What happens to my margin position when the underlying funds run out?
When your margin funding expires and your position is still open, the system will automatically reserve the required margin funding at the available rate.
When margin funding used for your active margin trading position expires, the platform will always use any manually reserved margin funding first and, if needed, will fill the remainder automatically with the currently available rates.
If you want more control over the rate and period of the margin funding, you can manually reserve margin funding via the Funding page before your current funding expires.
What if my funding runs out and there's no more left to borrow?
In the event that all of the offers in the funding book are exhausted and no funding is available to sustain active margin positions, Ethfinex will become the lender of last reserve for already active positions that need financing.
Can I open multiple margin positions for the same pair?
No. Only one margin position per trading pair can be opened at a time. With an open margin position, each time a new order is made on margin, if the previous position is not closed, the base price is adjusted to reflect the profit/loss partially realized by the new order.
What is the Base price?
The Base price is an approximation of the position’s breakeven price. Every time an order is made on margin, if the position is not closed, the base price is adjusted to reflect the profit/loss realized by the new order. The base price does not necessarily represent one trade price; rather, it represents the average price of the previous orders of this position.
What is a settlement?
Settlement is the process of correcting a negative balance.
Why do my profits convert to USD upon closing a trade?
Margin trading on Ethfinex will always settle your profits in the last symbol of a pair.
What does "No Reserve" mean?
When trading on margin, you need to receive funding from funding providers. If there is no funding provider available, your order will be canceled with the status message No Reserve, which means that no funding was available when the order should have executed.
In what order will my open margin positions close?
The position will close based on the borrowed funding’s interest rate. A position using funding at the highest rate is closed first.
Why am I receiving the following message - "Cannot place additional orders at the moment"?
This error can happen for two reasons-
- You hit our anti-spam limit, which prevents users from placing more than 256 orders within a 2-minute time frame.
- You hit our throttle dynamic limit, which prevents users from placing a new order when the trade engine lag increases. It is very rare, generally does not last more than a few seconds, and is designed to mitigate attacks by spam orders, regulate lag during a spike in activity and avoid flash crashes.