Users can trade Perpetual and Futures Contracts with up to 100x leverage.
The maximum amount of leverage permitted decreases as your total exposure
(open positions and open orders) increases. Margin Rate is the reciprocal of your
leverage.
The Margin Rate used to determine the Initial Margin requirement depends on a
number of parameters:
Margin Rate (MR) = min {1 , max ( 1/MAL , 1/MPL , UMR × | √Position Quantity | )}
Risk Parameters | Definition |
Maximum Account Leverage (MAL) | The account leverage is set by User at the account level.The maximum MAL permitted on Crypto.com Exchange is 100x. See below section for more information. |
Maximum Product Leverage (MPL) | The maximum leverage permitted for a given instrument. Please refer to contract specifications in FAQ for the maximum product leverage permitted for each. |
Unit Margin Rate (UMR) | This is a value that defines the increasing change of the Margin Rate in proportion to the Position Size increase. This value is specific to the instrument underlier, and is reviewed periodically based on market conditions. |
Position Quantity | Sum of all Position Quantities for the given instrument. Positions are netted by the same underlying and maturity. Margin is only required to cover the long or short side with the larger directional risk exposure for the same underlier asset. |
Maximum Account Leverage
Adjusting your Maximum Account Leverage
In Master Account, the maximum leverage allowed is 20x when there are active sub-account(s) with derivative trading enabled. You cannot increase account leverage beyond 20x unless you disable derivative trading on the sub-accounts.Similarly if this is the first time you would like to create sub-account(s) with derivative trading, you will need to reduce the master account leverage to 20x or below first.
The Maximum Account Leverage is adjustable as long as your account has enough balance to meet the new margin requirement. The margin for open orders and open positions will be updated to reflect the new margin requirements. You can adjust it from the Trade [Pro] trading page. When a derivative instrument is selected, the selection slider can be found below the Buy and Sell buttons in the order box.
Exposure Limit
Overall exposure limit applies when account leverage is set to greater than 20x.
Users will not be able to submit orders that increase the exposure if the limit has
been reached.
Maximum Account Leverage | Exposure Limit |
1x | No Limit* |
3x | No Limit* |
5x | No Limit* |
10x | No Limit* |
20x | No Limit* |
50x | 3,000,000 |
100x | 3,000,000 |
*Subject to the Crypto.com Exchange technical analysis and risk management policies.
Examples of Margin Rate Determination
The permitted final maximum leverage decreases (margin rate increases) as the total exposure from open positions and open orders increases. Below we will illustrate how the margin rate can be determined:
Margin Rate (MR) = min { 1 , max (1MAL , 1MPL , UMR × | √Position Quantity |)}
BTCUSD-PERP
MAL = assume user has set the maximum permitted 100x
MPL = 100
UMR* = 0.004
The margin rate is as follows as the position increases
Position Quantity | Margin Rate |
1 | 1% |
10 | 1% |
100 | 4% |
1,000 | 13% |
10,000 | 40% |
100,000 | 100% |
1,000,000 | 100% |
10,000,000 | 100% |
100,000,000 | 100% |
1,000,000,000 | 100% |
ETHUSD-PERP
MAL = assume user has set the maximum permitted 100x
MPL = 100
UMR* = 0.0025
The margin rate is as follows as the position increases
Position Quantity | Margin Rate |
1 | 1% |
10 | 1% |
100 | 3% |
1,000 | 8% |
10,000 | 25% |
100,000 | 79% |
1,000,000 | 100% |
10,000,000 | 100% |
100,000,000 | 100% |
1,000,000,000 | 100% |
SOLUSD-PERP
MAL = assume user has set the maximum permitted 100x
MPL = 50
UMR* = 0.0025
The margin rate is as follows as the position increases
Position Quantity | Margin Rate |
1 | 2% |
10 | 2% |
100 | 3% |
1,000 | 8% |
10,000 | 25% |
100,000 | 79% |
1,000,000 | 100% |
10,000,000 | 100% |
100,000,000 | 100% |
1,000,000,000 | 100% |
*The UMR value is specific to the instrument underlier, and is regularly reviewed based on market conditions.