Dear Pexians,
Pexpay Futures will adjust the maintenance margin tiers of the USDⓈ-M APTUSDT Perpetual Contracts on 2023-01-26 at 10:30 (UTC), as reflected in the table below.
Existing positions opened before the update will be affected. It is strongly advised to adjust the position and leverage prior to the adjustment in order to avoid any potential liquidation.
Updates to Margin Tiers:
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Previous Leverage and Margin Tiers
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New Leverage and Margin Tiers
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||||
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Leverage (Before Change)
|
Position
Before Change
(Notional Value in USDT)
|
Maintenance Margin Rate (Before Change)
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Leverage After Change
|
Position
After Change
(Notional Value in USDT)
|
Maintenance Margin Rate (After Change)
|
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21 - 25x
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0 < Position ≤ 5,000
|
0.75%
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21 - 25x
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0 < Position ≤ 5,000
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1.50%
|
|
16 - 20x
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5,000 < Position ≤ 25,000
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1.00%
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16 - 20x
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5,000 < Position ≤ 25,000
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2.00%
|
|
11 - 15x
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25,000 < Position ≤ 150,000
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2.00%
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11 - 15x
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25,000 < Position ≤ 150,000
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2.25%
|
|
9 - 10x
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150,000 < Position ≤ 250,000
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2.50%
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9 - 10x
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150,000 < Position ≤ 250,000
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2.50%
|
|
6 - 8x
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250,000 < Position ≤ 1,000,000
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5.00%
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6 - 8x
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250,000 < Position ≤ 1,000,000
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5.00%
|
|
5x
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1,000,000 < Position ≤ 2,000,000
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10.00%
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5x
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1,000,000 < Position ≤ 2,000,000
|
10.00%
|
|
3 - 4x
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2,000,000 < Position ≤ 5,000,000
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12.50%
|
3 - 4x
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2,000,000 < Position ≤ 5,000,000
|
12.50%
|
|
2x
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5,000,000 < Position ≤ 10,000,000
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25.00%
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2x
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5,000,000 < Position ≤ 10,000,000
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25.00%
|
|
1x
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10,000,000 < Position ≤ 20,000,000
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50.00%
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1x
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10,000,000 < Position ≤ 20,000,000
|
50.00%
|
Notes:
- It is important to note that the maintenance margin change will directly affect the liquidation price. Users who hold existing positions of USDⓈ-M APTUSDT Perpetual Contracts will be affected. To avoid being liquidated (i.e., margin ratio hits 100%), please add more margin to your USDⓈ-M Futures account or reduce your positions. It is recommended to control the margin ratio below 80%.
- Maintenance margin rate change will affect the funding rates of USDⓈ-M APTUSDT Perpetual Contracts.
- Where any discrepancy arises between the translated versions and the original English version, the English version shall prevail.
Thanks for your support!
Pexpay Team
2023-01-26
Pexpay reserves the right in its sole discretion to amend or change or cancel the products referred to in this announcement at any time and for any reason without prior notice.
Risk Warning: Digital asset prices can be volatile. The value of your investment may go down or up and you may not get back the amount invested. You are solely responsible for your investment decisions and Pexpay is not liable for any losses you may incur. Futures trading, in particular, is subject to high market risk and price volatility. All of your margin balance may be liquidated in the event of adverse price movement. Past performance is not a reliable predictor of future performance. Before trading, you should make an independent assessment of the appropriateness of the transaction in light of your own objectives and circumstances, including the risks and potential benefits. Consult your own advisers, where appropriate. This information should not be construed as financial or investment advice.