To better serve our users and prevent market risk, Binance Futures will update the Maintenance Margin of the following contracts periodically starting from this week. The adjustment is expected to be completed in the next 10 weeks. The next implementation time are 2021-04-13 9:00 AM (UTC) and 2021-04-15 9:00 AM (UTC).
- BTCUSD Perpetual 0625
- ETHUSD Perpetual 0625
- LINKUSD Perpetual, LINKUSD Quarterly 0924, LINKUSD Quarterly 0625
- BNBUSD Perpetual, BNBUSD Quarterly 0924, BNBUSD Quarterly 0625
- DOTUSD Perpetual, DOTUSD Quarterly 0924, DOTUSD Quarterly 0625
- ADAUSD Perpetual, ADAUSD Quarterly 0924, ADAUSD Quarterly 0625
- LTCUSD Perpetual, LTCUSD Quarterly 0924, LTCUSD Quarterly 0625
- BCHUSD Perpetual, BCHUSD Quarterly 0924, BCHUSD Quarterly 0625
- XRPUSD Perpetual, XRPUSD Quarterly 0924, XRPUSD Quarterly 0625
- FILUSD Perpetual
- EOSUSD Perpetual
- TRXUSD Perpetual
- ETCUSD Perpetual
- EGLDUSD Perpetual
The effective time and details of the maintenance margin adjustment will be updated on this page in real-time without prior announcement. Please pay close attention and check actively. Position holders will receive a message reminder via Email, Notification and SMS 24-hours before the implementation time.
It is important to note that the maintenance margin change will directly affect liquidation price, users who held the existing position of the above Coin-margined Contracts will be affected. To avoid being liquidated (i.e. margin ratio hits 100%), please add more margin to your COIN-M Futures account or reduce your positions. It is recommended to control the margin ratio below 90%.
Risk Warning:
- Binance uses commercially reasonable effort to send notifications to the users, there may be instances where the users fail to receive the notification on time due to network delay, computer system failures and other force majeure. Binance will not be liable for any loss that might arise from your use of this feature. Please use at your own discretion and risk.
- Please actively monitor your account status and evaluate the risk level of your account. It is strongly recommended that users add margin or reduce their positions to avoid liquidation before the account margin balance drops to the maintenance margin level.
- Futures trading carries a substantial risk and the possibility of both significant profits and losses. Past gains are not indicative of future returns. All of your margin balance may be liquidated in the event of extreme price movement. The information here should not be regarded as financial or investment advice from Binance. All trading strategies are used at your discretion and your own risk. Binance will not be liable to you for any loss that might arise from your use of Futures.
Maintenance Margin Ratio Update - Effective time 2021-04-13 9:00 AM (UTC)
EOSUSD Perpetual
Leverage | Position Before Change (Notional Value in EOS) | Position After Change (Notional Value in EOS) | Maintenance Margin Rate (After Change) | Initial Margin |
11x-20x | Position ≤ 50,000 | Position ≤ 10,000 | 2.50% | 5.00% |
8x-10x | 50,000 < Position ≤ 100,000 | 10,000 < Position ≤ 50,000 | 4.90% | 10.00% |
7x | 100,000 < Position ≤ 200,000 | 50,000 < Position ≤ 100,000 | 5.00% | 14.29% |
6x | 200,000 < Position ≤ 500,000 | 100,000 < Position ≤ 150,000 | 5.00% | 16.67% |
5x | 500,000 < Position ≤ 1,000,000 | 150,000 < Position ≤ 200,000 | 10.00% | 20.00% |
