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  3. How do I Adjust the Margin on My Position?

How do I Adjust the Margin on My Position?

Phemex provides two types of margin options (What is Cross and Isolated Margin?). The procedures to adjust margin will vary depending on the type of position.

Isolated Margin Position

Assuming that leverage remains the same, adding margin to a position will help increase the distance to liquidation price (What is Liquidation?).

Adding Margin

To add margin to an isolated margin position, perform the following steps:

  1. Log in to Phemex.com and access the Contract Trading page.
  2. From your Open Positions tab, click the target symbol you wish to adjust.
  3. In the Leverage Module on the left side of the page, make sure you do not have Cross Margin set by moving the slider away from Cross to any of the Isolated Margin multipliers.
  4. Click the number under the Margin column for your open position.
  5. In the new window that appears, enter the value of margin you wish to add into the Amount box.
  6. Click Confirm.

Alternatively, if your position began with more than 1x leverage, lowering the leverage will also increase margin by a predetermined amount.

NOTE: How much margin can be added will depend on how much you have in unused available funds within the trading account.

Removing Margin

Removing margin from a position will shorten the distance to liquidation price. The shorter the distance, the higher the chance your position will get liquidated. There are different methods to remove margin depending on whether margin was previously added or not. If margin was added to a position, perform the following steps to remove:

  1. Log in to Phemex.com and access the Contract Trading page.
  2. From your Open Positions tab, click the target symbol you wish to adjust.
  3. In the Leverage Module on the left side of the page, make sure you do not have Cross Margin set by moving the slider away from Cross to any of the Isolated Margin multipliers.
  4. Click the number under the Margin column for your open position.
  5. In the new window that appears, click the Remove option and enter the value of margin you wish to remove into the Amount box.
  6. Click Confirm.

NOTE: 

  • Once again, using this method will only work for a position that has previously had margin added to it.
  • After margin is added to a position, if the Unrealized PnL is positive, you will be able to remove as much as the total added amount.
  • If the Unrealized PnL is negative, you will only be able to remove the original amount minus the loss in Unrealized PnlL.
  • If the negative Unrealized PnL exceeds the original amount of added margin, the removable amount will be 0.

Alternatively, if your position began with less than the maximum allowed leverage, increasing the leverage will also decrease margin by a predetermined amount.

NOTE:  For all types of margin adjustments through modifying leverage, please note that the value of your unrealized PnL will also determine how much the margin gets adjusted.

Cross Margin Position

A cross margin position already employs all of the available funds within your trading account to extend the distance to liquidation price as much as possible.

Adding Margin

There is no way to add margin through the Open Positions tab for cross positions. Instead, adding margin would involve adding funds to the trading account.

Please review “How do I fund my Contract Trading Accounts?

Removing Margin

Again, removing margin from cross positions would entail removing available funds from the trading account. Similarly, opening new positions within that trading account would also lower the amount of margin available for other cross positions. The lower your margin, the closer the distance to your liquidation price (meaning higher risk of liquidation).


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