Margin & Liquidation
Margin & Liquidation
This page explains how margin level works in Portal and how to avoid liquidation when trading with leverage.
What is Margin Level?
Margin level helps you understand the health of your leveraged position:
Margin level = (balance + collateral) / total debt (Default: 999.00 when no positions are open)
Balance = any unrealized PnL (profit or loss)
Collateral = tokens you’ve deposited as margin
Total Debt = borrowed amount + accumulated funding cost
Risk Tiers
Low Risk
≥ 1.5
Position is healthy. Monitor market only.
Medium Risk
1.15 ≤ x < 1.5
Consider adding collateral or repaying.
High Risk
1.10 ≤ x < 1.15
Immediate action strongly recommended.
Liquidation
< 1.10
Position will be liquidated automatically.
⚠️ Liquidation Risk
When margin level drops below 1.10, your position is subject to forced liquidation to repay borrowed tokens.
What is Total Debt?
Your total debt includes:
Borrowed tokens used to open a position
Funding cost, which accrues hourly:
Funding cost = balance × funding rate × time
The longer your position is open, the more cost you accumulate — increasing liquidation risk.
How to Avoid Liquidation
Add collateral to increase your margin level
Repay borrowed tokens to reduce debt
Monitor market volatility and take early action when in the medium or high risk zones
💡 You can view your current margin level in the Portal dashboard at any time. Staying above 1.5 is recommended for lower risk.
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