4x | 1,000,000 < Position ≤ 1,500,000 | 200,000 < Position ≤ 250,000 | 12.50% | 25.00% |
3x | 1,500,000 < Position ≤ 2,000,000 | 250,000 < Position ≤ 500,000 | 15.00% | 33.33% |
2x | Position > 2,000,000 | Position > 500,000 | 25.00% | 50.00% |
1x | Position > 2,000,000 | Position > 500,000 | 25.00% | 100.00% |
BNBUSD Perpetual, BNBUSD Quarterly 0924, BNBUSD Quarterly 0625
Leverage | Position Before Change (Notional Value in BNB) | Position After Change (Notional Value in BNB) | Maintenance Margin Rate (After Change) | Initial Margin |
| 11x-20x | Position ≤ 4,000 | Position ≤ 2,000 | 2.50% | 5.00% |
| 8x-10x | 4,000 < Position ≤ 8,000 | 2,000 < Position ≤ 4,000 | 4.90% | 10.00% |
| 7x | 8,000 < Position ≤ 20,000 | 4,000 < Position ≤ 10,000 | 5.00% | 14.29% |
| 6x | 20,000 < Position ≤ 40,000 | 10,000 < Position ≤ 20,000 | 5.00% | 16.67% |
| 5x | 40,000 < Position ≤ 80,000 | 20,000 < Position ≤ 40,000 | 10.00% | 20.00% |
| 4x | 80,000 < Position ≤ 120,000 | 40,000 < Position ≤ 60,000 | 12.50% | 25.00% |
| 3x | 120,000 < Position ≤ 200,000 | 60,000 < Position ≤ 100,000 | 15.00% | 33.33% |
| 2x | Position > 200,000 | Position > 100,000 | 25.00% | 50.00% |
| 1x | Position > 200,000 | Position > 100,000 | 25.00% | 100.00% |
EGLDUSD Perpetual
Leverage | Position Before Change (Notional Value in EGLD) | Position After Change (Notional Value in EGLD) | Maintenance Margin Rate (After Change) | Initial Margin |
11x-20x | Position ≤ 10,000 | Position ≤ 500 | 2.50% | 5.00% |
7x-10x | 10,000 < Position ≤ 20,000 | 500 < Position ≤ 1,000 | 5.00% | 10.00% |
6x | 20,000 < Position ≤ 50,000 | 1,000 < Position ≤ 2,000 | 5.00% | 16.67% |
5x | 50,000 < Position ≤ 100,000 | 2,000 < Position ≤ 4,000 | 10.00% | 20.00% |
4x | 100,000 < Position ≤ 150,000 | 4,000 < Position ≤ 8,000 | 12.50% | 25.00% |
3x | 150,000 < Position ≤ 200,000 | 8,000 < Position ≤ 10,000 | 15.00% | 33.33% |
2x | Position > 200,000 | Position > 10,000 | 25.00% | 50.00% |
1x | Position > 200,000 | Position > 10,000 | 25.00% | 100.00% |
| Level | Maintenance Margin Ratio（After Adjustment） | FILUSD Perpetual Position (Notional Value in FIL) |
| 1 | 2.50% | Position ≤ 5,000 |
| 2 | 5.00% | 5,000 < Position ≤ 10,000 |
| 3 | 5.00% | 10,000 < Position ≤ 15,000 |
| 4 | 10.00% | 15,000 < Position≤ 20,000 |
| 5 | 12.50% | 20,000 < Position ≤ 25,000 |
| 6 | 15.00% | 25,000 < Position≤ 30,000 |
| 7 | 25.00% | Position > 30,000 |
| Level | Maintenance Margin Ratio（Before Adjustment） | Maintenance Margin Ratio（After Adjustment） | ETCUSD Perpetual Position (Notional Value in ETC) | TRXUSD Perpetual Position (Notional Value in TRX) | LTCUSD Perpetual, LTCUSD Quarterly 0924, LTCUSD Quarterly 0625 Position (Notional Value in LTC) | ADAUSD Perpetual, ADAUSD Quarterly 0924, ADAUSD Quarterly 0625 Position (Notional Value in ADA) | XRPUSD Perpetual, XRPUSD Quarterly 0924, XRPUSD Quarterly 0625 Position (Notional Value in XRP) | LINKUSD Perpetual, LINKUSD Quarterly 0924, LINKUSD Quarterly 0625 Position (Notional Value in LINK) | DOTUSD Perpetual, DOTUSD Quarterly 0924, DOTUSD Quarterly 0625 Position (Notional Value in DOT) | BCHUSD Perpetual, BCHUSD Quarterly 0924, BCHUSD Quarterly 0625 Position (Notional Value in BCH) |
| 1 | 2.45% | 2.50% | Position ≤ 50,000 | Position ≤ 5,000,000 | Position ≤ 5,000 | Position ≤ 500,000 | Position ≤ 500,000 | Position ≤ 10,000 | Position ≤ 25,000 | Position ≤ 500 |
