📏Margining

Opening a contract position requires a certain amount of margin, and margin trading provides greater leverage for your contracts.

  • Initial Margin: The minimum margin required for opening a position. Initial margin ratio = 1/leverage. Initial margin = (Contract Quantity × Order Price × Multiplier​) / Leverage

  • Maintenance Margin Ratio: Maintenance Margin is the minimum amount of margin a trader must maintain in their position or account to continue holding a position. When unrealized losses cause the position margin in a position or account to fall below the required maintenance margin level, liquidation will be triggered.

USDT-Margined Contracts Overview

Margin

All varieties of USDT Perpetual contracts use USDT as the collateral asset. Users only need to hold USDT to participate in trading various contract types.

Pricing Unit

The USDT Perpetual contracts are denominated in USDT.

Contract Value

The value of each USDT perpetual contract corresponds to the underlying asset. For instance, in the BTC/USDT contract, the contract value is 0.001 BTC.

Profit and Loss Currency

All varieties of USDT Perpetual contracts calculate profits and losses in USDT.

Contract Specifications

Trading Pair

Contract Value

Collateral Currency

Maximum Leverage

Maintenance Margin Rate

BTC-USDT

0.001 BTC

USDT

20X

2.5-50.0%

*May be adjusted in the future.

Position Limits and Maintenance Margin Rates*

BTC-USDT Contracts

TierLower LimitUpper Limit Max LeverageMMDMaintenance Amount (USDT)

1

0

50,000

20x

0.5%

0

2

50,000

100,000

20x

1.0%

250

3

100,000

200,000

20x

2.0%

1,250

4

200,000

250,000

20x

2.5%

2,250

5

250,000

500,000

10x

5.0%

8,500

6

500,000

1,000,000

5x

10.0%

33,500

7

1,000,000

1,250,000

4x

12.5%

58,500

8

1,250,000

2,500,000

2x

25%

214,750

9

2,500,000

5,000,000

1x

50%

839,750

*May be adjusted in the future.

Margin and Profit/Loss Calculation

Initial Margin

In USDT Perpetual contracts, the Initial Margin is calculated using the order value multiplied by the Initial Margin rate. The Initial Margin rate depends on the Leverage used.

Initial Margin Formula:

Initial Margin = (Contract Quantity × Order Price × Multiplier​) / Leverage

Example:

  • Trader opens a Long BTC-USDT position of 100 contracts, each sizing 0.01 BTC, at a price of 10,000 USDT using 50x leverage.

Calculation:

Initial Margin = (100×10,000×0.01) / 50 ​= 200 USDT

Profit and Loss (PNL)

After opening a position, the PNL can be seen in real-time based on market price changes. The calculation differs depending on whether the position is long or short.

For Long positions

Example:

  • Trader B holds a Long position of 0.2 BTC-USDT with an Entry Price of 7,000 USDT. The latest Market Price shows 7,500 USDT.

PNL Calculation:

PNL = Contract Quantity × (Latest Price − Entry Average Price) = 0.2 × (7,500−7,000) = 100 USDT

For Short positions

Example:

  • Trader C holds a Short position of 0.4 BTC-USDT with an Entry Price of 6,000 USDT. The latest Market Price shows 5,000 USDT.

PNL Calculation:

PNL = Contract Quantity × (Entry Average Price − Latest Price) = 0.4 × (6,000 − 5,000) = 400 USDT

Average Entry Price

The Average Entry Price is recalculated whenever new positions are opened. The formula is as follows:

Average Entry Price Formula:

Average Entry Price =

[( ContractQty1 x EntryPrice1 ) + ( ContractQty2 x EntryPrice2 ) + …] / ( ContractQty1 + ContractQty2 + … )

ALTCOIN-margined Contracts Overview

Margin

ALTCOIN-M contracts are derivatives that allow the use of currencies other than the pricing currency and base currency as a margin for opening trading positions. For example, the BURGER-BTC-USDT contract uses BURGER as the margin for two contracts.

Pricing Unit

ALTCOIN-M contracts also use USDT as the pricing unit.

Contract Value

The contract value for ALTCOIN-M contracts is generally 0.01 BTC, but this is subject to the configuration of each contract.

Profit and Loss Currency

The profit and loss for ALTCOIN-M contracts are settled in the corresponding margin currency. For instance, the BURGER-BTC-USDT contract is settled in BURGER.

Contract Specifications

Trading Pair

Contract Value

Collateral Currency

Maximum Leverage

Maintenance Margin Rate

TREAT-BTC-USDT

0.01 BTC

TREAT

20X*

2.5-10.0%*

BURGER-BTC-USDT

0.01 BTC

BURGER

20X*

2.5-10.0%*

*May be adjusted in the future.

Position Limits and Maintenance Margin Rates*

*May be adjusted in the future.

TREAT-BTC-USDT Contracts

TierLower LimitUpper Limit Max LeverageMMDMaintenance Amount (USDT)

1

0

40,000

20x

0.5%

0

2

40,000

80,000

20x

1.0%

200

3

80,000

160,000

20x

2.0%

1,000

4

160,000

200,000

20x

2.5%

1,800

5

200,000

400,000

10x

5.0%

6,800

6

400,000

800,000

5x

10.0%

26,800

BURGER-BTC-USDT Contracts

TierLower LimitUpper Limit Max LeverageMMDMaintenance Amount (USDT)

1

0

40,000

20x

0.5%

0

2

40,000

80,000

20x

1.0%

200

3

80,000

160,000

20x

2.0%

1,000

4

160,000

200,000

20x

2.5%

1,800

5

200,000

400,000

10x

5.0%

6,800

6

400,000

800,000

5x

10.0%

26,800

Margin and Profit & Loss Calculation

Opening Margin

In ALTCOIN-M contracts, the initial margin is calculated by multiplying the order value by the initial margin rate. The initial margin rate depends on the leverage used.

Initial Margin = (Contract Quantity × Order Price × Contract Value) / Leverage

Example: A trader uses a Leverage of 20x to open a Long position of 100 contracts for 10,000 USDT. Initial Margin = (100 × 10,000 × 0.01) / 20 = 500 BURGER

Average Entry Price

The Average Entry Price is calculated as follows:

Average Entry Price =

[( ContractQty1 x EntryPrice1 ) + ( ContractQty2 x EntryPrice2 ) + …] / ( ContractQty1 + ContractQty2 + … )

The Average Entry Price will be recalculated whenever a new position is opened.

Profit and Loss

After opening a position, the position and its Profit and Loss can be viewed in real-time. The formulas for calculating Profit and Loss vary depending on the direction of the trade.

  • For Long positions: Profit and Loss = Contract Quantity × (Latest Price − Average Entry Price)

  • For Short positions: Profit and Loss = Contract Quantity × (Average Entry Price − Latest Price)

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