Margin Schedule

Trading perpetuals involves significant risk, including the risk of liquidation and partial or total loss of assets. Review the Risk Disclosures and ensure you understand the risks before trading.

Each RWA market has a custom margin schedule, detailed below. Value brackets may be adjusted over time, depending on available liquidity or changes in asset price.

EUR

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 2000 k	100.0	1%	0.5%
$ 2000 - 4000 k	50.0	2%	1.0%
$ 4000 - 6000 k	33.3	3%	1.5%
$ 6000 - 8000 k	25.0	4%	2.0%
$ 8000 - 10000 k	20.0	5%	2.5%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 1% and 0.5% respectively for every additional $2000k.

USDJPY

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 2000 k	25.0	4%	2%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 4% and 2% respectively for every additional $2000k.

SPX (S&P 500)

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 1000 k	25.0	4%	2%
$ 1000 - 2000 k	12.5	8%	4%
$ 2000 - 3000 k	8.3	12%	6%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 4% and 2% respectively for every additional $1000k.

NDX (Nasdaq-100)

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 1000 k	16.7	6%	3%
$ 1000 - 2000 k	8.3	12%	6%
$ 2000 - 3000 k	5.6	18%	9%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 6% and 3% respectively for every additional $1000k.

XAU (Gold)

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 2000 k	25.0	4%	2%
$ 2000 - 4000 k	12.5	8%	4%
$ 4000 - 6000 k	8.3	12%	6%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 4% and 2% respectively for every additional $2000k.

XAG (Silver)

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 1000 k	10.0	10%	5%
$ 1000 - 2000 k	5.0	20%	10%
$ 2000 - 3000 k	3.3	30%	15%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 10% and 5% respectively for every additional $1000k.

XCU (Copper)

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 500 k	20.0	5%	2.5%
$ 500 - 1000 k	10.0	10%	5%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 5% and 2.5% respectively for every additional $500k.

XPT (Platinum), XBR and WTI

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 1000 k	10.0	10%	5%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 10% and 5% respectively for every additional $1000k.

NATGAS

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 1000 k	5.0	20%	10%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 20% and 10% respectively for every additional $1000k.

GOOG, META, MSFT

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 500 k	16.7	6%	3%
$ 500 - 1000 k	8.3	12%	6%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 6% and 3% respectively for every additional $500k.

NVDA, AMZN, TSLA, AMD, MSTR, COIN, HOOD, INTC, PLTR, AAPL, CRCL, MU, SNDK, BABA, EWY

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 500 k	10.0	10%	5%
$ 500 - 1000 k	5.0	20%	10%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 10% and 5% respectively for every additional $500k.

SPCX

Position Bracket	Max Leverage	Min Initial Margin	Maintenance Margin
$ 0 - 100 k	3.0	33.3%	16.7%

If a user's position exceeds the last margin tier, initial and maintenance margin requirements will increase by 33.3% and 16.7% respectively for every additional $100k.