Margin Trading

Leveraged trading on spot pairs with up to 10x leverage using a collateral account. Margin Trading provides access to the same liquid spot markets (e.g., BTC_USDT, ETH_USDT) with amplified exposure through borrowed funds.

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Capabilities

• Up to 10x leverage — Adjustable per account via the leverage endpoint
• Isolated Margin mode — Limit risk to the margin allocated to a specific position, preventing cross-position liquidation cascades
• 6 order types — Limit, Market, Stop-Limit, Trigger-Market, OCO, Bulk-Limit (details)
• Bulk orders — Place up to 20 collateral limit orders in a single call (endpoint)
• Position management — Open, monitor, and close positions programmatically (open positions, close)

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Who Uses This

• Hedge funds — Hedging spot holdings or amplifying directional exposure with controlled risk
• Prop trading firms — Leveraged strategies on liquid spot pairs with isolated margin for risk containment
• Experienced algo traders — Programmatic margin management through the collateral account API

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Common Integration Patterns

Hedging — Open opposing margin positions to offset risk on existing spot holdings. For example, short BTC_USDT on margin while holding BTC in a spot wallet. Use the collateral account balance endpoint to monitor margin utilization. Leveraged directional trading — Amplify exposure with controlled risk via isolated margin. Set leverage via the leverage endpoint, place orders, and monitor positions through the open positions endpoint. The API returns a liquidationPrice field in position responses for risk monitoring.

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Risk Context

Borrowed funds fee: A commission is charged for using borrowed funds — only applied when an order is at least partially executed. Unexecuted orders incur no borrowing fee. See the trading fees page for the current rate. No public endpoint returns the rate itself; accrued cost per open borrow arrives as unrealized_funding on the Borrows stream. Liquidation can occur when the maintenance margin threshold is breached. The Maintenance Margin Rate is 3% for leverage 1x–10x, and partial liquidation closes part of the position before full liquidation. Full mechanics — the maintenance margin schedule, leverage brackets, the liquidation sequence, and the liquidationPrice / liquidationState / marginFraction fields for risk monitoring: Liquidation and margin requirements.

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Technical Overview

Endpoint categories (shared with Futures Trading):

• Account & Balance — Balance, balance summary, account summary, leverage, hedge mode (6 endpoints)
• Order Management — Limit, bulk-limit, market, stop-limit, trigger-market, OCO, cancel (7 endpoints)
• Order Queries — Conditional orders, OCO orders (2 endpoints)
• Position Management — Open positions, ADL quantile (returns perpetual markets only), close position, position history, closed-position PNL, funding history (6 endpoints)

There is no collateral-specific modify endpoint. The shared modify order endpoint covers collateral markets. The pair name determines whether an order is Margin or Futures. Spot pairs (e.g., BTC_USDT) route to Margin. Perpetual pairs (e.g., BTC_PERP) route to Futures. For full endpoint documentation, see the Collateral Trading API Reference. For Go and PHP examples, see SDKs.

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What’s Next