Margin

Pro Mode (Orderbook Trading)

When opening a position, you must select a margin mode. Cross margin is the default setting, offering maximum capital efficiency by sharing collateral across all cross margin positions. Isolated margin is also available, where collateral is confined to a specific asset. Liquidations in an isolated position only impact that asset and do not affect other isolated or cross margin positions. Likewise, liquidations in cross margin or other isolated positions will not impact the original isolated position.

Important notes:

• All contracts and positions are defaulted to the Cross Margin mode;

• Switching the margin mode will only apply to the selected contract;

• Please make sure that you've selected the preferred margin mode before opening any orders or entering any positions;

• You can't change the margin mode if you have any open orders or positions.

Initial margin and leverage

Leverage can be set to any integer between 1 and the maximum allowed for the asset. The maximum leverage available is determined by the asset and the notional value of your position.

You can adjust leverage based on your needs, and all position sizes are calculated according to the contract's notional value. The Initial Margin requirement is determined by the leverage you choose. The position margin requirement is calculated as: (position size × mark price) / leverage.

Please note that you should select your leverage and fulfill the Initial Margin requirement before opening positions. Higher leverage allows for smaller position sizes, while lower leverage enables larger positions.

Maintenance Margin

The Maintenance Margin is a key concept in futures trading. It represents the minimum collateral required to keep a leveraged position open. The Maintenance Margin is calculated based on the value of a trader’s open positions across different notional value tiers.

Maintenance Margin = Notional Position Value × Maintenance Margin Rate - Maintenance Amount

For latest information on Notional Position Values, maximum leverage, and corresponding Maintenance Margin rates and amounts, please refer to the Leverage and Margin table.

The Maintenance Margin is determined by your positions across different notional value tiers. It is calculated consistently, regardless of the leverage you select. Transitioning between tiers does not alter the leverage of the previous tier. As the position size increases, the Maintenance Margin rate also increases.