
2,000U × 8% = 160U
After the update, the new locked profit amount becomes the fee calculation basis for the updated protection.
5. If Profit Increases but the User Does Not Update, Will the Shield Fee Change?
No.
The shield fee is calculated based on the locked profit amount at the time Profit Shield is activated or updated. If the user does not update the protection, the shield fee will not automatically change with market movements, even if the position profit continues to increase.
Example:
The user activates Profit Shield when the locked profit is 1,000U and the shield fee rate is 8%.
The shield fee is 80U.
Later, the position profit increases to 2,000U, but the user does not update Profit Shield.
In this case, the shield fee will still be calculated based on 1,000U and will not automatically change to 2,000U.
Only when the user actively updates Profit Shield and the update is successful will the shield fee be recalculated based on the new locked profit amount.
6. What Is the Closing Price After Profit Shield Is Updated?
The closing price of Profit Shield depends on the actual trigger scenario. There are mainly two cases.
1. Protection-Triggered Closing
If the market pulls back during the Profit Shield protection period and the system protection condition is triggered, the system will close the position according to the rules.
For long positions, this is usually triggered when the price falls back near the average opening price.
For short positions, this is usually triggered when the price rises back near the average opening price.
Once triggered, the system will execute the closing order at market price.
The actual execution price may be affected by market volatility, order book depth, matching results, and other factors.
Therefore, the protection-triggered closing price is not fixed in advance. The final price shall be subject to the actual system execution price.
2. Expiration Auto-Close
Each time Profit Shield is activated or successfully updated, the maximum protection period is 24 hours.
If the user does not manually close the position and protection-triggered closing is not triggered before the protection period expires, the system will automatically close the position according to the rules at expiration.
In this case:
Expiration Closing Price = The actual market execution price when the system closes the position at expiration
This means the expiration auto-close price is not fixed in advance. It will be based on the actual execution result when the system closes the position at expiration.
7. Example
Assume the user holds a BTC long position:
Average opening price: 100,000 USDT
Initial Profit Shield activation price: 105,000 USDT
Initial locked profit: 1,000U
Shield fee rate: 8%
Initial expiration time: Activation time + 24 hours
The shield fee is:
1,000U × 8% = 80U
Later, BTC rises and the position profit increases. The user updates Profit Shield when BTC reaches 108,000 USDT.
After the update:
The new locked profit amount will be recalculated based on the position status at the time of update
The new shield fee will be recalculated based on the new locked profit amount
The new expiration time = Update time + 24 hours
The updated protection status will become the new protection basis
If the price later falls back near the average opening price and triggers the protection condition, the system will close the position according to the rules.
If protection-triggered closing is not triggered before the 24-hour expiration and the user does not manually close the position, the system will automatically close the position at market price upon expiration.
8. Important Notes
After each successful Profit Shield update, the protection period will be recalculated.
After each successful update, the shield fee will be recalculated based on the new locked profit amount.
If profit increases but the user does not update the protection, the shield fee will not change automatically.
The protection-triggered closing price is not fixed in advance and is subject to the actual system execution price.
The expiration auto-close price is subject to the actual execution price when the system closes the position at expiration.
Profit Shield provides a maximum protection period of 24 hours. Once expired, the system will automatically close the position according to the rules.
Function status, fee calculation, price records, and final execution results are subject to the information displayed on the 100X App and actual system execution.
9. Risk Disclaimer
Profit Shield is a position management tool for contract trading. It does not represent the platform’s judgment on market direction, nor does it guarantee profits or completely prevent losses.
Contract trading involves high risk. Severe market volatility may cause the actual execution price to differ from the price displayed on the page. Users should fully understand the function rules, fee rules, and related risks before using Profit Shield, and participate according to their own risk tolerance.
All rules, fees, prices, and execution results shall be subject to the information displayed on the 100X App and actual system execution.