With the Coin-M Futures Grid strategy, investors can earn from market volatility by buying low and selling high, or selling high and buying low. This strategy allows investors to keep up with market fluctuations and generate profits

The Coin-M Futures Grid is a specialized type of Futures Grid, focused on investing and earning in non-stablecoins.
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Investments are made in cryptocurrencies other than stablecoins (such as BTC, ETH, and SOL, excluding USDT), with profits realized in the same currency. It operates on the same principles as other Futures Grids.
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As mentioned earlier, Coin-M Futures Grid is about “investing and earning in non-stablecoins”, so coin prices have a dual impact:
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The change in holdings, reflected in the number of coins, is due to PnL from the grid. And the USDT value of the coins.
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Therefore, common ways to use the Coin-M Futures Grid are:
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When coin prices rise, the Coin-M Futures Long Grid will:

Assume a BTC/USDT Coin-M Futures Long Grid and a USDT Futures Long Grid are initiated at 80,000 USDT with identical parameters, investing 0.1 BTC and 8,000 USDT, both using 3x leverage.
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When the price rises to 100,000 USDT, the Coin-M Futures Grid’s net value will be higher:

When coin prices fall, the Coin-M Futures Short Grid will:

Assume a BTC/USDT Coin-M Futures Short Grid is initiated at 100,000 USDT, with an investment of 0.1 BTC (equivalent to 10,000 USDT), then the price falls to 80,000 USDT.
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At 3x leverage:

At 1x leverage:

Notably, with 1x leverage shorting, the Coin-M Futures Grid is unlikely to experience liquidation, making it a preferred option for hedging
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As a grid strategy, the Coin-M Futures Grid can effectively arbitrage through price fluctuations to accumulate coins. This approach equips investors for future market developments.
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Step 1: Download/Update and log in to the latest version of the Pionex app to access the Coin-M Futures Grid Bot
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Step 2: Click on [Bot] in the bottom menu bar, then click on [Create] - [Futures], where you will find the "COIN-M Futures Grid" option.

​Step 3: Once you are in the “Coin-M Futures Grid” section, you can select your preferred Coin-M Futures pair, then choose “Copy Strategy” and click on “Long,” “Short,” or “Neutral.” The system will recommend corresponding AI strategies, allowing you to select your preferred option by clicking the [Copy bot] button

You can also choose “Customize” to manually set up your grid parameters, adjust the leverage, and create a grid.

​Step 4: After copying the strategy, enter your investment amount, and then click [Create] - [Confirm] to place your bot order.

Step 1: Open the Pionex website, log in to your account, click on [Futures] in the top menu bar, then click on [Futures Bot], where you will find the "Coin-M Futures Grid" option.

​Step 2: Once you are in the “Coin-M Futures Grid” section, you can select your preferred Coin-M Futures pair, then choose “Copy Strategy” and click on “Long,” “Short,” or “Neutral.” The system will recommend corresponding AI strategies, allowing you to select your preferred option by clicking the [Copy bot] button.

You can also choose “Customize” to manually set up your grid parameters, adjust the leverage, and create a grid. The process of creating a grid using “Customize” is as follows:

​Step 3: After copying the strategy, enter your investment amount, and then click [Create] - [Confirm] to place your bot order.

Q: What trading pairs are supported by Coin-M Futures Grid Bots?
​A: We support several Coin-M perpetual futures pairs, and you can find them under [Market] - [Futures] - [COIN-M].

Q: Are the Coin-M Futures and USDT Futures for the same cryptocurrency identical? For example, the BTC/USDT Coin-M Futures and the BTC/USDT Futures?
​A: The prices of Coin-M Futures and USDT Futures for the same cryptocurrency both track the spot market, so their movements are generally similar. However, as they are distinct futures, their price fluctuations will not be perfectly aligned, and their liquidity may differ.
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Q: With identical parameters and entry price, will the profit net value (not total net value) of the Coin-M Futures Grid exceed that of a USDT Futures Grid?
​A: If parameters and entry prices are the same, the profit net value of both grids will generally be similar. Key differences include the net value of the investment amount and the capability to hold the spot (thus avoiding missed profit from future price rises). Moreover, since Coin-M Futures and USDT Futures differ, during extreme market scenarios, the number of arbitrages may vary, causing slight differences in profit.
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Q: Why is there a division into actual investment and dynamic margin after opening an order?
​A: The actual investment amount is the amount you use to open an order, while the dynamic margin is the reserved “safety cushion.” You can reserve a portion of the total investment amount as the dynamic margin when opening an order, or you can add it later. This amount is used to hedge against your floating losses and reduce the risk of liquidation.
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As shown in the image, when you go long, adding dynamic margins will lower your estimated liquidation price, and when you go short, it will increase your estimated liquidation price. When your grid is close to the liquidation price, you can reduce the risk by adding the dynamic margin. If your grid becomes profitable later and moves away from the liquidation price, you can withdraw the margin.
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​Q: Can I add/withdraw margin to my Coin-M Futures grid bot?
​A: Yes, to manage the margin in your bot, click on the running bot, then go to [More] - [Adjust Margin]. If you want to add more margin, select [Add Margin]. If you want to withdraw the margin, select [Withdraw Margin]. The added margin will be used as an available balance to maintain your position or for fee deduction and will not affect any of the bot parameters.

