# Margining When you open a position on Ventuals, each position has its own margin allocation — independent from your other trades. This is Hyperliquid’s isolated-only margin system, which keeps risk compartmentalized so losses in one position cannot drain margin from another. You can choose your leverage (up to the asset’s max). Higher leverage requires less upfront margin. The formula is: $$ \text{Margin Required} = \frac{\text{Position Size} \times \text{Mark Price}}{\text{Leverage}} $$ As prices move, your unrealized PnL automatically updates the margin health of that specific position. If the margin in that position falls below its maintenance requirement, the position may be liquidated to prevent it from going negative. In isolated-only markets, margin is dedicated to that specific position. As you reduce or close size, margin — including any realized PnL — is released proportional to the amount closed. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.ventuals.com/trading/margining.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.