👾Overview

Margin System

You can have a maximum of one active position per market and per collateral. For example, you can have one ETH-margined position and another USDC-collateralized position on the same market, but you can't have two USDC-margined positions on the same market. Each position has its own margin and leverage that you can adjust independently from other positions. One position's profit or loss does not affect your other positions.

Profit and Loss

A position's profit or loss (P/L) is equal to:

1. For Long Positions/Contracts Trades

   P/L = (Exit Price - Entry Price) x Contract Size x Number of Contracts

   • P/L: The profit or loss in the base currency.

   • Exit Price: The price at which you exit the long position.

   • Entry Price: The price at which you entered the long position.

   • Contract Size: The size of one contract (e.g., in Bitcoin futures, one contract might be 1 BTC).

   • Number of Contracts: The number of contracts you hold.

2. For Short Positions/Contracts Trades

   P/L = (Entry Price - Exit Price) x Contract Size x Number of Contracts

   • P/L: The profit or loss in the base currency.

   • Entry Price: The price at which you entered the short position.

   • Exit Price: The price at which you exit the short position.

   • Contract Size: The size of one contract (e.g., in Bitcoin futures, one contract might be 1 BTC).

   • Number of Contracts: The number of contracts you hold.

3. For Forex Trades

   P/L = (Exit Price - Entry Price) x Trade Size x Lot Size

   • P/L: The profit or loss in the quote currency (usually the second currency in the currency pair).

   • Exit Price: The price at which you exit the trade.

   • Entry Price: The price at which you entered the trade.

   • Trade Size: The size of your trade in units of the base currency.

   • Lot Size: The size of one standard lot in the currency pair (e.g., 100,000 units).

For example, a 10,000 USDC long position entered at a market price of $100 will have a profit of 2,000 USDC at $120 (corresponding to a 20% favorable price move), not including funding A 20 ETH short position entered at $1,000 will have a loss of 1 ETH at $1,050 (corresponding to a 5% unfavorable price move), not including funding. regardless of whether it's a long or a short. P/L % (percent) is calculated relative to a position's margin. For example, a 10 ETH position at 10× leverage has a margin of 1 ETH. A P/L of 0.5 ETH would correspond to a P/L % of +50%.Profit is paid out from the pool. If an asset pool has insufficient funds to pay out your profit, you will need to wait until there are enough funds in the pool to take profit.