| 2 | 4.60% | 4.90% | 50,000 < Position ≤ 100,000 | 5,000,000 < Position ≤ 10,000,000 | 5,000 < Position ≤ 10,000 | 500,000 < Position ≤ 1,000,000 | 500,000 < Position ≤ 1,000,000 | 10,000 < Position ≤ 20,000 | 25,000 < Position ≤ 50,000 | 500 < Position ≤ 1,000 |
| 3 | 5.00% | 5.00% | 100,000 < Position ≤ 200,000 | 10,000,000 < Position ≤ 20,000,000 | 10,000 < Position ≤ 20,000 | 1,000,000 < Position ≤ 2,000,000 | 1,000,000 < Position ≤ 1,500,000 | 20,000 < Position ≤ 40,000 | 50,000 < Position ≤ 100,000 | 1,000 < Position ≤ 1,500 |
| 4 | 5.00% | 5.00% | 200,000 < Position ≤ 500,000 | 20,000,000 < Position ≤ 50,000,000 | 20,000 < Position ≤ 50,000 | 2,000,000 < Position ≤ 4,000,000 | 1,500,000 < Position ≤ 2,000,000 | 40,000 < Position ≤ 60,000 | 100,000 < Position ≤ 150,000 | 1,500 < Position ≤ 2,000 |
| 5 | 10.00% | 10.00% | 500,000 < Position ≤ 1,000,000 | 50,000,000 < Position ≤ 100,000,000 | 50,000 < Position ≤ 100,000 | 4,000,000 < Position ≤ 8,000,000 | 2,000,000 < Position ≤ 3,000,000 | 60,000 < Position ≤ 80,000 | 150,000 < Position ≤ 200,000 | 2,000 < Position ≤ 2,500 |
| 6 | 12.50% | 12.50% | 1,000,000 < Position ≤ 1,500,000 | 100,000,000 < Position ≤ 200,000,000 | 100,000 < Position ≤ 150,000 | 8,000,000 < Position ≤ 14,000,000 | 3,000,000 < Position ≤ 5,000,000 | 80,000 < Position ≤ 100,000 | 200,000 < Position ≤ 300,000 | 2,500 < Position ≤ 3,000 |
| 7 | 15.00% | 15.00% | 1,500,000 < Position ≤ 2,000,000 | 200,000,000 < Position ≤ 300,000,000 | 150,000 < Position ≤ 200,000 | 14,000,000 < Position ≤ 20,000,000 | 5,000,000 < Position ≤ 10,000,000 | 100,000 < Position ≤ 150,000 | 300,000 < Position ≤ 500,000 | 3,000 < Position ≤ 5,000 |
| 8 | 25.00% | 25.00% | Position > 2,000,000 | Position > 300,000,000 | Position > 200,000 | Position > 20,000,000 | Position > 10,000,000 | Position > 150,000 | Position > 500,000 | Position > 5,000 |
| Level | Maintenance Margin Ratio（Before Adjustment） | Maintenance Margin Ratio（After Adjustment） | BTCUSD Quarterly 0625 Position (Notional Value in BTC) |
| 1 | 0.80% | 0.90% | Position ≤ 10 |
| 2 | 0.90% | 1.00% | 10 < Position ≤ 20 |
| 3 | 1.80% | 2.00% | 20 < Position ≤ 30 |
| 4 | 2.50% | 2.50% | 30 < Position ≤ 50 |
| 5 | 5.00% | 5.00% | 50 < Position ≤ 100 |
| 6 | 10.00% | 10.00% | 100 < Position ≤ 200 |
| 7 | 12.50% | 12.50% | 200 < Position ≤ 400 |
| 8 | 15.00% | 15.00% | 400 < Position ≤ 1,000 |
| 9 | 25.00% | 25.00% | 1,000 < Position ≤ 1,500 |
| 10 | 41.00% | 45.00% | Position > 1,500 |
| Level | Maintenance Margin Ratio（Before Adjustment） | Maintenance Margin Ratio（After Adjustment） | ETHUSD Quarterly 0625 Position (Notional Value in ETH) |
| 1 | 0.90% | 1.00% | Position ≤ 100 |
| 2 | 1.05% | 1.15% | 100 < Position ≤ 500 |
| 3 | 1.80% | 2.00% | 500 < Position ≤ 1,000 |
| 4 | 2.50% | 2.50% | 1,000 < Position ≤ 2,000 |
| 5 | 5.00% | 5.00% | 2,000 < Position ≤ 4,000 |
| 6 | 10.00% | 10.00% | 4,000 < Position ≤ 6,000 |
| 7 | 12.50% | 12.50% | 6,000 < Position ≤ 8,000 |
| 8 | 15.00% | 15.00% | 8,000 < Position ≤ 10,000 |
| 9 | 25.00% | 25.00% | 10,000 < Position ≤ 15,000 |
| 10 | 41.00% | 45.00% | Position > 15,000 |
Initial Margin Rate
On Binance Futures, traders can trade with leverage between 20-125x on our COIN-M futures contracts. The maximum amount of leverage available for users depends on the notional value of their position. Generally, the larger the position, the lower the leverage allowed. Thus, initial margin deposits are calculated using the leverage selected by the trader.
