BTCEX uses a sophisticated risk control system and liquidation model to support high leverage trading by adopting the Maintenance Margin model. The maximum amount of leverage available depends on the notional value of your position. The larger the position, the lower the leverage. You can adjust the leverage according to your needs, and all position amounts are calculated based on the contract's notional value (USDT). Thus, the Initial Margin is determined by the leverage you selected.
Please note that traders should first select their leverage (and fulfill the Initial Margin requirement) before opening their positions, or it will be set at 20x by default. The higher the leverage, the smaller the notional amount that the trader has access to. The lower the leverage, the higher the notional amount the trader can open.
Note:
- If you have open orders in Isolated Margin Mode, you are not allowed to lower the leverage.
- The maximum position limit of each tier includes both long and short positions.
|
125x USDT-Margined Perpetual Contracts (BTCUSDT) |
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|
Position (Notional Value in USDT) |
Leverage |
Initial Margin Rate |
|
0 < Position ≤ 50,000 |
125x |
0.80% |
|
50,000 < Position ≤ 250,000 |
100x |
1.00% |
|
250,000 < Position ≤ 1,000,000 |
50x |
2.00% |
|
1,000,000 < Position ≤ 5,000,000 |
20x |
5.00% |
|
5,000,000 < Position ≤ 20,000,000 |
10x |
10.00% |
|
20,000,000 < Position ≤ 50,000,000 |
5x |
20.00% |
|
50,000,000 < Position ≤ 100,000,000 |
4x |
25.00% |
|
100,000,000 < Position ≤ 200,000,000 |
3x |
33.30% |
|
200,000,000 < Position ≤ 300,000,000 |
2x |
50.00% |
|
300,000,000 < Position ≤ 500,000,000 |
1x |
100.00% |
|
100x USDT-Margined Perpetual Contracts (ETHUSDT) |
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|
Position (Notional Value in USDT) |
Leverage |
Initial Margin Rate |
|
≤ 10,000 |
100x |
1.0% |
|
≤ 100,000 |
75x |
1.3% |
|
≤ 500,000 |
50x |
2.0% |
|
≤ 1,000,000 |
25x |
4.0% |
|
≤ 2,000,000 |
10x |
10.0% |
|
≤ 5,000,000 |
5x |
20.0% |
|
≤ 10,000,000 |
4x |
25.0% |
|
≤ 20,000,000 |
3x |
33.0% |
|
< 30,000,000 |
2x |
50.0% |
|
> 30,000,000 |
1x |
100.0% |
|
50x USDT-Margined Perpetual Contracts |
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|
Position (Notional Value in USDT) |
Leverage |
Initial Margin Rate |
|
≤ 5,000 |
50x |
2.0% |
|
≤ 25,000 |
20x |
5.0% |
|
≤ 100,000 |
10x |
10.0% |
|
≤ 250,000 |
5x |
20.0% |
|
≤ 1,000,000 |
2x |
50.0% |
|
> 1,000,000 |
1x |
100.0% |
50x USDT-Margined Perpetual Contract:
Maintenance Margin is calculated based on your positions at different notional value tiers. This means that the Maintenance Margin is always calculated the same way, regardless of what leverage you select. Moving from one tier to another will not cause the previous tier to change its leverage. The larger the position, the higher the Maintenance Margin rate.
In most exchanges, the Maintenance Margin is usually half of the Initial Margin. At BTCEX, however, the Maintenance Margin is only less than half of the Initial Margin, which is more beneficial to traders.
It is important to note that the Maintenance Margin will directly affect the liquidation price. To avoid auto-deleveraging, it is highly recommended to close your positions before the collateral falls below the Maintenance Margin.
|
125x USDT-Margined Perpetual Contracts (BTCUSDT) |
||
|
Tier |
Position (Notional Value in USDT) |
Maintenance Margin Rate |
|
1 |
0 < Position ≤ 50,000 |
0.40% |
|
2 |
50,000 < Position ≤ 250,000 |
0.50% |
|
3 |
250,000 < Position ≤ 1,000,000 |
1.00% |
|
4 |
1,000,000 < Position ≤ 5,000,000 |
2.50% |
|
5 |
5,000,000 <Position ≤ 20,000,000 |
5.00% |
|
6 |
20,000,000 < Position ≤ 50,000,000 |
10.00% |
|
7 |
50,000,000 < Position ≤ 100,000,000 |
12.50% |
|
8 |
100,000,000 < Position ≤ 200,000,000 |
15.00% |
|
9 |
200,000,000 < Position |
25.00% |
|
100x USDT-Margined Perpetual Contracts (ETHUSDT) |
||
|
Tier |
Position (Notional Value in USDT) |
Maintenance Margin Rate |
|
1 |
≤ 10,000 |
0.5% |
|
2 |
≤ 100,000 |
0.65% |
|
3 |
≤ 500,000 |
1.0% |
|
4 |
≤ 1,000,000 |
2.0% |
|
5 |
≤ 2,000,000 |
5.0% |
|
6 |
≤ 5,000,000 |
10.0% |
|
7 |
≤ 10,000,000 |
12.5% |
|
8 |
≤ 20,000,000 |
15.0% |
|
9 |
> 20,000,000 |
25.0% |
|
50x USDT-Margined Perpetual Contracts |
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|
Tier |
Position (Notional Value in USDT) |
Maintenance Margin Rate |
|
1 |
≤ 5,000 |
1.0% |
|
2 |
≤ 25,000 |
2.5% |
|
3 |
≤ 100,000 |
5.0% |
|
4 |
≤ 250,000 |
10.0% |
|
5 |
≤ 1,000,000 |
12.5% |
|
6 |
> 1,000,000 |
50.0% |