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GlossaryIInitial Margin

Initial Margin

The upfront collateral required to open a leveraged position.

What is Initial Margin?

Initial margin on a Perp DEX is the amount of collateral a trader must deposit to open a leveraged position in a perpetual swap. For example, if Hyperliquid requires a 10% initial margin for a 10x leveraged $10,000 BTC position, the trader must deposit $1,000 in stablecoins or other assets to initiate the trade.

The initial margin is higher than the maintenance margin and acts as a buffer against market volatility. It is locked in a smart contract and monitored in real-time. If losses reduce the margin below the maintenance threshold, liquidation occurs unless the trader adds more funds. Initial margin requirements vary by platform and leverage level.

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