Leverage for Coin-Margined Contracts

CoinEx Coin-Margined Futures supports multiple leverage levels, currently from 1x to 100x.

1. Timing: 

Leverage can be adjusted after a position is opened under Cross Margin or Isolated Margin mode.

However, margin mode or leverage cannot be changed while there are unfilled orders.

2. Impact: 

(1) Cross Margin Mode: 

Adjusting leverage will trigger a recalculation of the allocated cross margin in real time. This may lead to changes in the risk ratio and the liquidation price. Please closely monitor your risk level.

(2) Isolated Margin Mode: 

Increasing leverage will not change the liquidation price. In contrast, decreasing leverage will trigger a recalculation of the required margin, which may lead to a margin call, and the liquidation price may change accordingly.

3. Position Tier and Maximum Available Leverage

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Margin Calculation for Coin-Margined Contracts

1. Position Margin

(1) Isolated Margin Mode: Isolated Position Margin = Margin Allocated to Isolated Positions + Isolated Unrealized PNL

Where: Isolated Occupied Margin = Initial Margin + Additional Margin − Reduced Margin

(2) Cross Margin Mode: Cross Position Margin = Cross Balance + Total Unrealized PNL of All Cross Positions − Frozen Trading Fees of All Cross Orders − Frozen Margin (including fees) of All Isolated Orders

2. Frozen Margin

(1) One-Way Position Mode: 

Frozen Margin for Pending Orders = Max [0, Current Order Qty + Min (0, Total Qty of Other Orders in the Same Direction with Higher Priority − Opposite Position Qty)] / Order Price × (1 / Leverage + Maker Fee Rate)

(2) Hedge Mode: 

Frozen Margin for Pending Orders = Current Order Qty / Order Price × (1 / Leverage + Maker Fee Rate)

3. Allocated Margin

(1) Cross Margin Mode: Opening Position Qty / Mark Price / Leverage

(2) Isolated Margin Mode: Initial Margin + Added Margin − Reduced Margin

4. Initial Margin: Initial Margin = Opening Qty / Average Entry Price / Leverage

5. Maintenance Margin: Maintenance Margin = Position Qty / Mark Price × Maintenance Margin Rate

6. Available Margin

(1) Cross Available Margin = Max (0, Cross Balance +  Total Unrealized PNL of All Cross Positions − Total Margin Allocated to Cross Positions − Frozen Margin)

(2) Isolated Available Margin = Max (0, Cross Balance + Min (0, Total Unrealized PNL of All Cross Positions) − Total Cross Initial Margin − Frozen Margin)