What are the margin requirements and how do they apply to liquidations?

There are three key margin requirements that apply to different stages of liquidation:

1. Initial Margin Requirements: Your initial margin requirement represents the amount required to place an order to open a new position in your account and is determined by the size of the new position. 
   

2. Maintenance Margin Requirements: Your maintenance margin requirement represents the minimum amount of margin required to maintain your existing position. When your current margin drops below this level, it will result in an auto-liquidation.

3. Close out Margin Requirements: Your close out margin requirement represents the margin threshold where actions take place through Liquidity Support Program (LSP) and the Insurance Fund.

Please refer to the Liquidations page to learn more about how these margin requirements apply to liquidations.