What is futures leverage level?
Futures leverage directly determines the initial margin you need to open a position. Under the same contract value, the higher the leverage level, the lower the initial margin required.
Initial Margin = Contract Value / Leverage Level.
The maximum leverage supported by different contracts is different, click here to view the maximum leverage of different contracts.
Example:
| Product | Qty.B | Mark Price | Contract Value |
| BTC-USDT-PERPETUAL | -4.617 | 37,462.18 | -172,962.87 |
Based on the contract price, it falls into the second tier of the stepped leverage, with a maximum leverage multiple of 25, and a maintenance margin rate of 2%.
IM=172962.87/10=17296.287
This customer has set a custom leverage of 10X
MM=172962.87*2%-500=2959.2574
How to adjust futures leverage?
You can adjust the leverage of futures contracts in two ways
1. Order area
Click the leverage level at the top of the order area to enter the leverage setting window.
In the leverage adjustment window, you can manually enter the leverage level or slide the cursor to adjust the leverage level.
Click [OK] to complete the modification of the leverage level.
2. Position area
If you already have a futures position, you can also click the leverage level on the right side of the product name to enter the leverage adjustment page.
NB
- If you have an open order for the current futures product, you need to cancel the open order first to adjust the leverage.
- If you already have a position in the current futures product, the adjustment of the leverage level will affect the initial margin of the existing position and the initial margin of the subsequent new orders.