Q: Is it necessary to enable the margin reservation? When is it better to reserve the margin?
​A: When you open an order, if you enable the margin reservation, the system will reserve a portion of the investment amount as a “safety cushion,” which is the dynamic margin. It will lower your estimated liquidation price when you go long and raise it when you go short. If you don’t want to reserve the dynamic margin, you can uncheck the option and leave the dynamic margin field blank, only filling in the actual investment amount.
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To protect your grid from approaching the liquidation price, we generally recommend enabling it, especially when using higher leverage. If you are already experienced with futures grids and prefer to have more control over your funds, you can uncheck it first and then use the margin management feature to add or reduce margin after opening an order.
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Q: Will the grid profits automatically become margins?
​A: Yes, your grid profits will help reduce the liquidation risk. However, this portion of the grid profits cannot be withdrawn at the moment.
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Q: Can the grid profits be withdrawn?
​A: Yes, click on [More] - [Redeem profit] to release the withdrawable grid profits from the bot.

Q: Difference between Mark Price and the Last Price?
​A: The mark price refers to the estimated real value of the futures trading. It considers the fair value of an asset to avoid unnecessary liquidations during market fluctuations. Pionex futures grids use the mark price as the trigger condition for liquidation and also calculate floating profits and losses based on the mark price. Please refer to the official website documentation for the calculation method of the mark price: Mark Price.

Q: What is the funding rate, and why am I charged a fee?
​A: Funding rate is a special mechanism in perpetual futures aimed at anchoring the futures price to the spot price. The funding rate applies to both manual and grid trading and is settled every 8 hours. If the funding rate is positive, long position holders pay short position holders, and if it is negative, it is the opposite. Please refer to the official website documentation for the calculation method of the funding fee: Funding Fee.

Q: After charging the funding rate, will it be deducted/increased in which column? How can I view the historical details?
​A: The income and expenditure of the funding rate will be reflected in the floating profits and losses. You can find the historical data on the bot by going to [Detail] - [Transaction] - [Funding History] - [Funding Fee].
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Q: Why is there no buy order within the grid range?
​A: This is due to the use of dynamic orders by Pionex to achieve a two-tier buffer technology. When you have multiple grid cells, to maximize the utilization of your margin, the system will not place all orders at once but will place orders near the current price and adjust your orders as the price moves.

Supplementary explanation: What is the two-layer buffer?
​Due to the maintenance of margin requirements, when an order is close to liquidation and remains unfilled, it is usually automatically canceled. In this case, some exchanges may choose to close grid trading and liquidate positions automatically. However, if the market quickly rebounds after a dip, this approach can cause unnecessary losses to users. In such a scenario, Pionex does not close the user’s orders but automatically restores the maximum amount of unfilled orders based on the current position and margin. After the user adds margins, more orders are automatically placed. Thanks to the two-layer buffer, Pionex futures grids support leverage of up to 100 times, and users can freely set parameters such as range and grid count without considering the correlation between parameters, greatly improving the user experience.

Q: Why am I prompted with “order close to estimated liquidation price” even though the current price is far from the estimated liquidation price?

A: Due to the leverage of the futures trading, profit and loss fluctuations are often significant. To avoid situations where you may not have enough time to add dynamic margins during volatile market movements, we will provide a warning when the estimated liquidation price is not far away.

Q: Why can’t I open the Coin-M Futures grid even though there is money in the futures account?

A: For risk management purposes, Pionex futures manual trading operates in a separate account, while robot strategies and spot trading are associated with the main account. If your main account balance is insufficient, but there are funds in the futures account, you can transfer the funds to the main account and then open a futures grid. You can find the transfer button on the account page or the manual setting page of the futures grid, as shown in the image.​

Q: Can the futures trial funds be used to offset Coin-M Futures grid fees?

A: No, they cannot. For risk management purposes, Pionex futures manual trading operates in a separate account, while robot strategies and spot trading are associated with the main account. Futures trial funds are only available for use in the manual trading account (i.e., the futures account) and cannot be used in the main account.

Q: Why is my total P&L showing a loss while my Grid Profit is positive?

A: Grid Profit represents the sum of the profits generated by each completed buy and sell order pair in a trading strategy. However, total P&L includes both realized and unrealized profits and losses. If the open positions in the bot are currently suffering losses and the realized Grid Profit is not enough to offset them, you may see a negative Total Profit and Loss.

