BTSE's Order Calculator

Updated: Oct 25, 2019

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On the BTSE exchange, listed below order details, you will notice the following fields: Margin Requirement (Margin Req.), Liquidation Price (Liq. Price), Leverage, and Maximum Size (Max Size).



Margin Requirement (Margin Req.)

Margin requirement calculates the amount of funds necessary to enter any given trade, depending on the leverage used. If you want to enter a one BTC (1,000 contracts) long position with 1x leverage while BTC is priced at $10,000, you need $10,000 in your BTSE Perpetual Futures Wallet for the trade. Using 10x leverage for the same trade, you would only need $1,000. Using 100x leverage, you would only need $100.


With $1,000 in your BTSE Perpetual Futures Wallet, if you go long 1,000 Bitcoin Perpetual Futures Contracts (BTCPFC) using 100x leverage while BTC is priced at $10,000, you only have allocated $100 to that trade, leaving $900 in your wallet available for additional positions, or available to add to that open position.


Liquidation Price (Liq. Price)

The liquidation price is a level set in place, depending on order size, that prevents losing positions from going too far in the red. Without liquidation levels, positions could potentially leave users with negative account balances.


If the price on the BTSE exchange hits your liquidation price, your position will be closed automatically. This liquidation price is calculated based on the amount of funds in your wallet for the product you are trading. If you have $10,000 on the BTSE exchange, but only $1,000 of it is in your BTSE Bitcoin Perpetual Futures Wallet, then your liquidation price is calculated based on $1,000 and not $10,000.


You will also notice the liquidation price, as well as the other categories, has a red and a green side. Each side corresponds to the order entered, with the red side showing numbers for a short position and the green side showing numbers for a long position. Entering 1,000 in the contract order box will result in two separate numbers (red and green) appearing in the liquidation price category, which show the estimated new liquidation price for an order of that size, depending on the amount of leverage used. Additionally, positions and orders that are already open can impact these numbers when typing in new orders.


Leverage

Leverage in this section shows the current amount of leverage you are using for open orders while factoring in the amount of unused funds you have in your wallet for the related trading product, as well as orders your are placing. Inputting numbers in the order fields above will cause this number to adjust.


For example, if you have $1,000 in your BTSE Bitcoin Perpetual Futures Wallet and you enter a 1,000 BTCPFC long position at 10x leverage while BTC is at $10,000, your leverage in this section will show up as 10x, because all of your funds are in that position at 10x leverage.


In contrast, if you enter a 1,000 BTCPFC long position at 100x leverage while BTC is at $10,000, your leverage in this section will still show up as 10x in this section, even though you only have $100 of your funds in an open order at the time.


If you enter a 500 BTCPFC long position at 100x leverage while BTC is at $10,000, your leverage in this section will show up as 5x. This calculation takes into account the amount of funds in your wallet being used, compared to your notional value exposure of your open positions.


Maximum Size (Max Size)

The maximum size describes the maximum position size you can use to enter a trade. This size depends on the amount of funds in your wallet for the product you are trading (BTCPFC Wallet, etc.). For example, if you have $1,000 in your BTCPFC wallet and your max size number shows up as 8,000, you cannot enter a position larger than 8,000 contracts (eight BTC). This number also varies depending on your open positions. Your total open orders cannot exceed 8,000 contracts.


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