paperliquid
Trading

Orders and margin

How positions, margin and position size work.

Every trade opens its own self-contained position with isolated margin. A loss on one position never touches the margin of another.

RuleValue
Order typeMarket (fills immediately)
Margin modeIsolated, per position
Minimum margin10 pUSD
Maximum position size10,000,000 pUSD (margin × leverage)
Open positions at onceUp to 10

Position size

Position size = margin × leverage. With 200 pUSD of margin at 100x, your position is 20,000 pUSD, so a 1% price move is a 200 pUSD gain or loss, which is your whole margin.

Changing a position

  • You can't add margin to an open position or change its leverage.
  • Closing always closes the full position.
  • To scale in, open another position. To reduce risk, close and reopen smaller.
  • Close all closes every open position at once.