Note: In Cross Margin Mode, the margin can only be shared of same type of asset. Example: In Cross Margin Mode, all BTC in the COIN-M Futures wallet can be used for all BTC based contracts (including perpetual and delivery).
Initial Margin Rate = 1 / Leverage
BTCUSD Perpetual Contracts | ||
| Leverage | Initial Margin Rate | BTCUSD Position (Notional Value in BTC) |
| 125x | 0.8% | Max Position 10 |
| 100x | 1.0% | Max Position 20 |
| 50x | 2.0% | Max Position 30 |
| 20x | 5.0% | Max Position 50 |
| 10x | 10.0% | Max Position 100 |
| 5x | 20.0% | Max Position 200 |
| 4x | 25.0% | Max Position 400 |
| 3x | 33.3% | Max Position 1,000 |
| 2x | 50.0% | Above 1,000 |
| 1x | 100.0% | Above 1,000 |
| BTCUSD Quarterly 0625 Contracts | ||
| Leverage | Initial Margin Rate | BTCUSD Position (Notional Value in BTC) |
| 50x | 2.00% | Max Position 10 |
| 30x | 3.33% | Max Position 20 |
| 25x | 4.00% | Max Position 30 |
| 20x | 5.00% | Max Position 50 |
| 10x | 10.00% | Max Position 100 |
| 5x | 20.00% | Max Position 200 |
| 4x | 25.00% | Max Position 400 |
| 3x | 33.33% | Max Position 1,000 |
| 2x | 50.00% | Above 1,000 |
| 1x | 100.0% | Above 1,000 |
| BTCUSD Quarterly 0924 Contracts | ||
| Leverage | Initial Margin Rate | BTCUSD Position (Notional Value in BTC) |
| 50x | 4.00% | Max Position 10 |
| 20x | 5.00% | Max Position 30 |
| 10x | 10.00% | Max Position 50 |
| 5x | 20.00% | Max Position 100 |
| 4x | 25.00% | Max Position 200 |
| 3x | 33.33% | Max Position 500 |
| 2x | 50.00% | Max Position 1,000 |
| 1x | 100.00% | Above 1,000 |
ETHUSD Perpetual Contracts | ||
| Leverage | Initial Margin Rate | ETHUSD Position (Notional Value in ETH) |
| 100x | 1% | Max Position 100 |
| 75x | 1.30% | Max Position 500 |
| 50x | 2% | Max Position 1,000 |
| 20x | 5% | Max Position 2,000 |
| 10x | 10% | Max Position 4,000 |
| 5x | 20% | Max Position 6,000 |
| 4x | 25% | Max Position 8,000 |
| 3x | 33% | Max Position 10,000 |
| 2x | 50% | Above 10,000 |
| 1x | 100% | Above 10,000 |
ETHUSD Quarterly 0625 Contracts | ||
| Leverage | Initial Margin Rate | ETHUSD Position (Notional Value in ETH) |
| 50x | 2.00% | Max Position 100 |
| 30x | 3.33% | Max Position 500 |
| 25x | 4.00% | Max Position 1,000 |
| 20x | 5.00% | Max Position 2,000 |
| 10x | 10.00% | Max Position 4,000 |
| 5x | 20.00% | Max Position 6,000 |
| 4x | 25.00% | Max Position 8,000 |
| 3x | 33.33% | Max Position 10,000 |
| 2x | 50.00% | Above 10,000 |
| 1x | 100.00% | Above 10,000 |
| ETHUSD Quarterly 0924 Contracts | ||
