Spot Margin Trading Terminology and Calculation Formulas
This tutorial will explain a series of terms related to margin trading:
First, select Margin Trading under the trading page to enter the spot margin trading page.
**1.**Assets:
Currency Equity: The total equity of a currency asset in your account across both cross-margin and isolated positions.
Available Assets: Funds in your spot margin account that can be used to place orders, including both transferred and borrowed amounts.
Frozen Assets: Funds in your spot margin account that cannot be used to place orders, generally referring to portions currently pending order execution.
2**.**Margin Ratio and Liquidation:
**Margin Ratio: ** An indicator evaluating liquidation risk in spot margin accounts.
When the position margin ratio < 300%, the system issues a margin call warning to your account. Please be aware of the reduction risk. 300% is a warning parameter, and OKX reserves the right to adjust this parameter based on actual conditions.
When the position margin ratio < 100%, the position triggers forced reduction, which will cancel your opposing pending orders. Part or all of your leveraged positions will be transferred to the liquidation engine.
**Liquidation: ** When a spot margin account's margin ratio ≤ 100%, the system will execute forced liquidation/reduction, using assets in the account to repay borrowed coin debts.
Estimated Liquidation Price: The price of the underlying asset when a single currency cross position meets liquidation conditions. On OKX, each borrowed coin requires a certain proportion of margin. When adverse market changes occur, such as market trend reversal, and the total assets of the current spot margin account shrink to a certain limit, the system will forcibly sell the spot margin account assets at the best market price through limit orders to liquidate borrowed coins and interest. The price calculated by the system at this time is the estimated liquidation price.
**Liquidation Penalty Fee: ** After the system forcibly liquidates/reduces positions to repay debts, a liquidation penalty fee will be charged and injected into the margin trading risk reserve, used to share the deficit losses of liquidated margin accounts.
Disclaimer
This article may contain product-related content not applicable to your region. This article is intended to provide general information only and does not accept responsibility for any factual errors or omissions herein. This article represents only the author's personal views and does not represent the views of OKX. This article is not intended to provide any advice, including but not limited to: (i) investment advice or investment recommendations; (ii) offers or solicitations to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Holding digital assets (including stablecoins) involves high risk, may fluctuate significantly, and may even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you based on your financial situation. For questions regarding your specific situation, please consult your legal/tax/investment professional. The information appearing in this article (including market data and statistics, if any) is for general reference only. While we have taken all reasonable precautions in preparing these data and charts, we accept no responsibility for any factual errors or omissions expressed herein. © 2025 OKX. This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less from this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: "© 2025 OKX, used with permission." Permitted excerpts must cite the article name and include attribution, for example "Article Name, [Author Name (if applicable)], © 2025 OKX". Derivative works or other uses of this article are not permitted.
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