In order to ensure the safety of the exchange, each market has a maximum position size and a function which determines the margin requirement at different position sizes.

Key Definitions:

incrementalInitialMarginFraction

  • The increase in the initial-margin-fraction for the market for each incrementalPositionSize that the user is over the baselinePositionSize.

incrementalPositionSize

  • The position size between each tick of incrementalInitialMarginFraction

baselinePositionSize

  • The largest position size without incrementing the initial-margin-fraction

maximumPositionSize

  • The absolute largest position size available

The initial margin starts with 5.0% (for 20x leverage trading of ETH and BTC markets) or 10% for all other markets. After reaching the baselinePositionSize, the required margin linearly increases by the incrementalInitialMarginFraction per incrementalPositionSize

Market

Baseline Position Size

IPS

Max Position Size

IMF

BTC

9

1.5

170

0.01

ETH

140

28

2820

0.01

LINK

20000

3900

200000

0.02

AAVE

1700

300

17000

0.02

UNI

20800

4000

210000

0.02

SUSHI

49200

10000

491000

0.02

SOL

3400

700

34900

0.02

YFI

14

3

140

0.02

1INCH

170000

35000

1700000

0.02

AVAX

9000

1800

91000

0.02

DOGE

2180000

400000

22000000

0.02

SNX

52000

11000

520000

0.02

CRV

190000

37000

1900000

0.02

DOT

14600

2900

150000

0.02

MATIC

410000

80000

4000000

0.02

MKR

200

40

2000

0.02

FIL

6800

1400

68000

0.02

ADA

230000

46000

2300000

0.02

ATOM

16000

3000

158000

0.02

COMP

1700

330

16600

0.02

LTC

2800

560

28000

0.02

BCH

840

170

8300

0.02

EOS

110000

22000

1100000

0.02

UMA

2000

1000

30000

0.02

XMR

400

200

6000

0.02

ZEC

200

100

3000

0.02

ALGO

275000

55000

2700000

0.02

ZRX

500000

100000

5000000

.02

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