> For the complete documentation index, see [llms.txt](https://docs.ventuals.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.ventuals.com/trading/margining.md).

# 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.


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