Leverage

BLADE offers market-leading leverage for the benefit of its users. Applying leverage to a position will enhance exposure, multiplying both gains and losses.

A position’s chosen margin policy (and chosen leverage for isolated margin positions) determines the position’s margin requirements.

BLADE’s maximum available leverage and the corresponding margin requirements are summarized in the following table:

ContractTypeLeverageBase IM%Base MM%Scaling Margin Requirements (IM & MM)
BTC/USDInverse150X0.67%0.50%2.00% per ₿100 after the first ₿0.10 of position notional
BTC/KRWInverse150X0.67%0.50%2.00% per ₿100 after the first ₿0.10 of position notional
ETH/USDTVanilla50X2.00%1.50%2.00% per ₮1,000,000 after the first ₮1,000 of position notional
XRP/USDTVanilla50X2.00%1.50%2.00% per ₮1,000,000 after the first ₮1,000 of position notional
ZEC/USDTVanilla50X2.00%1.50%2.00% per ₮1,000,000 after the first ₮1,000 of position notional
XMR/BTCVanilla50X2.00%1.50%2.00% per ₿100 after the first ₿0.10 of position notional
DOGE/USDTVanilla50X2.00%1.50%2.00% per ₮1,000,000 after the first ₮1,000 of position notional

Margin requirements on BLADE scale linearly after either the first ₿0.10 or ₮1,000 in position notional in order to protect exchange participants from counterparty losses.

For example, a BTC/USD inverse perpetuals position with ₿100 position notional using cross margin or isolated margin at 150x leverage requires:

  • Initial Margin = Base IM% + (Position Notional <sub>BTC</sub> - ₿0.10) / ₿100 * 2.00% = 0.67% + (₿100 - ₿0.10) / ₿100 * 2.00% = 2.668%
  • Maintenance Margin = Base MM% + (Position Notional <sub>BTC</sub> - ₿0.10) / ₿100 * 2.00% = 0.50% + (₿100 - ₿0.10) / ₿100 * 2.00% = 2.498%

As another example, a ZEC/USDT vanilla perpetuals position with ₮1,000,000 position notional using cross margin or isolated margin at 150x leverage requires:

  • Maintenance Margin = Base MM% + (Position Notional <sub>USDT</sub> - ₮2,000) / ₮1,000,000 * 2.00% = 1.50% + (₮1,000,000 - ₮1,000) / ₮1,000,000 * 2.00% = 3.498%
  • Maintenance Margin = Base MM% + (Position Notional <sub>USDT</sub> - ₮2,000) / ₮1,000,000 * 2.00% = 1.50% + (₮1,000,000 - ₮1,000) / ₮1,000,000 * 2.00% = 3.498%