| Leverage | Initial Margin Rate | BTCUSD Position (Notional Value in BTC) |
| 50x | 4.00% | Max Position 100 |
| 20x | 5.00% | Max Position 500 |
| 10x | 10.00% | Max Position 1,000 |
| 5x | 20.00% | Max Position 2,000 |
| 4x | 25.00% | Max Position 4,000 |
| 3x | 33.33% | Max Position 6,000 |
| 2x | 50.00% | Max Position 10,000 |
| 1x | 100.00% | Above 10,000 |
| FILUSD Perpetual | ||
| Leverage | Position (Notional Value in FIL) | Initial margin |
| 20x | Position ≤ 5,000 | 5.0% |
| 10x | 5,000 < Position ≤ 10,000 | 10.0% |
| 7x | 10,000 < Position ≤ 15,000 | 14.3% |
| 6x | 15,000 < Position≤ 20,000 | 16.7% |
| 5x | 20,000 < Position ≤ 25,000 | 20.0% |
| 4x | 25,000 < Position≤ 30,000 | 25.0% |
| 3x | Position > 30,000 | 33.3% |
| 2x | Position ≤ 5,000 | 50.0% |
| 1x | 5,000 < Position ≤ 10,000 | 100.0% |
| LINKUSD Perpetual， LINKUSD Quarterly 0924，LINKUSD Quarterly 0625 | ||
| Leverage | Position (Notional Value in LINK) | Initial margin |
| 20x | Position ≤ 10,000 | 5.0% |
| 10x | 10,000 < Position ≤ 20,000 | 10.0% |
| 7x | 20,000 < Position ≤ 40,000 | 14.3% |
| 6x | 40,000 < Position ≤ 60,000 | 16.7% |
| 5x | 60,000 < Position ≤ 80,000 | 20.0% |
| 4x | 80,000 < Position ≤ 100,000 | 25.0% |
| 3x | 100,000 < Position ≤ 150,000 | 33.3% |
| 2x | Position > 150,000 | 50.0% |
| 1x | Position > 150,000 | 100.0% |
| XRPUSD Perpetual， XRPUSD Quarterly 0924，XRPUSD Quarterly 0625 | ||
| Leverage | Position (Notional Value in XRP) | Initial margin |
| 20x | Position ≤ 500,000 | 5.0% |
| 10x | 500,000 < Position ≤ 1,000,000 | 10.0% |
| 7x | 1,000,000 < Position ≤ 1,500,000 | 14.3% |
| 6x | 1,500,000 < Position ≤ 2,000,000 | 16.7% |
| 5x | 2,000,000 < Position ≤ 3,000,000 | 20.0% |
| 4x | 3,000,000 < Position ≤ 5,000,000 | 25.0% |
| 3x | 5,000,000 < Position ≤ 10,000,000 | 33.3% |
| 2x | Position > 10,000,000 | 50.0% |
| 1x | Position > 10,000,000 | 100.0% |
20x COIN-M Futures Contracts | ||||||||
| Leverage | Initial Margin Rate | ADAUSD Position (Notional Value in ADA) | BNBUSD Position (Notional Value in BNB) | DOTUSD Position (Notional Value in DOT) | TRXUSD Position (Notional Value in TRX) | LTCUSD Position (Notional Value in LTC) | BCHUSD Position (Notional Value in BCH) | ETCUSD Position (Notional Value in ETC) |
| Max Position | ||||||||
| 20x | 5.0% | 500,000 | 4,000 | 50,000 | 5,000,000 | 5,000 | 1,000 | 50,000 |
| 10x | 10.0% | 1,000,000 | 8,000 | 100,000 | 10,000,000 | 10,000 | 2,000 | 100,000 |
| 7x | 14.3% | 2,000,000 | 20,000 | 200,000 | 20,000,000 | 20,000 | 4,000 | 200,000 |
