Margining
Margining
Margin is the collateral you commit to open and maintain leveraged positions. Our margining follows established standards used by leading centralized derivatives platforms.
Margin Modes
When you open a position, choose between two distinct margin modes:
Cross Margin (Default) Collateral is pooled across all cross-margin positions, unlocking maximum capital efficiency. Profits and losses across these trades impact your overall margin. If one trade suffers a loss, it can draw from collateral backing other open cross positions.
Isolated Margin Collateral is locked to each specific position. If this trade is liquidated, only its margin is lost—other assets and positions remain untouched. You’re insulated from losses elsewhere in your portfolio.
Initial Margin & Leverage
You control leverage, from 1x up to each asset’s max.
Opening Margin Formula:
Margin Required=Position Size×Mark Price÷LeverageMargin Required=Position Size×Mark Price÷Leverage
With cross margin, initial margin is locked until the position closes.
With isolated margin, you can add/remove collateral whenever you like—enabling flexible risk management.
Unrealized PnL:
Cross: Can be used as margin for new trades.
Isolated: Adds to the available margin of that individual position.
Risk Management: After entry, leverage is fixed. You manage risk by:
Closing part or all of the position
Adding/removing margin (isolated)
Depositing USDC (cross)
Maintenance Margin & Liquidation
A position is liquidated when margin drops below your maintenance requirement:
Cross Margin: All cross positions are at risk if total account value (including unrealized PnL) falls below 50% of initial margin at max leverage.
Isolated Margin: Only the affected position is checked; other positions are untouched.
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