Margin

Currently, users’ trading accounts support only $BITU as the asset, which is linked to a unified margin and risk monitoring system.

  • The account margin is denominated in $BITU.

  • The margin currency’s equity (the value of the held currency) is converted into margin value based on a discount rate.

  • Margin Currency and Discount Rate: BitU sets the discount rate for each currency. The discount rate determines the effective value of the currency when converted into margin.

Valid Margin

Valid Margin = Total Margin Value - Margin Loss

  • It measures the level of risk the account can bear. A higher Valid Margin allows for more positions and liabilities to be supported.

  • Total Margin Value is the weighted sum of the equity and the discount rate of each currency.

  • Margin Loss: This includes estimated fees and potential price slippage from pending orders and positions.

Available Margin

Available Margin = Valid Margin - Frozen Margin

  • It is used to validate the ability to open contracts and borrow. When Available Margin is 0, there is no margin support for opening positions or borrowing.

  • Frozen Margin: Includes liabilities, occupied margin for positions, and reserved margin for orders.

Maintenance Margin Ratio (UNIMMR)

UNIMMR = Valid Margin / Maintenance Margin

  • It is used to monitor account risk.

  • The higher the ratio, the safer the account. If the value drops below 100%, it triggers the liquidation process.

  • Maintenance Margin (MM) includes liabilities and contract maintenance margin, determined by the maintenance margin rate of the risk tier.

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