BETAWEB3

Margin & Collateral (USDC-M Collateral System)

Margin is the collateral used to open and maintain a leveraged position.

Single-Asset Margin Model (USDC-M)

TTT perpetual markets operate under a Single-Asset Margin (USDC-M) model, where USDC is used as the primary collateral and settlement asset across all perpetual markets. Margin allocation, unrealized and realized PnL, funding payments, trading fees, and final settlement are all denominated and settled in USDC, while contracts themselves are quoted based on the underlying asset price, such as BTC in BTCUSDC. This allows traders to gain exposure to underlying market price movements while keeping collateral, settlement, and account balance management unified under a single stablecoin-based margin system.

Initial Margin Calculation

Formula:

Initial Margin = Position Size / Leverage

Example

  • Position Size: 5,000 USDC
  • Leverage: 25x

Required margin:

5,000 / 25 = 200 USDC

Position Size Calculation

Position Size represents the total leveraged value of your trade.

Formula:

Position Size = Margin × Leverage

Example

  • Margin: 200 USDC
  • Leverage: 25x

Calculation:

200 × 25 = 5,000 USDC

Result:

  • Total Position Size = 5,000 USDC

This means:

  • You are controlling a 5,000 USDC position
  • While only using 200 USDC of your own balance as margin