1. Navigate to the trading interface by clicking the Derivatives section in the main navigation bar. You will see a section called Margin where you will find your balance. You can find the description of each field below:

Wallet Balance

Deposits - Withdrawals + Realized PnL - Fees.

At the end of every trading session (called the Funding Payment Time), profit and loss is realized (through the making of a Funding Payment) using the prevailing Mark Price. The Funding Payment is added to or subtracted from the Wallet Balance.

See Funding and session settlement for further details.

Available Balance

Margin Balance - Initial Margin.

The balance is available as a margin to initiate new orders and positions.

The Available Balance is what is left after the Margin Balance is subtracted by the Initial Margin.

Withdrawable Balance

Balance that you can withdraw from your Derivative Wallet to your Spot Wallet.

The Withdrawable Balance does not include Realized PnL unless the open position related to such Realized PnL has been settled and after the deduction of Applicable Fees relating to the closing of such open positions.

Margin Balance

Wallet Balance + Unrealized PnL.

Unrealized PnL

Current unrealized profit and loss from your open positions. It is calculated with the Mark Price and the Avg. Price.


Unrealized PnL = Mark Price - Average Price * Position Quantity

Initial Margin

The balance you are required to maintain in your Derivatives Wallet for all open positions and open orders. Applicable Fees, the Initial Margin rate required for your position, and the Order value are relevant, among other things, to ascertain the Initial Margin.


If the Available Balance is less than zero (that is, Margin Balance < Initial Margin), all open Orders that will increase the position will be automatically canceled. Open Orders that reduce the position can still be placed. See Initial Margin notifications and Forced Liquidation article for further details.

Maintenance Margin

Margin required to keep the position open and avoid Forced Liquidation.

If Margin Balance < Maintenance Margin, Forced Liquidation will occur. Open positions will be incrementally liquidated until the Margin Balance is greater than the Initial Margin.

See Initial Margin notifications and Forced Liquidation article for further details.

Effective Leverage

Effective Leverage shows the user the actual leverage of the position against the user’s entire wallet balance. The formula for effective leverage is:

Total Position Value ÷ Margin Balance

Exposure Limit

Exposure limit shows a user their utilized exposure limit against the maximum permitted account exposure. For most users, the max exposure limit is set at USD 3,000,000.

The user’s exposure is calculated as:

Position Value x Exposure Limit Weight*

*The exposure limit weight varies depending on the underlying traded, can refer to the individual contract specifications for further details

Other terms you may find on the trading interface page:

Average Price

The average price of the trades that make up the open position. The average Price is reset at the end of every 8-hour trading session.

PNL (ROI%)

The total profit and loss since the position have been open.

Session UPL

Session’s unrealized profit and loss.

This is profit or loss with the current open position. This will change depending on your position size, the Average Price of the position, and the changing Mark Price.

This will be reset to 0 after the 8-hour trading session.

Session unrealized profit and loss = Mark Price - Average Price * Position Size

Session RPL

The session’s realized profit and loss.

This is profit or loss that you have secured by closing or reducing your open position. The price at which you close your position will be used to calculate the realized profit and loss.

This will be reset to 0 after the 8-hour trading session.

Session realized profit and loss = Executed Price - Average Price * Position Size

2. When you create a Limit Order yet to be filled, your Available Balance, Withdrawal Balance, and Initial Margin will be updated accordingly.

The Initial Margin is the balance required for all open positions and open orders. Fees, the Initial Margin rate required for your position, and the order Value are taken into consideration.

The Available Balance is what is left after the Margin Balance is subtracted by the Initial Margin. There are fewer funds available now to increase or decrease the position.

3. When a Limit Order or Market Order is filled, you can see the position details under the Positions tab. You can monitor how your position is doing by observing the PNL, and your Margin Balance relative to the Initial Margin and the Maintenance Margin.

It is important to monitor your balances and open positions closely because as the Mark Price changes, all balances will be updated. This may mean that your Margin Balance drops below the Initial Margin and/or Maintenance Margin.

4. You can also view a summary via the Derivatives Wallet summary page by clicking the Wallets dropdown from the trading interface.

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