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Spectre operates exclusively in Isolated Margin mode. This means that margin is dedicated to each individual position, protecting your wider portfolio from a single bad trade.

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How it Works

In Isolated Margin mode, the maximum amount you can transfer out of a position is limited by the maintenance margin required to keep that specific position open.

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Formulas

Spectre uses the following logic to calculate margin requirements and transfer limits. Initial Margin Calculation: Margin=Quantity×PriceLeverage\text{Margin} = \frac{\text{Quantity} \times \text{Price}}{\text{Leverage}} Maximum Transfer-In: Transfering funds into a position increases its safety buffer. Max In=min⁡(Wallet Balance−∑Other Margins,Available Balance)\text{Max In} = \min(\text{Wallet Balance} - \sum \text{Other Margins}, \text{Available Balance}) Maximum Transfer-Out: Transfering funds out reduces the safety buffer and increases liquidation risk. Max Out=max⁡(0,min⁡(Position Balance−Maintenance Margin,PnL Adjusted Balance))\text{Max Out} = \max(0, \min(\text{Position Balance} - \text{Maintenance Margin}, \text{PnL Adjusted Balance}))
Note: Transferring margin out reduces the buffer protecting your position. Removing too much margin can drastically increase your risk of liquidation.

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Risk Checks

The engine performs the following checks before accepting any new order or modification:
  1. New Order: Checks if Available Margin >= (Qty * Price) / Leverage.
  2. Modify Order: Checks if the additional margin required (if increasing size or price) is covered by the available balance.
If these checks fail, the order is rejected with an Insufficient margin error.