| 6x | 16.7% | 4,000,000 | 40,000 | 500,000 | 50,000,000 | 50,000 | 10,000 | 500,000 |
| 5x | 20.0% | 8,000,000 | 80,000 | 1,000,000 | 100,000,000 | 100,000 | 20,000 | 1,000,000 |
| 4x | 25.0% | 14,000,000 | 120,000 | 1,500,000 | 200,000,000 | 150,000 | 30,000 | 1,500,000 |
| 3x | 33.3% | 20,000,000 | 200,000 | 2,000,000 | 300,000,000 | 200,000 | 40,000 | 2,000,000 |
| 2x | 50.0% | Above 20,000,000 | Above 200,000 | Above 2,000,000 | Above 300,000,000 | Above 200,000 | Above 40,000 | Above 2,000,000 |
| 1x | 100.0% | Above 20,000,000 | Above 200,000 | Above 2,000,000 | Above 300,000,000 | Above 200,000 | Above 40,000 | Above 2,000,000 |
25x COIN-M Futures Contracts | ||
| Leverage | Initial Margin Rate | DOGEUSD Position (Notional Value in DOGE) |
| Max Position | ||
| 25x | 4.0% | 1,000,000 |
| 20x | 5.0% | 5,000,000 |
| 10x | 10.0% | 25,000,000 |
| 5x | 20.0% | 50,000,000 |
| 4x | 25.0% | 100,000,000 |
| 2x | 50.0% | 200,000,000 |
| 1x | 100.0% | Above 200,000,000 |
25x COIN-M Futures Contracts : DOGEUSD
20x COIN-M Futures Contracts | |||
| Leverage | Initial Margin Rate | UNIUSD Position (Notional Value in UNI) | THETAUSD Position (Notional Value in THETA) |
| Max Position | Max Position | ||
| 20x | 5.0% | 10,000 | 10,000 |
| 10x | 10.0% | 20,000 | 20,000 |
| 5x | 20.0% | 30,000 | 30,000 |
| 4x | 25.0% | 50,000 | 50,000 |
| 3x | 33.33% | 80,000 | 80,000 |
| 2x | 50.0% | 100,000 | 100,000 |
| 1x | 100.0% | Above 100,000 | Above 100,000 |
20x COIN-M Futures Contracts : UNIUSD, THETAUSD, XLMUSD
Note that the trader will first select his leverage (and fulfill its initial margin requirement), and then will open his positions. If the trader makes no selection on leverage, it will be set at 20x by default. The higher the leverage, the smaller the notional size the trader will have access to. The lower the leverage, the higher the notional size the trader can open.
The system will display the maximum allowable position size at different tiers of leverage as shown below.
Maintenance Margin Rate
Maintenance margin calculations are done via a “Tax Bracket” setup. This means that the maintenance margin is always calculated the same way, regardless of what leverage the trader selects. Moving from one bracket to another will not cause the earlier bracket to change its leverage. Again, as noted earlier, it is highly recommended for the trader to liquidate positions before the collateral falls below the Maintenance Margin to avoid auto-liquidation.
