Study Notes | Futures Leverage
① On Binance USDⓈ-M futures, leverage is set separately for each trading pair, so different pairs can have different leverage levels.
② Futures profit and loss is calculated based on notional value: at 10x leverage, a 1% price move corresponds to about 10% profit or loss on the margin.
③ Before opening a position, calculate how much it would lose if the price moved 5% against you—and whether you could withstand it.
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