What Factors Affect Your USD Margin on Pluang?

Five interlocking metrics determine the state of your USD Margin wallet. Balance is your Net Deposit plus realised profit and loss, with all fees deducted — it moves only when money enters or leaves or a position is actually closed. Unrealised P&L is the current value of open positions against their purchase price. Equity is Balance plus Unrealised P&L, so it tracks live market prices and equals your Portfolio Value. Free Margin is Equity minus the sum of Position Margin and Order Margin — what remains available. Margin Level is Equity divided by that same sum, expressed as a percentage, and it is the figure that determines whether you are healthy at 100% or above, in a margin call between 70% and 99%, or facing forced liquidation below 30%.

• Balance: Net Deposit + Realised P&L, with all fees deducted — unmoved by price changes.
• Unrealised P&L: (Current Sell Price × Qty) − (Purchase Price × Qty) on your open positions.
• Equity: Balance + Unrealised P&L. Equals your Portfolio Value (Nilai Portofolio), not your Invested Amount.
• Free Margin: Equity − (Position Margin + Order Margin) — what is still available to you.
• Margin Level: Equity ÷ (Position Margin + Order Margin), as a percentage — the health indicator.
• The thresholds: 100% or above is healthy; 70%–99% is a margin call; below 30% triggers forced liquidation.
• How they interact: A price move changes Unrealised P&L, which moves Equity, which moves Free Margin and Margin Level together.

Related questions:

Q: What's the difference between Equity and Balance?
Balance is Net Deposit plus realised profit and loss after fees, so it only changes when money moves in or out or a position is closed. Equity is Balance plus unrealised profit and loss, so it tracks the live market value of your open positions. When you hold nothing open they are equal; the moment a position is up or down, they diverge by exactly that unrealised amount.

Q: What are Free Margin and Margin Level, and why do they matter?
Free Margin is Equity minus the margin committed to positions and orders — the room you still have. Margin Level is Equity divided by that same committed margin, as a percentage. Margin Level is the one that triggers consequences: 100% or above is healthy, 70% to 99% puts you in a margin call, and below 30% starts forced liquidation. Free Margin is useful as an early warning before those thresholds are reached.

Q: Which figure should I watch most closely?
Margin Level, because it is the one with thresholds attached. Balance and Equity tell you what the wallet holds and what it is worth, but neither triggers anything on its own. Margin Level is what determines whether you can open new positions, whether you can withdraw, and whether Pluang begins auto-selling your holdings to protect the position. The other four explain why it moved; only this one carries consequences.

Q: How does a single price move ripple through these numbers?
It starts with Unrealised P&L, which changes as soon as the market moves. That flows into Equity, since Equity is Balance plus Unrealised P&L. Equity then drives both Free Margin and Margin Level, because both are calculated from it. Balance stays where it is throughout, which is why Balance and Equity separate whenever positions are open. Closing the position realises the P&L and finally brings Balance into line.