BTCUSD Perpetual | ||
| Level | Maintenance Margin Rate | Position Bracket (Notional Value in BTC) |
| 1 | 0.40% | 0 - 10 |
| 2 | 0.50% | 10 - 20 |
| 3 | 1.00% | 20 - 30 |
| 4 | 2.50% | 30 - 50 |
| 5 | 5.00% | 50 - 100 |
| 6 | 10.00% | 100 - 200 |
| 7 | 12.50% | 200 - 400 |
| 8 | 15.00% | 400 - 1,000 |
| 9 | 25.00% | Above 1,000 |
BTCUSD Quarterly 0924 Contracts | ||
| Level | Maintenance Margin Rate | Position Bracket (Notional Value in BTC) |
| 1 | 1.00% | 0 - 10 |
| 2 | 2.50% | 10 - 30 |
| 3 | 5.00% | 30 - 50 |
| 4 | 10.00% | 50 - 100 |
| 5 | 12.50% | 100 - 200 |
| 6 | 15.00% | 200 - 500 |
| 7 | 25.00% | 500 - 1,000 |
| 8 | 50.00% | Above 1,000 |
ETHUSD Perpetual | ||
| Level | Maintenance Margin Rate | Position Bracket (Notional Value in ETH) |
| 1 | 0.50% | 0 - 100 |
| 2 | 0.65% | 100 - 500 |
| 3 | 1.00% | 500 - 1,000 |
| 4 | 2.50% | 1,000 - 2,000 |
| 5 | 5.00% | 2,000 - 4,000 |
| 6 | 10.00% | 4,000 - 6,000 |
| 7 | 12.50% | 6,000 - 8,000 |
| 8 | 15.00% | 8000 - 10,000 |
| 9 | 25.00% | Above 10,000 |
ETHUSD Quarterly 0924 Contracts | ||
| Level | Maintenance Margin Rate | Position Bracket (Notional Value in ETH) |
| 1 | 1.00% | 0 - 100 |
| 2 | 2.50% | 100 - 500 |
| 3 | 5.00% | 500 - 1,000 |
| 4 | 10.00% | 1,000 - 2,000 |
| 5 | 12.50% | 2,000 - 4,000 |
| 6 | 15.00% | 4,000 - 6,000 |
| 7 | 25.00% | 6,000 - 10,000 |
| 8 | 50.00% | Above 10,000 |
25x COIN-M Futures Contracts | ||
| Level | Maintenance Margin Rate | DOGEUSD Position (Notional Value in DOGE) |
| Max Position | ||
| 1 | 1.20% | 1,000,000 |
| 2 | 2.50% | 5,000,000 |
| 3 | 5.00% | 25,000,000 |
| 4 | 10.00% | 50,000,000 |
| 5 | 12.50% | 100,000,000 |
| 6 | 25.0% | 200,000,000 |
| 7 | 50.0% | Above 200,000,000 |
25x COIN-M Futures Contracts : DOGEUSD
20x COIN-M Futures Contracts | |||
| Level | Maintenance Margin Rate | UNIUSD Position (Notional Value in UNI) | THETAUSD Position (Notional Value in THETA) |
| Max Position | Max Position | ||
| 1 | 2.50% | 10,000 | 10,000 |
| 2 | 5.00% | 20,000 | 20,000 |
| 3 | 10.00% | 30,000 | 30,000 |
| 4 | 12.50% | 50,000 | 50,000 |
| 5 | 15.00% | 80,000 | 80,000 |
| 6 | 25.00% | 100,000 | 100,000 |
| 7 | 50.00% | Above 100,000 | Above 100,000 |
20x COIN-M Futures Contracts :UNIUSD, THETAUSD, XLMUSD
Cost Required to Open a Position
Traders should ensure that they have a minimum fund in their wallet balance before opening a position. The cost required to open a position includes the initial margin and open loss (if any). Open loss occurs when the order price is unfavourable to the traders i.e. mark price is lower than the order price for a long order. Binance includes open loss as one of the costs required to open a position to avoid forced liquidation when the traders place the order. If open loss is not counted, there is a high probability that users’ position will get liquidated immediately once they have placed such order.
Cost = Initial Margin + Open Loss (if any)
Step 1: Calculate initial margin
Initial Margin
= Notional Value / Leverage Level
= [ (10*100 USD) / 9,800 USD ] / 20
= 0.0051 BTC
Step 2: Calculate Open Loss
Open Loss = Number of Contract x Contract Multiplier x Absolute Value {min[0, direction of order x (1 / order price - 1 /mark price)]}
*direction of order: 1 for long order；-1 for short order
Open loss of long order
= 10 x 100 USD x Absolute Value {min[0, 1 x (1 / 9,800 USD - 1 / 9,602.6 USD)]}
= 0.002097646 BTC
Open loss of short order
= 10 x 100 USD x Absolute Value {min[0, 1 x (1 / 9,800 USD - 1 / 9,602.6 USD)]}
= 0
Step 3: Calculate the cost required to open a position
Since the long order has open loss, thus the cost required to open a long position is higher as we need to take open loss into consideration besides the initial margin.
Cost Required to Open a Long Position
= 0.0051 BTC + 0.002096562 BTC
= 0.0072 BTC (difference due to rounding off)
Short order has no open loss, thus the cost required to open a short position is equivalent to the initial margin.
Cost Required to Open a Short Position
= 0.0051 BTC + 0 = 0.0051 BTC