Change in Base Initial Margin and Maintenance Margin for 14 Contracts

On 14 March 2024 at 04:00 UTC, we will update the Base Initial Margin and Base Maintenance Margin requirements for 14 contracts.

These changes will apply to new positions, new orders and any leverage or Risk Limit changes, applied to existing positions or existing orders. The current Margin requirements for our products can be found here.

Below you will find the affected contracts and their new Base Maintenance Margin and Base Initial Margin requirements. 

Contracts	Base Maintenace Margin	Base Initial Margin
ARBUSD, DOTUSD, NEARUSD, SHIBUSDT, SUIUSD	1.50%	3.00%
BCHUSDT, BNBUSDT, DOGEUSDT, LINKUSDT, LTCUSDT, SOLUSDT, XRPUSDT	1.00%	2.00%
ETHUSDT, XBTUSD*	0.50%	1.00%

The Impact of These Changes for the Affected Contracts

Under all Risk Limits (for all contracts above except XBTUSD):

• Initial Margin requirements will decrease, so Bankruptcy Price will move closer to Average Entry Price and Maximum Leverage available will increase.
• Maintenance Margin requirements will decrease, so Liquidation Price will move closer to Bankruptcy Price and the amount of Maintenance Margin lost in the event of liquidation, will decrease.
• The difference between Initial Margin and Maintenance Margin will decrease, so Liquidation Price will move closer to Average Entry Price.

Under all Risk Limits (for XBTUSD):

• Initial Margin requirements remain the same, so Bankruptcy Price will not move relative to Average Entry Price and Maximum Leverage available will remain the same.
• Maintenance Margin requirements will increase, so Liquidation Price will move away from Bankruptcy Price and the amount of Maintenance Margin lost in the event of liquidation, will increase.
• The difference between Initial Margin and Maintenance Margin will decrease, so Liquidation Price will move closer to Average Entry Price.

We have implemented these changes to help users trade more safely on our platform – reducing the chance of liquidations for contracts with indices that reference lower volume spot markets.

In the meantime, if you have any questions please contact Support. 

Related