Account-Based
|
Term |
Definition |
Formula |
|
Total Equity |
Total equity of all assets under the account without considering the collateral value ratio (calculated in USD) |
Wallet Balance + Perp & Futures Unrealized P&L + Options Value |
|
Margin Balance |
The total amount that can be used as margin under the account after considering the collateral value ratio (calculated in USD) |
Cross Margin Wallet Balance + Perp & Future Unrealized P&L
Portfolio Margin Wallet Balance + Perp & Future Unrealized P&L+ Option Value |
|
Account IM Rate |
Initial margin base rate of the account |
Cross Margin Total Initial Margin / (Margin Balance - Haircut Loss + Order Loss)
Portfolio Margin Total Initial Margin / (Equity - Haircut Loss + Order Loss) |
|
Account MM Rate |
Maintenance margin base rate of the account |
Cross Margin Total Maintenance Margin / (Margin Balance - Haircut Loss + Order Loss)
Portfolio Margin Total Maintenance Margin / (Equity - Haircut Loss + Order Loss) |
|
Total Initial Margin |
The total amount of initial margin under the account (calculated in USD) |
Σ Initial Margin for Open Positions + Σ Initial Margin for Active Orders + Σ Initial Margin on Borrowed Assets |
|
Total Maintenance Margin |
The total amount of maintenance margin under the account (calculated in USD) |
Σ Maintenance Margin on Borrowed Asset + Σ Maintenance Margin for Open Positions + Σ Maintenance Margin for Active Orders |
|
Perp & Futures UPL (Unrealized P&L) |
Total unrealized profit and loss under USDT Perpetual and USDC Perpetual & Futures Contracts |
∑ Asset - Based Perp & Futures Unrealized P&L |
|
Haircut Loss |
Total potential value loss of margin due to spot orders (calculated in USD) |
∑ Spot Symbol Haircut Loss (All Spot orders)
[Note: See definition of Haircut Loss] |
|
Order Loss |
The total potential value loss of the margin caused by the deviation of the perpetual order price from the Mark Price |
∑ Asset - Based Order Loss (All Perpetual & Futures orders) Buy Order Loss: Min [0, (Mark Price - Order Price ) × Order Size]
Sell Order Loss: Min [0, (Order Price - Mark Price ) × Order Size]
[Note: See definition of Order Loss] |
|
Option Value |
Total option value under the account (calculated in USD) |
∑ Asset - Based Option Value |
|
Spot Margin Leverage |
The spot leverage multiple of the asset dimension selected by the user |
Leverage is set at the asset level, not the trading pair.
For example, if you set leverage for USDC, it will apply whenever you borrow USDC (e.g., to buy BTC in BTC/USDC). Likewise, if you set leverage for BTC, it applies when borrowing BTC to sell. |
Asset-Based
|
Term |
Definition |
Formula |
|
USD Value |
The USD value of the asset (calculated in USD) |
– |
|
Wallet Balance |
The amount of assets you physically hold in your UTA wallet, calculated in USD. |
– |
|
Equity |
The equity of the asset without considering the collateral value ratio |
Asset Wallet Balance + Perp & Futures Unrealized P&L (USDC and USDT) + Options Value |
|
Perp & Futures UPL (Unrealized P&L) |
Unrealized profit and loss under USDT Perpetual and USDC Perpetual & Futures Contracts
|
USDT and USDC Contracts: 1. Long Position (Average Entry Price - Mark Price) × Position Size
Inverse Contracts: 1. Long Position Position Size x [(1/Average Entry Price) - (1/Mark Price)]
Position Size x [(1/Mark Price) - (1/Average Entry Price)]
|
|
Option Value |
Total option value calculated in USD |
Option Mark Price × Position Size |
|
Margin Balance |
The amount of an asset that can be used as a margin after considering the collateral value ratio (USDC and USDT) |
Cross Margin Wallet Balance + Perp & Future Unrealized P&L
Portfolio Margin Wallet Balance + Perp & Future Unrealized P&L+ Option Value |
|
Available Balance (for Derivatives) |
The amount of an asset that can be used to open USDT Perpetual, USDC Perpetual & Futures, and Options positions (USDC and USDT) |
Cross Margin Margin Balance − Total Initial Margin − Frozen
Portfolio Margin Equity − Total Initial Margin − Frozen |
