Bitget Futures Position Initial Margin Overview

[Estimated reading time: 5 minutes] 

Ang initial margin ng posisyon ay tumutukoy sa kabuuang halagang kinakailangan para sa pag-verify ng order, na maaaring makita sa window ng paglalagay ng order o sa confirmation pop-up window. Ang initial margin ng posisyon ay apektado ng mga salik tulad ng halaga ng posisyon ng order, leverage, at mga rate ng bayarin. Kabilang dito ang margin na kinakailangan para sa opening order, ang bayad sa opening, at ang potensyal na pagkalugi sa opening.

Bago maglagay ng order, dapat tiyakin ng mga gumagamit na may sapat na magagamit na margin sa kanilang account. Kung ang presyo ng order sa futures ay hindi kanais-nais (halimbawa, ang presyo ng order sa long position ay mas mataas kaysa sa presyo ng mark, o ang presyo ng order sa short position ay mas mababa kaysa sa presyo ng mark), isang pagkalugi sa pagbubukas ang magaganap kaagad sa oras ng pagpapatupad. Isinasama ng Bitget ang opening loss sa initial margin ng posisyon upang maiwasan ang mga user na mag-trigger ng liquidation pagkatapos mapunan ang kanilang order. Ang isang detalyadong pagsusuri ay ibinibigay sa ibaba.

 

1. Classic futures

1.1 Opening loss calculation

• Opening loss of the order = order quantity × abs{min[0, order direction × (mark price – order price)]} ÷ index price (in margin coin)

• Order unit opening loss = abs{min[0, order direction × (mark price – order price)]} ÷ index price (in margin coin)

• For market orders, buy order price = Ask 1 × (1 + markup percentage), and sell order price = Bid 1 × (1 – markdown percentage)

• Order direction: +1 for buy orders, –1 for sell orders

 

1.2 One-way mode

• Initial margin occupied for order verification = (opening order value ÷ order leverage) × (1 + price freeze markup ratio) + (opening order value × fee rate) × (1 + fee freeze markup ratio) + order opening loss

• Maximum open = (available + position offset) × margin coin price ÷ (current price × [(1 + price freeze markup ratio) ÷ order leverage + fee rate × (1 + fee freeze markup ratio)] + order unit opening loss)

 

1.3 Hedging mode

• Initial margin occupied for order verification = (opening order value ÷ order leverage) × (1 + price freeze markup ratio) + (opening order value × fee rate) × (1 + fee freeze markup ratio) + order opening loss

• Maximum open = available amount × margin coin price ÷ (current price × [(1 + price freeze markup ratio) ÷ order leverage + fee rate × (1 + fee freeze markup ratio)] + order unit opening loss)

 

2. Futures in the unified trading account

2.1 USDT/USDC-Margined Futures

2.1.1 Opening loss calculation

• Order opening loss = current order futures quantity × abs{min[0, order direction × (mark price – order price)]} × quote currency to USD exchange rate

• Order unit opening loss = abs{min[0, order direction × (mark price – order price)]} × quote currency to USD exchange rate

• For market orders, buy order price = Ask 1 × (1 + markup percentage), and sell order price = Bid 1 × (1 – markdown percentage)

• Order direction: +1 for buy orders, –1 for sell orders

2.1.2 Cross margin

• Futures order verification initial margin (IM) = Max(long position IM + long opening order IM + long opening order opening loss, short position IM + short opening order IM + short opening order opening loss)

• Cross margin futures maximum open

• One-way mode maximum open = (available margin × (1 – margin markdown ratio)) ÷ [quote currency to USD exchange rate × applied price × (1 + price markup ratio) ÷ leverage + applied price × (1 + fee markup ratio) × 2 × taker fee rate × quote currency to USD exchange rate + order unit opening loss]

• Hedge mode maximum open = (available margin × (1 – margin markdown ratio)) ÷ [quote currency to USD exchange rate × applied price × (1 + price markup ratio) ÷ leverage + applied price × (1 + fee markup ratio) × 2 × taker fee rate × quote currency to USD exchange rate + order unit opening loss]

Ang inilapat na presyo para sa mga order na bilhin = presyo ng order; ang inilapat na presyo para sa mga order na ibenta = max(presyo ng order, presyo ng Ask 1). Kung walang presyong Ask 1, ang pinakabagong presyong i-trade ang gagamitin. If the latest traded price is also unavailable, the mark price is used.

