Dear Users,

To provide a better trading experience, BingX will update the maintenance margin rate rules for certain pairs in USDT-M Perpetual Futures starting from 2024-07-22.

The first batch of trading pairs subject to the updated rules:
APE/USDT, FOXY/USDT, PYTH/USDT, STRK/USDT, LPT/USDT, OM/USDT, TOKEN/USDT, ROSE/USDT, ONG/USDT and SEI/USDT.

 

*This adjustment does not affect the maintenance margin rate of existing positions, even if you add margin later or reverse the position. The latest maintenance margin rules will be effective only for new positions of trading pairs that users don't hold any open position. You can click here to check the previous maintenance margin rate values.

 

Definition of Relevant Terms

- What is Position (Notional Value)

The position notional value represents the market value of your position, denominated in USDT.
Position (Notional Value) = Mark Price x Position Size
- What is Maintenance Margin Rate?

Maintenance Margin Rate is the minimum margin rate required for users to maintain their current position. It's usually used to calculate the amount of maintenance margin required to prevent the position from liquidation.

 

What is Maintenance Margin?
Maintenance Margin represents the minimum amount of margin that needs to be held in the user's account to keep the position from liquidation. When the user's remaining margin is less than or equal to the sum of the maintenance margin required for the current position and trading fees for closing the position, forced liquidation will be triggered.

It's calculated based on your positions (notional value) within the tiers. This calculation remains consistent within a given tier, regardless of the chosen leverage. The larger the position, the higher the maintenance margin rate.


USDT-M Perpetual Futures Maintenance Margin = Position (Notional Value) * Maintenance Margin Rate - Maintenance Amount

Coin-M Perpetual Futures Maintenance Margin = (No. of Contracts * Contract Face Value * Maintenance Margin Rate - Maintenance Amount) / Price

 

- What is Maintenance Amount?

You can check the Maintenance Amount corresponding to the Position (Notional Value) on the maintenance margin rate rules page.
For example, if the total position of BTC/USDT contract is 160,000 USDT, the maintenance amount is 30 USDT.

   

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