|
Initial Margin (for Open Positions and Active Orders) |
The initial margin is the minimum amount of funds required to create derivative orders and positions |
Active Order Initial Margin = (Order Value / Leverage) + Estimated Fee to Open + Estimated Fee to Close Position
USDT & USDC Contracts: Order Value = Order Size × Order Price
Inverse Contracts: Order Value = Order Size ÷ Order Price
Position Initial Margin = (Position Value / Leverage) + Estimated Fee to Close Position
USDT & USDC Contracts: Position Value = Position Size × Mark Price
Inverse Contracts: Position Value = Position Size ÷ Mark Price
IM for Hedged Positions (Cross Margin Mode): Position with Higher Value: 1. Long position IM = (Mark Price × Hedged Position Size ÷ Leverage) + [Entry Price × Hedged Position Size × (1 - 1 ÷ Leverage) × Taker Fee Rate × 2] + (Entry Price × Net Position Size × (1 - 1 ÷ Leverage) × Taker Fee Rate)
When fully hedged, net position size = 0
2. Short position IM = (Mark Price × Hedged Position Size ÷ Leverage) + [Entry Price × Hedged Position Size (1 + 1 ÷ Leverage) × Taker Fee Rate × 2] + (Entry Price × Net Position Size × (1 + 1 ÷ Leverage) × Taker Fee Rate)
When fully hedged, net position size = 0
Position with Lower Value: 1. Long position IM= Entry Price × Hedged Position Size × (1 − 1 / Leverage) × Taker Fee Rate × 2
2. Short position IM= Entry Price × Hedged Position Size × (1 + 1 / Leverage) × Taker Fee Rate × 2 |
|
Initial Margin (on Borrowed Assets) |
The amount of initial margin taken up for Spot Margin Trading |
Asset Borrow Size × IM Rate for Borrowed Asset |
|
IM Rate (for Borrowed Assets) |
The initial margin rate required for borrowing assets |
IMR for borrowed assets = 1/Leverage |
|
Borrowed Amount |
Total borrowing amount for a corresponding asset with insufficient available balance |
Cross Margin ABS [Min (0, Equity − Buy Option Initial Margin - Positive Option Value − Asset Frozen)]
Portfolio Margin ABS [Min (0, Equity - Frozen)] |
|
Maintenance Margin (for Open Positions and active orders) |
The maintenance margin is the minimum amount of funds required to maintain derivatives position.
The maintenance margin rate required is based on your risk limit. MMR requirements for open positions and order increases as your risk limit tiers rise. Please check the risk limit of the respective trading pair here. |
Maintenance Margin = Position Size × Mark Price × Maintenance Margin Rate + Estimated Fee to Close Position Position with Higher Value: 1. If it is a long position MM = [(Mark Price × Net Position Size × MMR) − MM Deduction] + [Entry Price × Hedge Position Size × (1 - 1 ÷ Leverage) × Taker Fee Rate × 2] + [Entry Price × Net Position Size × (1 - 1 ÷ Leverage) × Taker Fee Rate]
When fully hedged, net position size = 0
2. If it is a short position MM = [(Mark Price × Net Position Size × MMR) − MM Deduction] + [Entry Price × Hedge Position Size × (1 + 1 ÷ Leverage) × Taker Fee Rate × 2] + [Entry Price × Net Position Size × (1 + 1 ÷ Leverage) × Taker Fee Rate]
When fully hedged, net position size = 0
Position with Lower Value: 1. If it is a long position MM = Entry Price × Hedged Position Size × (1 − 1 / Leverage) × Taker Fee Rate × 2
2. If it is a short position MM = Entry Price × Hedged Position Size × (1 + 1 / Leverage) × Taker Fee Rate × 2 |
|
Maintenance Margin (for Borrowed Assets) |
The amount of maintenance margin occupied by the asset that has triggered auto borrowing. |
Borrowed Amount × MM Rate by Borrowed Asset |
|
Maintenance Margin Rate (for Borrowed Assets) |
The rate of margin required to maintain borrowed assets
The maintenance margin rate required is based on your position tiers. MMR requirements for borrowed funds increase as your position tiers rise. |
Please refer to the maintenance margin rate required for each borrowed coin here. |
|
Initial Margin and Maintenance Margin for Options |
For more details on how to calculate the Initial and Maintenance Margin for Options, please refer here. | |