What Margin Is on Pluang's Futures Platform — Initial vs Maintenance Margin

On Pluang's Crypto Futures platform, margin is the collateral you deposit to open and keep a leveraged perpetual futures position open, held with clearing house Kliring Komoditi Indonesia (KKI) and Indonesian Coin Custodian (ICC) as futures margin custodians. Initial margin is the minimum required to open the position, sized as a percentage of the notional value based on leverage; maintenance margin is the lower minimum that must remain to avoid liquidation. Pluang tracks the gap between the two through Margin Level, a rising 0% to 100%+ scale.

Understanding margin on Pluang:

• Initial margin: The deposit required to open a position, sized as a percentage of the notional value based on your chosen leverage. Of the 49 active Crypto Futures contracts on Pluang, 46 support leverage up to 25x, while BAT, FIL, and ZRX are capped at a maximum of 10x. Check the Pluang app for the exact rate per contract.
• Maintenance margin: The minimum margin balance needed to keep a position open. If your balance drops to this level, Pluang triggers liquidation to prevent a negative balance.
• Margin Level: A rising 0% to 100%+ scale, not a percentage of margin remaining. An Initial Margin Call fires past 50%, a Final Margin Call past 75% (close/reduce-exposure orders only), and liquidation follows as it nears 100%.
• Adding margin: In Isolated Margin mode you add margin to a specific position; in Cross Margin mode, free balance in your shared account acts as an automatic buffer for every position.
• Margin modes: Isolated Margin caps loss to one position's allocated margin; Cross Margin lets your full shared balance back all positions and be drawn on if losses exceed it. Mode is set per contract with no switching fee.

Related questions:

Q: What happens to my initial margin when a position is liquidated on Pluang?
Your remaining margin is used to close the position and cover the loss. Under Isolated Margin the loss is capped at that position's own allocated margin; under Cross Margin the shared Futures balance can be drawn on further to cover the shortfall.

Q: Can I see my liquidation price on Pluang before entering a trade?
Yes — the Pluang app shows the estimated liquidation price based on your entry price, leverage, and margin mode before you confirm the order, so you can size your position with a clear view of your downside first.

Q: Is the margin I deposit on Pluang futures earning interest?
No. Margin deposited for futures positions is held as collateral with the custodians backing the position and does not earn interest — treat it as risk capital, not a savings deposit.

Q: Does the funding rate affect my margin balance?
Yes. The funding rate is exchanged between long and short position holders every 8 hours and is deducted from or added to your margin balance depending on your position side. This is separate from initial and maintenance margin — check pluang.com/biaya/crypto-futures for current rates.