What is bitFlyer Crypto CFD?

Before being able to trade on bitFlyer Crypto CFD, it is necessary to make a margin deposit.

bitFlyer Crypto CFD regularly checks the status of margin deposits. If the retention rate of your deposit drops below a fixed level (maintenance margin), it will trigger a "margin call" or "sell out".

For more information on the retention rate of earnest money set forth by bitFlyer, please refer to the Fees & Taxes page.

For rules on margin calls and sell out, please refer to bitFlyer Crypto CFD Trading Rules.

The maintenance margin can be determined using the method below.

Terms related to margin deposits, profit and loss is defined as follows.

Maintenance margin rate

Valuation margin÷Required margin

Valuation margin

Total margin deposit + Valuation Gains and Losses

Total margin deposit

The margin customers have deposited into their accounts with bitFlyer

Valuation Gains and Losses

Position valuation Gains and Losses - Unsettled leverage point Losses - Fees - Unsettled funding rate Losses

(if the collected funding rate amount exceeds the granted funding rate amount)

Position valuation Gains and Losses - Unsettled leverage point Losses - Fees + Unsettled funding rate Gains

(if the granted funding rate amount exceeds the collected funding rate amount)

Position valuation Gains and Losses

The gains and losses incurred on a position

(It is calculated by multiplying the quantity of the bitFlyer Crypto CFD position by the difference between the most recent trading price on bitFlyer Crypto CFD and the executed price at which the position was formed on bitFlyer Crypto CFD)

Unsettled leverage point losses

The total amount of leverage point losses accumulated until the position is settled

Fees

The fee for the trade

Unsettled funding rate Gains and Losses

The gains or losses that occur due to the collection or grants of funding rates

Required margin

Margin required for maintenance of position + Margin required for orders

Margin required for maintenance of position

The margin necessary to maintain a position

(It is calculated as "Most recent spot trading price per unit of the applicable crypto asset on Lightning Spot × Position quantity × Margin rate." Any fractional amounts are rounded up.)

Margin required for orders

The margin amount necessary for placing new orders

(It is calculated as the sum of "bitFlyer Crypto CFD Trading order price × Order quantity × Margin rate" for each order. Any fractional amounts are rounded up.)