4. Margin Trading
4.1 Initial Margin
Initial Margin refers to the collateral placed in order to open up a leveraged position. Only Bonus & USDT can be used as initial margin.
4.2 Isolated Margin
Flipster employs the Isolated Margin system. Margins are allocated to each position and not shared across symbols. Even if one isolated margin position is liquidated, the other isolated margin position is not affected, and vice versa.
Check out an in-depth explanation of Margin Systems.
4.3 Maintenance Margin
Maintenance Margin refers to the minimum amount of collateral required for your position to remain open. Beyond this point, liquidation occurs.
Check out an in-depth explanation of Margin Trading.
4.4 Liquidation
On the Flipster platform, traders are able to take up larger positions by employing leverage. If the market moves against these positions and collateral levels fall below the maintenance margin, the positions are subject to liquidation.
If and when liquidation occurs, our Backstop Liquidity Provider automatically unwinds the position.
For long positions, if the position is executed above the bankruptcy price, margin remains. The remaining margin will go into the Insurance Fund
For long positions, if the position is executed at a lower price than the bankruptcy price, losses will occur. The loss incurred will be covered by the Insurance Fund
Check out an in-depth explanation of the insurance fund mechanism.
4.5 Multiple Orders
On the Flipster platform, traders are able to open up to 5 positions and/or pending orders per symbol. This can be a combination of long and short positions or differing leverage amounts applied to each position.
Learn how to trade with multiple orders in this step-by-step guide.
4.6 Trigger Orders
A trigger order or conditional market order is an instruction placed by the user to execute a trade only if specific conditions are met. These conditions are based on a specified mid price of the perpetual swap contract.
Learn how to trade with trigger orders in this step-by-step guide.
4.7 Closing Price
A closing price or conditional market order is an instruction placed by the user to close a position only if specific conditions are met. These conditions are based on a specified mid price of the perpetual swap contract.
Learn how to set take profit and stop loss in this step-by-step guide.