Crypto Perpetuals Risk & Margin Lab

Simulate liquidation thresholds, leverage stress, and cumulative 8-hour funding cash flows for Moscow Exchange's 5 crypto contracts (BTC, ETH, SOL, XRP, TRX) and global perpetuals.

Asset Preset:
Liquidation Price $57,920.00 -9.50% cushion
Initial Margin Required $6,400.00 10.0% of notional
Projected Funding Carry -$134.40 10.95% Annualized
Bankruptcy Price (0 Equity) $57,600.00 Effective 10.0x
PnL & Liquidation Boundary Diagram Drag slider below to stress test
Net PnL
Liquidation Threshold
Current Sim Price
One-Click Market Shock Scenarios Simulate real crypto volatility
$64,000 (+0.0%)
Operating at Baseline: Simulated price equals entry price. Position is safe with 9.5% liquidation cushion.
PnL: $0.00

🇷🇺 Moscow Exchange (MOEX) Perps Mechanics

MOEX's launch of perpetual futures on BTC, ETH, SOL, XRP, and TRX brings crypto derivatives onto a regulated Russian financial market infrastructure.

  • Settlement Basis: Perpetual futures lack fixed expiry dates, rolling indefinitely via an ongoing funding fee mechanism that tethers contract price to spot index.
  • Clearing & Ruble/USDT Parity: While underlying indices track global USD spot rates, margin and settlement balances typically settle through clearing house accounts.
  • Contract Sizing: Micro-contract fractions allow domestic institutional and retail hedgers to mitigate exchange rate and commodity fluctuations.

📐 How Liquidation is Calculated

Liquidation occurs when your account equity falls below the Maintenance Margin Requirement (MMR).

  • For Longs: Liq = Entry × (1 - (1/Leverage) + MMR)
  • For Shorts: Liq = Entry × (1 + (1/Leverage) - MMR)
  • Maintenance Margin: The regulatory minimum capital buffer needed to keep contracts open without triggering partial auto-deleveraging or liquidation engine auction.

⏱️ The Funding Rate Carry Drift

Funding rates are paid between longs and shorts every 8 hours (3 times daily) to prevent futures basis from drifting too far from spot:

  • Positive Funding (+): Longs pay shorts. If the market is bullish, holding leveraged longs incurs daily capital bleed (e.g. +0.01% / 8h is ~10.95% APR).
  • Negative Funding (-): Shorts pay longs, penalizing crowded short positions during capitulation sell-offs.
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