What Is Notional Value in Pionex Futures?
Learn how Pionex calculates futures notional value from mark price and position size, why leverage is separate, and how value affects margin risk today.
Pionex Futures
Initial Margin
The Initial Margin is the minimum amount of margin required to establish a leveraged position. Initial Margin = Notional Value / Leverage For example, if the current Mark Price of the BTCUSDT perpetual contract is 20,000 USDT, and you open…
Maintenance Margin
What is Maintenance Margin? Maintenance Margin is a crucial term in trading, especially in futures. It refers to the minimum Margin Equity (i.e. Margin + unrealized PnL) that a user must maintain to keep their leveraged position. The Maintenance Margin…
Liquidation
When the Margin Rate is ≥ 100% (i.e., margin + unrealized PnL ≤ maintenance margin), the position triggers liquidation. Margin Rate = Maintenance Margin / (Margin + unrealized PnL) The sum of Margin and unrealized PnL is referred to as…