# Futures Positions

# Target Rules

Linear Perpetual Futures

  • Collateral: USDC
  • Initial target of 33.3% margin ratio - 3x leverage
  • 42.5% target margin ratio - 2.35x leverage
  • 27.5% minimum margin ratio - 3.63x leverage

Exchanges:

  • Binance 50%
  • Hyperliquid 30%
  • Deribit 20%
  • HTX
  • Bybit
  • Kucoin

Reference: https://docs.resolv.xyz/litepaper/protocol-mechanics/collateral-pool/futures-positions

# Calculations

margin ratio = total equity / used margin

leverage = 1 / margin_ratio

total equity = cash balance + pnl of every position used margin = sum of (position size * position price)