The JEX futures contract currently uses an Isolated Margin model. And the margin allocated to the position is limited to a certain amount. If the margin of the position falls below the maintenance margin, the position will be closed. In this mode, you can still manually increase or decrease the margin of the position.
In this mode, your liability is limited to the initial margin posted. In the event of a liquidation, any Available Balance you may have will not be used to add margin to your position.
The user can adjust the leverage of the position through the lever slider of the "position" of the "Futures Trading" page. The higher the leverage, the less the Position Margin of the position will be, the more likely the position will be liquidated. The leverage of each futures contract is saved and the current position and new commission will apply to this leverage, even if it is completely closed.
In addition, the user can still increase/decrease the margin through the position margin modification module in the position list, thereby selecting the desired trigger price.
The JEX perpetual contract uses a fair mark price, meaning that the Unrealized PNL (profit and loss) is calculated based on a fair mark price. When prices fluctuate extremely, market prices may deviate significantly from the fair mark price. Thus it is possible to open a position in a certain direction and see that the Unrealized PNL is negative. But please note that this doesn't mean that the user has already lost money. It is wise to avoid using the highest leverage in such environment, thereby reducing the impact of Liquidation risk from market prices and fair price deviations.
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