CoinEx adopts a maintenance margin level system for risk control. If some users have large positions and when their positions are forcedly liquidated, other may experience auto-deleverage (ADL), which will bring risks to others. In this case, the maintenance margin level system will help avoid the situation.
Simply put, the maintenance margin level system is designed for all trading accounts with different maintenance margin ratios and maximum leverage based on different positions. The larger the position, the lower the limit on the maximum leverage available, and vice versa. In this way, it helps minimize the risk of forced liquidation.
Inverse Contract Leverage Description
CoinEx Inverse contract employs several adjustable leverages, ranging from 3X to 100X.
1. How to adjust the leverage
The leverage can be adjusted after the position is successfully opened and leverage can be adjusted under both Isolated and Cross margin modes. However, when there is an existing order in the current market, you can neither switch the margin mode nor adjust the leverage.
2. Impact of adjusting leverage
When adjusting the leverage, the current position will be affected, and the position margin of the current position will be recalculated after the adjustment. Therefore, it is necessary to pay attention to the possibility of the liquidation price of the position changing when adjusting.
Inverse Contract Maintenance Margin Ratio Level
BTCUSD
Position Level |
Maintenance Margin Ratio | Min. Initial Margin | Max. Leverage |
0-500000 Cont | 0.50% | 1.00% | 100 |
500001-1000000 Cont | 1.00% | 2.00% | 50 |
1000001-2000000 Cont | 1.50% | 3.33% | 30 |
2000001-5000000 Cont | 2.00% | 5.00% | 20 |
5000001-10000000 Cont | 2.50% | 6.66% | 15 |
10000001-20000000 Cont | 3.00% | 10.00% | 10 |
ETHUSD
Position Level |
Maintenance Margin Ratio | Min. Initial Margin | Max. Leverage |
0-500000 Cont | 0.50% | 1.00% | 100 |
500001-1000000 Cont | 1.00% | 2.00% | 50 |
1000001-2000000 Cont | 1.50% | 3.33% | 30 |
2000001-5000000 Cont | 2.00% | 5.00% | 20 |
5000001-10000000 Cont | 2.50% | 6.66% | 15 |
10000001-20000000 Cont | 3.00% | 10.00% | 10 |
How is Inverse Contract Margin Calculated
1. Position Margin
Position Margin = Initial Margin + Increased Margin - Decreased Margin + Unrealized PNL (Calculated at the Mark Price)
2. Frozen Margin
Frozen Margin: It refers to the frozen initial margin and trading fees when the current order cannot be executed immediately.
3. Initial Margin
Initial Margin: the minimum amount of margin for position open.
Initial Margin = Open Value * Initial Margin Rate, Initial Margin Rate = 1 / Leverage * 100%
4. Maintenance Margin
Maintenance Margin: the minimum amount of margin required to keep your position open.
Maintenance Margin = Cumulative Open Value * Maintenance Margin Rate
5. Available Margin
Available Margin: available assets for new positions or margin.
Available Margin = Transfer-in Amount - Transfer-out Amount + Realized PNL + Unrealized PNL - Position Margin - Frozen Margin
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