1. What is the Toobit trial fund?
Toobit trial fund is a trading voucher issued by Toobit to enhance your futures trading experience. It can be used directly for perpetual futures trading, allowing you to experience and familiarize yourself with futures trading at a very low cost—or even without using your own funds.
Trial funds can be applied to real perpetual futures trades and used to deduct trading fees, funding fees, and trading losses. They are usually distributed through platform events or the [Vouchers].
2. Trial fund usage rules
2.1 Key features
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Fee deduction rules: Whether a trial fund can be used to deduct fees depends on its specific type. Opening margin, funding fees, and trading losses may be covered proportionally based on the distribution rules.
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Not applicable to certain fees: Trial funds cannot be used to deduct fees charged based on the futures mark price.
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Usage limit: Only one trial fund can be used per order. Trial Funds cannot be stacked. If a Trial Fund is already in use, a new one can only be applied for after the current one is fully used or expires.
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Transfer restrictions: Depending on the trial fund type, transfers between spot and futures accounts may be restricted. Transfers made during the usage period may cause the trial fund to become invalid. Please follow the on-screen instructions.
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Validity period: Trial Funds must be used within the validity period. Any unused balance will be reclaimed after expiration, while any portion already used will not be affected. You will receive reminders via SMS, in-app notifications, or push notifications before expiration.
2.2 Trading notes
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Used with your own funds: Trial funds can be used together with your personal funds when trading.
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Scope of use: Trial funds are only applicable to perpetual futures trading and cannot be used for other trading products.
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Supported trading pairs: All perpetual futures trading pairs are supported, with no restrictions.
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Leverage: Trial funds can be used under any leverage setting. You may freely choose your preferred leverage.
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Usage and remaining rules: Trial funds can be used multiple times. After closing positions, any remaining trial funds can still be used, but they cannot be withdrawn or transferred out as account assets.
3. How to use trial funds
3.1 Find your trial funds voucher
Trial funds obtained through events or other means can be found in the [Vouchers]:
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App: Home → Tap the avatar in the top-right corner → [Vouchers]
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Web: Home → Click the human icon in the top-left corner → [Vouchers]
3.2 Trial tund unlock requirements
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Some trial funds require specific conditions to be unlocked.
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Others are available immediately once issued to your [Vouchers].
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Common unlock conditions include:
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Futures account balance reaching a specified amount
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Futures P&L reaching a specified percentage
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Futures trading volume reaching a specified amount
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On-chain deposit reaching a specified amount
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3.3 Using trial funds
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Step 1: Claim trial funds from the [Vouchers] or navigate to the perpetual futures trading page and select an available trial fund.
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Step 2: After selecting the trial fund, set the order type, leverage, and position direction to open the trade.
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Step 3: After closing positions, you can view the details of the trial fund deductions, including trading fees and funding fees, in the [Transaction History].
3.4 Trial fund deduction mechanism
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Priority deduction: When deducting losses or funding fees, the system will first use trial funds according to the preset deduction ratio.
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Shortfall covered by your own funds: If trial funds are insufficient, the remaining amount will be covered automatically by your own funds.
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Detailed deduction records: You can view full deduction details in [Transaction history].
Example 1: Stop loss order (with a 30% deduction ratio)
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Trading fee: 10 USDT → Trial funds cover 3 USDT, and the remaining 7 USDT is covered by your own funds.
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Realized loss: 100 USDT → Trial funds cover 30 USDT, and the remaining 70 USDT is covered by your own funds.
Example 2: Liquidation order (with a 30% deduction ratio)
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Realized loss: 200 USDT → Trial funds cover 60 USDT, and the remaining 140 USDT is covered by your own funds.
Note: Each cost is deducted using trial funds first according to the preset deduction ratio, with the remaining amount covered by your own funds.
3.5 Trial fund expiry and recovery rules
Scenario 1: Expiry
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Trial funds must be used within their validity period; otherwise, they will expire.
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If there is an open position, any unused trial funds will be reclaimed after the position is closed. If there is no open position, unused trial funds will be immediately reclaimed.
Scenario 2: Transfer or withdrawal reclaim
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Transferring funds from a futures account to a spot account or making a withdrawal may cause partial or all trial funds to be reclaimed.
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The actual reclaimed amount will be shown on the Voucher page.
4. FAQs about trial funds
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How can I check my trial fund details?
You can view your trial fund amount, usage rules, and validity period in [Support Center] → [Campaigns and rewards].
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Do trial funds expire?
Yes. Trial funds have a validity period. Please check the expiration time in the [Voucher] and use them before they expire.
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Can I withdraw trial funds directly?
No. Trial funds cannot be withdrawn. Only profits generated from trading with trial funds can be withdrawn.
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Can I use multiple trial funds at the same time?
No. Only one trial fund can be used per trade. You must finish using the current trial fund before using a new one.
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What happens if I do not meet the unlock conditions?
Trial funds will remain locked until all required conditions are met.
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What are the usage restrictions of trial funds?
Trial funds can only be used for futures trading. All trading pairs and leverage levels are supported.
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What happens if I transfer assets from the futures account to the spot account?
Transferring assets may result in partial or full invalidation of trial funds. Please refer to the Voucher page for specific reclaim details.
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Will losses from trading with trial funds affect my own funds?
If only trial funds are used, trading losses will not affect your own funds but will reduce your trial fund balance.
Disclaimer:
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In the event of malicious attempts to exploit trial funds, Toobit reserves the right to take appropriate actions against the involved account to recover any incurred losses. Toobit retains the final authority over the interpretation of trial funds.
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In practice, it is crucial to stay calm and rational, avoiding unnecessary risks from excessive profit-seeking. Improving futures trading knowledge and skills is key to effectively utilizing trial funds.
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Trial Funds cannot be used for matched orders, self-dealing, or opening long and short positions on the same pair with the intention of deducting each other. Such practices are considered abusive behavior aimed at exploiting Trial Funds rather than genuine trading activity. Toobit reserves the right to take appropriate actions, including recovery of Trial Funds or restriction of account functions, if any such activity is detected.
