Margin Usage (MU) is the key indicator for managing risk on Pintu Futures. This guide explains what MU is, how to calculate it, its danger stage, what happens during liquidation, and how the Reduce-Only feature can help you manage your positions more safely.
Margin Usage (MU) is the amount of funds or collateral you use to maintain a leveraged position. On Pintu Futures, MU is shown as a percentage (%).
The higher the percentage, the more of your funds are tied up maintaining your position. Pintu Futures uses cross-margin, so MU reaching 100% can liquidate all your funds down to 0. Because of this, keep your MU within a safe range.
MU is calculated by dividing total maintenance margin by available margin plus total maintenance margin:
MU = Total Maintenance Margin / (Available Margin + Total Maintenance Margin)
Example:
MU enters the danger stage once it exceeds 75%. This means your position is at risk of liquidation. Liquidation occurs when MU reaches 100%.
When MU enters the danger stage, you can still lower it in two ways:
Liquidation is the process where your open position is automatically closed once MU reaches 100%. Since Pintu Futures uses cross-margin, liquidation can result in all your funds on Pintu Futures becoming 0.
When MU reaches 100%, the exchange runs a check before liquidating your account:
During liquidation, your remaining account balance is taken over by the Clearing House (PT KKI) to cover liquidation costs. Example: if you have Rp1,000,000 in maintenance margin at the time of liquidation, that amount is taken by the Clearing House, bringing your balance to zero.
After that, the Clearing House will strategically close your position in the order book to minimize market impact. If this results in a surplus, the excess is allocated to the insurance fund at CFX. The insurance fund serves as a protective reserve, so the winning party still receives their payout even if the counterparty defaults.
⚠️ Risk Notice: Leveraged futures trading carries high risk. You could lose all your funds in a short period. Make sure you understand how MU and liquidation work before opening a position.
Reduce-Only is a Futures order option that ensures your order can only reduce or close an open position, and will never open a new position or increase the size of an existing one.
When the Reduce-Only option is enabled, the system checks your order against your current open position:
Example: You have a Long position of 1 BTC. If you place a Sell order of 2 BTC with Reduce-Only, the system will only execute 1 BTC (closing the position), not the full 2 BTC, which would otherwise open a Short position of 1 BTC.
This feature is useful when you want to make sure an order only closes a position, for example when placing a Take Profit or Stop Loss order. With Reduce-Only, you avoid the risk of accidentally opening a new position in the opposite direction.
The order won’t increase your position. Depending on the condition, the order will either be rejected or automatically shrunk to match the remaining position size that can be reduced.
Yes. Reduce-Only can be used on both Limit and Market orders, including Take Profit / Stop Loss orders.
Some possible causes:
A regular order can increase, reduce, close, or flip a position’s direction. A Reduce-Only order can only reduce or close an existing position — providing an extra layer of safety for risk management.