Q: Why is the total number of Buy and Sell orders not equal to the number of my grids?

A: Our Futures Grid Bot uses a dynamic order placing model, where the number of pending orders is always a limited number of orders near the current price, thus increasing your capital utilization and profitability, and reducing the risk of a potential blowout.

Q: When I close a Coin-M Futures Grid bot, what currency will my assets be returned in?

A: You can choose. When closing the bot, you'll be prompted to select whether your assets (initial investment + profit) are settled in USDT or in the base coin.

Q: How much profit per grid do I need to cover the trading fees?

A: Each completed grid trade is one buy plus its matching sell. Both legs are placed as limit orders and fill as maker, so a completed cycle pays roughly twice the maker fee. For that cycle to be profitable, the per-grid price spacing (its profit rate) has to be wider than this round-trip fee.

Coin-M Futures fees are charged at a live rate that depends on the market and your VIP tier, so there is no single fixed break-even number for a Coin-M grid. Check your current futures trading maker fee on your fee-rate page and use about twice that rate as a rough minimum per-grid profit rate. Don't reuse the Spot Grid figure — the fee differs by product.

For a running bot, the actual fees are shown under [Detail] - [Transaction].

Q: Why is the Estimated Open Value of my Coin-M Futures Grid much smaller than I expected from my price range?

A: On a Coin-M Futures Grid, the grid lines are not spaced evenly along the USDT price scale you see. They are packed more densely toward the lower end of your range and more sparsely toward the upper end. So the number of grid lines between the current price and the upper bound is much smaller than a simple linear split of the range would suggest — when the current price sits near the top of your range, only a small share of the grid lines lie above it, and the opening position (the Estimated Open Value) is sized to those lines. That is why the Estimated Open Value comes out small. This is expected behavior of a coin-margined grid, not an error. The Estimated Open Value, grid count, and per-grid figures shown on the confirmation screen are authoritative; they are not a linear proportion of your price range.

Q: Will the profit I can earn in the upper part of my range also be lower than a linear estimate?

A: Yes. Because that upper segment contains fewer grid lines, fewer completed buy-sell cycles — and therefore less Grid Profit — are available there than a linear estimate implies. This is consistent with the sparser grid density in that zone; it is not an error in how Grid Profit is calculated or distributed. If you want more grid lines concentrated in a particular price zone, you can narrow your range or raise the grid count, then re-check the confirmation screen (which shows the actual grid layout) before creating the bot.

Q: My bot shows "Won't Liq." instead of a number — what does this mean?

A: "Est. Liq. Price" (estimated liquidation price) is a single field that shows either a price or "Won't Liq." The "Won't Liq." wording means that, under your current settings and the current market price, the system estimates no liquidation risk for that side — it is not a separate field or a different bot feature.

Q: Is the estimated liquidation price based on my current position, or the whole grid?

A: It's the worst case for the grid, not your position right now. The system assumes every pending order on the risk side of your grid has been filled — so the position has built up to its maximum for that direction — and then calculates the liquidation price from that maximum position. This is why the figure can sit far from your current position's break-even price.

Q: Why did my Est. Liq. Price change — even between two quick adjustments?

A: The estimated liquidation price is a live estimate, not a fixed guarantee. It is recalculated whenever your inputs change — leverage, reserved or added margin, added or reduced investment, an edited price range — and as funding fees are charged and the mark price moves. At high leverage, and on Coin-M in particular, it is very sensitive, so two adjustments made seconds apart can move it noticeably or even flip it between a price and "Won't Liq." Always rely on the current value on the bot's live detail page, not a figure from an earlier preview.

Q: For a Long or Short grid, why is there only one liquidation-price field?

A: A Long or Short grid carries directional risk in only one direction (Long → downside, Short → upside), so it shows a single "Est. Liq. Price"; there is no separate field for the opposite side. That one field shows either a price or "Won't Liq." — the two are mutually exclusive states of the same field, not a "number on one side, no-liquidation on the other" pair.

Q: Why does a Neutral grid show two liquidation prices?

A: A Neutral grid opens with no starting position and can build a position in either direction as the price moves, so it shows two independent estimates — "Liq. price (Rising)" and "Liq. price (Falling)." They are calculated separately, so each one can independently show a price or "Won't Liq."

Q: Why is the "Starting Price" shown for my Futures Grid position slightly different from the current market price — is it slippage, mark price vs last price, or a fee?

A: A small difference between the Starting Price shown for your bot and the current market price is normal. It is not a fee, and it is not the mark-price-vs-last-price difference — the Starting Price is not based on the mark price. It comes from how the Starting Price is defined:

For the exact figures, open the bot's [Detail] - [Parameter] and its order/transaction history rather than reconstructing them by hand. A small difference is expected. If the Starting Price looks far off — not just a small difference — or the position's direction looks wrong for your settings, share your bot ID and the approximate time so our support team can check.