Margin Modes

Coinbase International Exchange offers two margin modes for determining margin requirements; Custom Margin Override Mode and Auto Margin Mode. 

• Custom Margin Override Mode 

  • Allows users to set a portfolio-wide margin percentage for all positions

  • Poses problems on some contracts that require a higher margin

    • If you exceed limits on position that requires a 50% margin, to continue trading you must set your margin override to 50% for your entire portfolio, including BTC-PERP and ETH-PERP that normally require 20%

  • May see position limit rejects due to calculation changes for higher leverage position limits

  • Please see here for a full list of position limits trading above Default Initial Margin

• Auto Margin Mode

  • This mode automatically calculates individual margin requirements for each contract based on risk profile

    • For example, it sets Default Initial Margins (DIM) of 20% for BTC-PERP and 50% for INJ-PERP

    • Please see here for a full list of Default Initial Margin requirements per contract

  • This mode is set on a per portfolio basis. To opt into this mode please use the following API Call:

    • /api/v1/portfolios/{portfolio-uuid}/auto-margin-enabled

    • Toggling auto margin mode will be subject to the following constraints:

      • The target portfolio must have sufficient funds to meet the newly calculated margin requirements

      • Leverage utilization, open notional, and position size high leverage risk checks must be satisfied under the newly calculated margin requirements

    • Please note that enabling this mode could increase your Initial Margin Requirements for some portfolios