Margin Terms & Definitions

06 July 2024 17:08
Updated

Term	Definition
Wallet Balance	The sum of deposited and withdrawn cryptocurrency (both completed and pending), and realised profit or loss. They are calculated separately for each relevant cryptocurrency. Wallet Balance = Deposits - Withdrawals + Realised PNL
Unrealised PNL	All the unrealised profit or loss coming from your portfolio's open positions. You convert unrealised PNL into realised PNL by closing out a position. Please note that this value is calculated against the Mark price. Unrealised PNL = Number of lots * Multiplier * (100/Average Entry Price - 100/Exit Price)
Margin Balance	Your total equity held with the exchange Margin Balance = Wallet Balance + Unrealised PNL
Position Margin	The amount of margin that is allocated to open positions. It is calculated as the entry value of all the contracts you hold, divided by the selected leverage, plus unrealised profit and loss. Position Margin (Cross) = Entry Value/Leverage Position Margin (Isolated) = Entry Value/Leverage + Unrealised PNL
Order Margin	The minimum amount of equity required to retain your open orders. It is calculated as the value of all open orders divided by the selected leverage. Order Margin = Order Value/Leverage
Available Balance	Margin available for new positions. If on Cross, Available Balance can include Unrealised PNL from open positions which can only be used to trade derivatives. It can't be withdrawn, transferred, or used to trade Spot/Convert. Available Balance (Cross) = Margin Balance (Wallet Balance + Unrealised PNL) - Order Margin - Position Margin Available Balance (Isolated) = Wallet Balance - Initial Margin/Order Cost - Order Margin where Initial Margin = (1/leverage) * order value + (2 * Taker Fee * Order Value)
Withdrawable Balance	Margin you can withdraw or use for Spot/Convert. Can be different from Available Balance if you have UnrealisedPNL. Unrealised PNL can't be withdrawn. Withdrawable Balance = Max (0, Min (Wallet balance, Margin Balance) - Position Margin - Order Margin

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