Margin & Leverage

Pacifica offers Cross Margin and Isolated Margin modes. Margin mode is selected per trading pair, with Cross Margin as default.

Note: Margin mode cannot be changed for symbols with open positions. Leverage can be increased for symbols with open positions, but cannot be decreased until position is closed.

Cross Margin

Cross margin utilizes your entire account balance to support all open positions.

Account Value Calculation:

account_value = account_cash_balance + pnl

Profit and Loss (PnL) for cross-margined positions update continuously as market prices fluctuate, excluding isolated margin positions.

Isolated Margin

Isolated margin assigns a dedicated margin amount to each individual position.

Initial Margin Calculation

Regardless of margin mode, placing an order reserves initial margin based on your entry price, position size, selected leverage.

initial_margin = (position_size × entry_price / leverage)

Unrealized PnL and Withdrawable Balance.

Unrealised PnL can be withdrawn from isolated positions or cross-margined account account, but only if uPnL + account balance is at least 10% of the total notional position value of all open positions and meet the initial margin requirement: withdrawable_balance = account_balance + unrealized_pnl - max(initial_margin_required, 0.1 * total_position_value)

Also, account_balance cannot be withdrawn past zero, regardless of uPnL.