Margin Requirements

All contracts on Everstrike are USD-margined. By default, positions share the same margin pool (Cross Margin). Traders can optionally switch to Isolated Margin. Portfolio Margin is not supported at this stage.

​Perpetual Futures Margin Requirements

Min. Initial Margin	0.01 * Position Size + Abs(Funding Rate) * Position Size
Min. Maintenance Margin	0.005 * Position Size + Abs(Funding Rate) * Position Size

Perpetual Options Margin Requirements

Min. Initial Margin (Long Call)	1.00 * Position Size + Abs(Funding Rate) * Position Size
Min. Initial Margin (Long Put)	1.00 * Position Size + Abs(Funding Rate) * Position Size
Min. Maintenance Margin (Long Call)	0.50 * Position Size + Abs(Funding Rate) * Position Size
Min. Maintenance Margin (Long Put)	0.50 * Position Size + Abs(Funding Rate) * Position Size
Min. Initial Margin (Short Call)	Max (0.06 * Underlier Index Price - OTM Amount/Underlier Index Price, 0.04 * Underlier Index Price) + Mark Price + Abs(Funding Rate) * Position Size
Min. Initial Margin (Short Put)	Max (Max (0.06 * Underlier Index Price - OTM Amount/Underlier Index Price, 0.04 * Underlier Index Price) + Mark Price, Min. Maintenance Margin) + Abs(Funding Rate) * Position Size
Min. Maintenance Margin (Short Call)	0.02 * Underlier Index Price + Mark Price + Abs(Funding Rate) * Position Size
Min. Maintenance Margin (Short Put)	Max (0.02 * Underlier Index Price, 0.02 * Mark Price) + Mark Price + Abs(Funding Rate) * Position Size

Notes:

• Abs(Funding Rate) refers to the absolute value of the Funding Rate. It is capped at 0.3% for perpetual futures and 10% for perpetual options.

• Underlier refers to the underlying asset of the derivatives contract.

• OTM Amount refers to the out-of-the-money (OTM) amount of the options contract. An options contract that is $1,000 out-of-the-money will have an OTM Amount of $1,000.

• Index Price refers to the Everstrike Index Price.

• Mark Price refers to the Everstrike Mark Price.