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Position (Notional Value)
The position notional value represents the market value of your position, denominated in USDT.
Position (Notional value) = Mark price x Position amount
Consequently, your chosen leverage will directly affect the required initial margin. You're recommended to decide your desired leverage prior to opening a position. The higher the leverage, the smaller the position (notional value) you can open; the lower the leverage, the higher the position (notional value) you can open.
The system will calculate your maximum allowable position for you based on the chosen leverage, as illustrated below:
What is Maintenance Margin?
Maintenance margin is crucial in derivatives trading. It represents the minimum margin that users must maintain to sustain their leveraged positions. 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.
What is Maintenance Margin Rate?
Different leverage tiers have varying maintenance margin rates. The larger the position (notional value), the higher the maintenance margin rate.
The maintenance margin rate is determined by the tier in which your position (notional value) is in, meaning it is unaffected by your chosen leverage. As your position (notional value) advances to a higher tier, it will not affect your previously chosen leverage.
See also:
Perpetual Futures | Forced Liquidation Rules
Perpetual Futures | BingX Margin Trading Terms
Visit BingX Perpetual Futures Trading Rules to access the latest information regarding position tier, maximum leverage and margin rates. If you have any questions, please contact our 24/7 online support.