2.1.3 Isolated margin

• Order opening loss = current order futures quantity × abs{min[0, order direction × (mark price – order price)]}

• Order unit opening loss = abs{min[0, order direction × (mark price – order price)]}

• For market orders, buy order price = Ask 1 × (1 + markup percentage), and sell order price = Bid 1 × (1 – markdown percentage)

• Order direction: +1 for buy orders, –1 for sell orders

• Isolated margin opening order freeze = opening quantity × applied price × (1 ÷ leverage + 2 × taker fee rate) + order opening loss

• Isolated margin maximum open

• One-way mode maximum open = Min(settlement currency balance, settlement currency margin available for isolated positions) ÷ [applied price × (1 + price markup ratio) ÷ leverage + applied price × (1 + fee markup ratio) × 2 × taker fee rate + order unit opening loss]

• Hedge mode maximum open = Min(settlement currency balance, settlement currency margin available for isolated positions) ÷ [applied price × (1 + price markup ratio) ÷ leverage + applied price × (1 + fee markup ratio) × 2 × taker fee rate + order unit opening loss]

 

2.2 Coin-Margined Futures

2.2.1 Cross margin

• Order opening loss (base currency) = order position value × abs{min[0, order direction × (1 ÷ order price – 1 ÷ mark price)]}

• Order opening loss (USD) = order position value × abs{min[0, order direction × (1 ÷ order price – 1 ÷ mark price)]} × coin USD index price

• Unit value opening loss = abs{min[0, order direction × (1 ÷ order price – 1 ÷ mark price)]}

• For market orders, buy order price = Ask 1 × (1 + markup percentage), and sell order price = Bid 1 × (1 – markdown percentage)

• Order direction: +1 for buy orders, –1 for sell orders

• IM occupied by this opening order (USD) = long (short) open order unfilled position value ÷ cost price × (1 ÷ leverage + 2 × taker fee rate) × coin USD index price + order opening loss (USD)

• Maximum open (USD) = ((available margin × (1 – margin markdown ratio)) ÷ USD index price) ÷ (1 ÷ cost price × [(1 ÷ leverage × (1 + opening cost markup ratio)) + 2 × taker fee rate × (1 + fee markup ratio)] + unit value opening loss)

Presyo ng gastos para sa parehong order na bumili at magbenta = min (presyo ng order, presyong Ask 1). Kung walang presyong Ask 1, ang pinakabagong presyong i-trade ang gagamitin. If the latest traded price is also unavailable, the mark price is used.

2.2.2 Isolated margin

• Order opening loss (base currency) = order position value × abs{min[0, order direction × (1 ÷ order price – 1 ÷ mark price)]}

• Unit value opening loss = abs{min[0, order direction × (1 ÷ order price – 1 ÷ mark price)]}

• For market orders, buy order price = Ask 1 × (1 + markup percentage), and sell order price = Bid 1 × (1 – markdown percentage)

• Order direction: +1 for buy orders, –1 for sell orders

• IM occupied by this opening order (base currency) = long (short) open order unfilled position value ÷ cost price × (1 ÷ leverage + 2 × taker fee rate) + order opening loss (base currency)

• Maximum open (USD) = Min(settlement currency balance, cross margin available margin (USD) ÷ settlement currency USD index price × (1 – fee markdown ratio)) ÷ (1 ÷ cost price × [(1 ÷ leverage × (1 + opening cost markup)) + 2 × taker fee rate × (1 + fee markup)] + unit value opening loss)

 

FAQ

1. What is initial margin?

Ang initial margin ng posisyon ay tumutukoy sa kabuuang halagang kinakailangan para sa pag-verify ng order, na maaaring makita sa window ng paglalagay ng order o sa confirmation pop-up window. Ang initial margin ng posisyon ay apektado ng mga salik tulad ng halaga ng posisyon ng order, leverage, at mga rate ng bayarin. Kabilang dito ang margin na kinakailangan para sa opening order, ang bayad sa opening, at ang potensyal na pagkalugi sa opening.

2. Why is there an opening loss?

Kung ang presyo ng order sa futures ay hindi kanais-nais (halimbawa, ang presyo ng order sa long position ay mas mataas kaysa sa presyo ng mark, o ang presyo ng order sa short position ay mas mababa kaysa sa presyo ng mark), isang pagkalugi sa pagbubukas ang magaganap kaagad sa oras ng pagpapatupad. Isinasama ng Bitget ang opening loss sa initial margin ng posisyon upang maiwasan ang mga user na mag-trigger ng liquidation pagkatapos mapunan ang kanilang order.

3. How is the occupied initial margin for order verification calculated under one-way mode?

Initial margin occupied for order verification = (opening order value ÷ order leverage) × (1 + price freeze markup ratio) + (opening order value × fee rate) × (1 + fee freeze markup ratio) + order opening loss.

4. How is order direction defined in the opening loss calculation?

Order direction: +1 for buy orders, –1 for sell orders.