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FUTURES GUIDE

Crypto Futures Margin: Isolated, Cross and Maintenance Margin

Isolated margin focuses on allocated position margin; cross margin also depends on shared eligible collateral and other positions. Initial margin is an opening requirement, while maintenance margin is a holding requirement.

Source review date: · Published by HaesunCheck

Educational information using Bybit rules as documented examples. Other venues, products and account settings may differ. Hypothetical figures are not current rates or trading instructions.

What changes between margin modes

This is a conceptual comparison. Bybit UTA selects margin mode at account level; other venues may differ. Check automatic margin replenishment separately.

What changes between margin modes
ModeMain scope
IsolatedAllocated position margin and replenishment settings
CrossEligible collateral, other P&L and account maintenance requirements
PortfolioVenue-specific portfolio risk assessment

Sources: Bybit — Margin Modes in UTA

A hypothetical margin calculation

Illustrative assumptions: 0.2 BTC at a valuation price of 50,000 USDT gives 10,000 USDT notional. At 10× leverage, simple initial margin is 1,000 USDT. With a hypothetical 0.5% maintenance rate and zero deduction, simple maintenance margin is 50 USDT.

This example excludes fees, funding, collateral haircuts, unrealized P&L and extra margin. Actual Bybit linear-contract requirements use mark-price valuation and may include estimated closing fees. The hypothetical rate is not an exchange quote.

Sources: Bybit — Margin Calculations

Can one maintenance rate cover every position size?

Risk tiers can change maintenance rates, deductions and leverage limits. Bybit considers relevant positions and active orders, so held quantity alone may not identify the applicable tier.

Sources: Bybit — Risk Limits

Before changing margin mode

  • Supported products, open orders, borrowing and collateral settings
  • Other positions’ P&L and account maintenance margin ratio
  • Automatic replenishment and the account’s actual liquidation criteria

Sources: Bybit — Margin Modes in UTA

Questions and answers

Does cross margin prevent liquidation?

No. Liquidation can occur when account maintenance requirements are no longer met. An estimated liquidation price does not capture the entire account’s risk.

Does equal leverage imply equal required collateral?

Not when notional value, contract, margin mode, tier, fees or collateral valuation differ. Inspect the actual order confirmation instead of comparing leverage alone.

Official sources and review scope

The official documents below were reviewed on the stated date. Rules may change and your account records remain necessary to investigate a specific event. Hypothetical examples are our explanations.

Editorial policy (Korean) · Corrections (Korean)