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All contracts on Everstrike are USD-margined and settled in evUSD. Cross Margin is the default mode: your positions share a single margin pool, and the system evaluates your account-wide collateral. You can optionally switch individual positions to Isolated Margin, where each position carries its own dedicated margin. If your margin falls below the minimum maintenance requirement, the position becomes subject to liquidation.

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Perpetual Futures

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Perpetual Options Long

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Perpetual Options Short

Abs(Funding Rate) is capped at 0.3% for perpetual futures and 10% for perpetual options when used in the margin formulas above.

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Definitions

  • Abs(Funding Rate): the absolute value of the current Funding Rate. Always non-negative.
  • OTM Amount: the out-of-the-money amount of the options contract. A contract that is 1,000out−of−the−moneyhasanOTMAmountof1,000 out-of-the-money has an OTM Amount of 1,000. An in-the-money or at-the-money contract has an OTM Amount of $0.
  • Underlier Index Price: the Index Price of the underlying asset of the derivatives contract.
  • Mark Price: the manipulation-resistant reference price used for margin and liquidation calculations. See Mark Price.
Portfolio Margin is not currently supported on Everstrike. All accounts use either Cross Margin or Isolated Margin.