As shown in the red box of the picture below, you can select your preferred margin mode and choose a leverage level. BitMart currently offers a choice of multiple adjustable leverages and supports 100x leverage in cross position and 10x-100x in an independent position. If you choose to open a position with a leverage of 10x-100x, that means you are trying to choose an independent margin mode. If you choose cross margin mode, which means you are trying to choose the highest leverage. By using the leverage, you can utilize the capital for trading and generate more returns, but it also multiplies the risk of your trading at the same time.
When using leverage for futures trading, users should place a certain amount of funds as collateral. It is called a “margin”. Margin is denominated in underlying cryptocurrencies in coin-margined trading. For USDT-margined trading, margins are denominated in USDT.
In the trading section, you can choose the leverage level. The system will calculate the maximum value of your position based on the leverage and the amount of margin requires to maintain your position. As shown in the two pictures below, if your total asset is 8.7450 USDT. When choosing a 10x leverage, the maximum contract quantity is 162. Instead of 10x, if you select 100x leverage, the maximum contract quantity will increase to 1,382.
BitMart offers two margin modes, which are cross margin mode and independent margin mode.
If you choose cross margin mode, which means all available balances of yours futures account will be used as margin to avoid a forced liquidation. The profits that have been realized by any other positions can also be used to add margin to losing position. That is, margin is shared among positions. When necessary, a future position will call more margins from account balance to avoid close-out.
Independent margin refers to that the margin allocated for a position at opening time is controlled within a certain amount. If the margin for the position is lower than the maintenance margin level, the position will be liquidated forcibly. Through independent margin mode, you can limit your maximum loss to the initial margin used for the position.
For more information, please read >>> Margin
How to differentiate between nominal leverage and actual leverage?
Nominal leverage refers to the leverage that you select when you open position. After setting the leverage, the system calculates the maximum available number of contracts and the amount of margin required to open a position.
Actual leverage refers to the actual leverage calculated based on the value of your holdings and the margin required. You can check your actual leverage at the position pointed by the red arrow in the image below.