Margin Modes

Available margin modes and how they work.

Scape inherits its margining from HyperCore. All Scape markets are isolated margin only. Collateral is confined to a single position, so a loss in one market cannot cascade into another.

Initial Margin and Leverage

Leverage can be set to any integer from 1 up to the market maximum. Per-market maximums are listed under Commodities. The margin required to open a position is:

$$\text{initial margin} = \frac{\text{position size} \times \text{mark price}}{\text{leverage}}$$

Leverage is checked only when opening a position. Afterward, the trader is responsible for monitoring leverage usage to avoid liquidation. Margin can be added or removed post-open, and unrealized P&L counts as additional margin.

Maintenance Margin

The maintenance margin is the minimum collateral needed to avoid liquidation. When account equity (collateral plus P&L) falls below it, the position is liquidated. Maintenance margin is half the initial margin at the market’s maximum leverage.

Position Limits

Each market caps the position any one account can hold as a fraction of its open-interest cap. The limit graduates with market-maker tier — see Scape’s Market Maker Specification for the schedule.