Leverage Limits for Spot products

No leverage is available for spot products, all spot trades need to be 100% funded at all times.

Leverage Limits for Futures

EQONEX offers a maximum of 125x leverage on Perpetual and Dated Futures positions. The maximum amount of leverage allowed for specific position sizes depends on which product is traded, and is shown in the tables below. By design, our position limits align the expected risk on the platform with regard to trading volume and the size of the Liquidation Reserve. This is to reduce the probability of auto-deleveraging (ADL). These limits will be reviewed regularly and amended as necessary.

The Initial Margin required for a certain size position follows a tax style bracket approach, starting from the highest leverage bucket. If you trade more than one product (e.g. BTC Perpetuals and ETH Perpetuals) the total Initial Margin required is the sum of the Initial Margin required for each product (e.g. Initial Margin required for the BTC Perpetual Position plus the Initial Margin required for the ETH Perpetual position). The same applies to the Margin Liquidation Trigger.

For Dated Futures, Delivery Margin is charged on both open positions and open order(s) from 7 days prior to expiry. Delivery Margin is added to and included in the Initial Margin and Margin Liquidation Trigger to avoid a user from getting liquidated on their Cross Collateral

BTC Perpetual Leverage Limits

Leverage

Max notional exposure (USDC)

Initial Margin

Margin Liquidation Trigger

125.0

10,000

0.80%

0.40%

100.0

25,000

1.00%

0.50%

75.0

50,000

1.33%

0.67%

50.0

150,000

2.00%

1.00%

40.0

250,000

2.50%

1.25%

20.0

400,000

5.00%

2.50%

10.0

700,000

10.00%

5.00%

5.0

1,000,000

20.00%

10.00%

4.0

1,500,000

25.00%

12.50%

3.3

2,500,000

30.00%

15.00%

2.0

12,500,000

50.00%

25.00%

1.5

25,000,000

66.67%

33.33%

1.0

N/A

100.00%

50.00%

ETH Perpetual Leverage Limits

Leverage

Max notional exposure (USDC)

Initial Margin

Margin Liquidation Trigger

125.0

1,000

0.80%

0.40%

100.0

2,500

1.00%

0.50%

75.0

5,000

1.33%

0.67%

50.0

15,000

2.00%

1.00%

40.0

25,000

2.50%

1.25%

20.0

80,000

5.00%

2.50%

10.0

140,000

10.00%

5.00%

5.0

200,000

20.00%

10.00%

4.0

300,000

25.00%

12.50%

3.3

500,000

30.00%

15.00%

2.0

2,500,000

50.00%

25.00%

1.5

5,000,000

66.67%

33.33%

1.0

N/A

100.00%

50.00%

BTC Dated Futures Leverage Limits

The below table applies to each BTC Dated Futures contract separately, meaning that if you trade 10,000 USDC of the March future and 10,000 USDC of the June future, the Initial Margin requirement will be 80 USDC for the March future + 80 USDC for the June future = 160 USDC.

From 7 days prior to expiry, Delivery Margin is added to the Initial Margin and Margin Liquidation Trigger requirements resulting from the table below, such that

Initial Margin = Initial Margin as per the below table + Delivery Margin; and
Margin Liquidation Trigger = Margin Liquidation Trigger as per the below table + Delivery Margin

And

Delivery Margin = Increment * T * Product Position Size incl Open Orders * Spot Mark Price

Where

Increment = (Cross Collateral Haircut + 1%) / Delivery Margin Window
Delivery Margin Window = 7
T = the Number of Full Days (24hrs) from 8am UTC on the Friday before the expiry date to the current date + 1

For more information and examples, see here.

Leverage

Max notional exposure (USDC)

Initial Margin

Margin Liquidation Trigger

125.0

10,000

0.80%

0.40%

100.0

25,000

1.00%

0.50%

75.0

50,000

1.33%

0.67%

50.0

150,000

2.00%

1.00%

40.0

250,000

2.50%

1.25%

20.0

400,000

5.00%

2.50%

10.0

700,000

10.00%

5.00%

5.0

1,000,000

20.00%

10.00%

4.0

1,500,000

25.00%

12.50%

3.3

2,500,000

30.00%

15.00%

2.0

12,500,000

50.00%

25.00%

1.5

25,000,000

66.67%

33.33%

1.0

N/A

100.00%

50.00%

For further assistance or more information, please contact our Customer Support team via help@eqonex.com or click on the chat widget at the bottom right-hand side of the EQONEX page.

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