Available Margin

What is Available Margin?

Your Available Margin is the amount of margin you can consume to open new positions. Specifically, it is the sum of the risk-adjusted value of every position in your account. Riskier positions consume more available margin than safer positions.

When you open a new position, it consumes available margin. When you close a position, it gives you more available margin. When you deposit more assets, it increases your available margin.

What is "risk-adjusted value" and how is it calculated?

The risk-adjusted value of a position is simply the value of a position after factoring in possible price movements. In general, the more volatile a position, the more available margin it will consume.

Specifically, it is quantity of USDT the position would be worth if the market moved against the it. Each underlying asset is assigned a risk score, which enters into the equation. The risk scores are published on the Stats page of the UI.

You can see how your margin is computed on the Margin Calculation tab.

You can also use the Bundle Mode feature to experiment with different portfolios and trade bundles.

A further description with examples is detailed in ATLAS - WCM's Risk Engine. Calculations are detailed in Risk Based Portfolio Valuation.

Are there leverage limits?

Most exchanges manage risk by setting lower leverage limits for risker assets. On WCM, riskier assets consume more available margin, which enforces a natural limit. If you have a well balanced portfolio, the limits are high.

Additionally, individual perp positions have leverage limits, set on a per asset basis.

Can I isolate positions?

While it is typically less profitable, if you want to isolate positions, we recommend using Sub-accounts. You can create a new sub-account, transfer assets from your main account to the sub-account, and trade there. The positions in a sub-account are isolated from your main account and all other sub-accounts.