1. Navigate to the trading interface by clicking the Trade [Pro] section in the main navigation bar. You will see a box section called Wallet Balances. The description of each field is as follows:

Wallet Balance

Deposits - Withdrawals + Realized PnL - Fees.

At the end of every trading session, profit and loss is realized automatically using the prevailing Mark Price and added to the Wallet Balance. Any Funding Payments from open Perpetual contracts will also be added to or subtracted from the Wallet Balance.

See Funding and session settlement for further details.

Unrealized PnL

Unrealized PnL = (Mark Price - Last Session Settlement Price) x Position Quantity

Unrealized profit and loss from your open positions before the next 1-hour session settlement.

Available Margin

Available Margin = Margin Balance - Initial Margin

The Margin Balance you have available to open any new Positions and Orders.

Margin Balance

Margin Balance = Collateral Balance + Unrealised PnL

The USD value you possess to support all Open Positions and any Open Orders in your Wallet.

Initial Margin

The Margin Balance you have used and is required to maintain support of all your Open Position and Open Orders in Wallet [Pro]. Applicable Fees, the Initial Margin rate required for the instrument and underlier, and the Order value are relevant, among other things, to ascertain the Initial Margin.


If the Available Margin 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

The Margin Balance required to keep position(s) opened and avoid Liquidation. Maintenance Margin = 0.5 x Initial Margin

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 actual leverage of position(s) against the Wallet’s entire Margin balance. Effective Leverage = Total Position Value / Margin Balance

Exposure Limit

The maximum exposure permitted for derivatives trading is based on the maximum account leverage specified by the user. 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 useful terms:

Collateral Weight

A Weighted Adjustment Factor applied to Collateral Assets for its Collateral Value. The Collateral Weight is specific to each Spot Asset.

See Margin and Collateral Balance Management for further information

Collateral Haircut

The collateral weight adjusted balance deducted to your Eligible Collateral Balance for the Collateral Balance

Collateral Haircut = ∑ Eligible Collateral Asset Value x (1- Collateral Weight)

* if Eligible Collateral Asset Value < 0, then Collateral Weight = 1)

Eligible

Collateral Balance

The USD value of all Spot Assets which have Collateral Weight greater than 0.

The USD value of all Spot Assets that are eligible as Collateral adjusted by their respective Collateral Weight.

Collateral Balance = Wallet Balance - Non-eligible Collateral Balance - Collateral Haircut

Non-eligible

Collateral Balance

The USD value of all Spot Assets which have Collateral Weight equal to 0

Withdrawable Balance

The balance (USD value) that you can withdraw from your Wallet.

This 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.

Position Panel Terms:

Instrument

Instrument ID of the specific Derivative Contract

Value

Position Value = Mark Price x Quantity

Quantity

Position Quantity = Number of Contracts for the given Position

Average Price

Average entry price of the entire Position

Mark Price

Mark Price is used to calculate Position Value, Margin Details and PnL. In order to prevent unfair and unnecessary liquidations, this price may differ from the Last Traded price and the Index Price.

Perpetuals Mark Price Calculation here

Futures Mark Price Calculation here

Est. Liq. Price

The estimated price for when your Wallet will undergo liquidation. It is calculated based on your positions and the Mark Price. This value is a soft indication and may not apply to all trading strategy scenarios.

If there are open positions with offsetting delta (direction), there will not be an Est. Liq Price displayed.

We recommend Users to refer to their Wallet’s Margin Balance, Initial Margin and Maintenance Margin for robust risk management.

PNL (ROI%)

Estimated profit and loss since the position is opened. Return on investment in percentage term and is only applicable for Perpetuals and Futures

PNL = (Mark Price - Average Price) x Position Quantity

ROI% = PNL / Position Initial Margin

Session UPL

Profit and loss from open positions for the current trading session. At the end of every trading session, profit and loss is realized using the prevailing Mark Price and added to the Wallet Balance.

Session RPL

Profit and loss that has been realized by closing a position during the current trading session. It is immediately added to the Wallet Balance.

2. When you create a Limit Order yet to be filled, your Available Margin 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 Margin 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 derivatives 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 could drop below the Initial Margin and/or Maintenance Margin. See Initial Margin notifications and Forced Liquidation article for further details.

4. You can also view a summary clicking the Wallets dropdown from the trading interface menu bar > select Wallet [Pro]

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