📏Margining
Last updated
Last updated
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.
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
*May be adjusted in the future.
BTC-USDT Contracts
*May be adjusted in the future.
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
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.
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 = Contract Quantity × (Entry Average Price − Latest Price) = 0.4 × (6,000 − 5,000) = 400 USDT
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 + … )
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
*May be adjusted in the future.
*May be adjusted in the future.
TREAT-BTC-USDT Contracts
BURGER-BTC-USDT Contracts
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
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.
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)
| Tier | Lower Limit | Upper Limit | Max Leverage | MMD | Maintenance Amount (USDT) |
|---|---|---|---|---|---|
| Tier | Lower Limit | Upper Limit | Max Leverage | MMD | Maintenance Amount (USDT) |
|---|---|---|---|---|---|
| Tier | Lower Limit | Upper Limit | Max Leverage | MMD | Maintenance Amount (USDT) |
|---|---|---|---|---|---|
Trading Pair
Contract Value
Collateral Currency
Maximum Leverage
Maintenance Margin Rate
BTC-USDT
0.001 BTC
USDT
20X
2.5-50.0%
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
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%*
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
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