How Is Margin Maintenance Calculated on Pairs Capped at Max 10x Leverage?
On BAT, FIL, and ZRX — the three Crypto Futures contracts capped at a maximum 10x leverage — Maintenance Margin is set per contract, based on that contract's maximum leverage rather than the leverage level you personally selected, and it includes an allowance for the fee to close the position. This means the maintenance margin rate on these pairs is the same whether you're trading at 2x, 5x, or the full 10x, and it applies even to a grandfathered position that still carries leverage above 10x from before the cap took effect. Because these three pairs have a lower maximum leverage than contracts that allow up to 25x, their maintenance margin rate is relatively higher. Maintenance Margin is the minimum amount of margin your position must retain to stay open: Pluang warns you with an Initial Margin Call when your Margin Level rises above 50% and a Final Margin Call above 75%, and liquidation happens at 100%, the point where your margin balance falls to the maintenance margin. The app shows the actual maintenance margin figure for your position — the leverage cap changes what leverage you can select going forward, while the leverage you choose changes your initial margin, not the maintenance margin rate.
What to check if you hold a position or open orders on a capped pair:
- Double-check your open positions, leverage, and open orders on BAT, FIL, or ZRX, so you know exactly how your Maintenance Margin is being calculated relative to your current Margin Level.
- Adjust your leverage down to a maximum of 10x where possible on new orders, to keep your risk profile aligned with the current cap on that pair.
- Confirm your Margin Ratio is displaying accurately in the app before relying on it to gauge your distance from an Initial Margin Call (Margin Level above 50%) or a Final Margin Call (above 75%).
- This calculation applies regardless of your original leverage — even a grandfathered position above 10x uses the capped contract's maximum leverage tier as the basis for its Maintenance Margin, not your personal selection.
Related questions:
Q: What percentage is the Maintenance Margin ratio on capped pairs?
There's no single percentage that applies to every contract. The Maintenance Margin rate is set per contract from that contract's maximum leverage and includes an allowance for the fee to close the position, so it isn't the same on every Crypto Futures contract. Because BAT, FIL, and ZRX have a lower maximum leverage than contracts that allow up to 25x, their rate is relatively higher. The leverage you select doesn't change this rate — it changes only your initial margin. Check the maintenance margin shown for your position in the app for the actual figure.
Q: Does my Maintenance Margin change if my position leverage is still above 10x?
No — the ratio itself doesn't change. It's calculated based on the maximum leverage available on that contract, so the same rate applies whether your grandfathered leverage sits above 10x or you opened a fresh position at exactly 10x. What differs is only the initial margin you needed to open the position in the first place — a higher original leverage meant a smaller initial outlay, not a smaller ongoing maintenance requirement.
Q: What should I do to avoid trading disruptions on a capped pair?
Review your open positions, leverage, and open orders on BAT, FIL, or ZRX regularly, and adjust your leverage down to a maximum of 10x on new orders where possible, so you don't get caught by a mismatch between the margin you expect to have available and what the app actually shows during volatile market moves, which can happen quickly on lower-liquidity contracts.
Q: Where can I confirm my current Margin Ratio?
Check the Margin Ratio displayed on your position details in the app, and make sure it reflects your current leverage and position size accurately before you rely on it to judge how close you are to an Initial Margin Call or a Final Margin Call, since both thresholds are measured against this same ratio and update in real time as the mark price moves.
Q: Does the 10x cap apply to Maintenance Margin on every Crypto Futures contract?
No. Only BAT, FIL, and ZRX are affected by the 10x leverage cap; Pluang's other active contracts still support up to 25x, and their Maintenance Margin is calculated the same way using that contract's own maximum leverage tier, not a shared platform-wide figure that applies uniformly across every listed pair — always check the specific contract's cap before opening a position.