How Is Withdrawable Cash Calculated on USD Margin at Pluang?

Withdrawable Cash on USD Margin is calculated as Min(Balance, Equity) − Total Used Margin. In plain terms: take whichever is smaller between your USD Margin Balance and your Equity, then subtract the margin already committed to your open positions. The reason the formula takes the smaller of the two figures is that it protects your Margin Level — withdrawing more than this would push your Margin Level below 100%, which is the threshold Pluang treats as healthy. Balance and Equity differ whenever you hold unrealised profit or loss: Balance is your net deposits plus realised profit and loss after fees, while Equity is Balance plus unrealised profit and loss. When a position is showing an unrealised loss, Equity is the smaller number and therefore the one the formula uses, which is why an open losing position reduces what you can withdraw.

• Formula: Withdrawable Cash = Min(Balance, Equity) − Total Used Margin.
• In plain terms: Take the smaller of Balance and Equity, then subtract the margin locked in open positions.
• Why the smaller figure: It keeps your Margin Level at or above 100%, the level Pluang treats as healthy.
• Balance: Net Deposit + Realised Profit and Loss, with all fees already deducted.
• Equity: Balance + Unrealised Profit and Loss — it moves with the market while positions are open.
• Effect of a losing position: An unrealised loss makes Equity the smaller figure, reducing your Withdrawable Cash.
• During a margin call: Withdrawable Cash is $0 — nothing can be withdrawn until the Margin Level recovers.

Related questions:

Q: Why does the formula use the smaller of Balance and Equity?
Because using the larger one could let you withdraw money that is only notionally yours. If your open positions are showing an unrealised loss, Equity is lower than Balance, and that lower figure is the honest measure of what your wallet is currently worth. Taking the minimum ensures a withdrawal cannot push your Margin Level below the 100% threshold Pluang treats as healthy.

Q: Can you show the calculation with numbers?
Say your Balance is $200, your Equity is $190 because a position is $10 down, and $100 of margin is committed to open positions. Min($200, $190) is $190, minus the $100 used margin leaves $90 of Withdrawable Cash. If the same position instead moved $10 into profit, Balance would remain the smaller figure at $200, giving $100 withdrawable. The formula always defers to whichever of the two numbers is lower at that moment.

Q: What is Total Used Margin in this formula?
It is the margin currently committed to keeping your open positions alive, sometimes described as the initial margin used to open them. It is not available to withdraw because it is doing a job — backing the leveraged exposure you already hold. Only what remains after subtracting it from the smaller of Balance and Equity can leave the USD Margin wallet.

Q: Does the answer change if I am in a margin call?
Yes, and sharply. While your Margin Level sits between 70% and 99%, Withdrawable Cash is $0 regardless of what the formula would otherwise suggest. Nothing can be withdrawn until you restore the Margin Level, either by adding funds to the USD Margin wallet or by closing leveraged positions until the ratio recovers to 100%. Until then the wallet will show a balance you are not able to move out of it.