Futures Wallet - Mobile

Introducing the Futures Wallet on Pi42

With the introduction of cross margin mode, Pi42 now provides an additional Futures Wallet to streamline margin trading activities. This update ensures that users have better control over their funds and margin requirements for both cross and isolated mode positions.

1. INR Wallet

The INR Wallet will serve as your funding wallet, where you can:

• Deposit INR funds from your registered bank account.

• Withdraw INR funds back to your bank account.

• Transfer funds to the Futures Wallet

In this wallet, you'll see:

• Available Balance: This is the balance that can either be transferred to your Futures Wallet for trading or withdrawn to your bank account.

2. Futures Wallet

The Futures Wallet is where funds must be transferred to manage positions and place new orders. Here, the wallet details will vary depending on the Margin Mode you select.

Isolated Mode

Total Wallet Balance: The total amount of funds in your Futures Wallet, shared across both Cross and Isolated positions.

Available Balance: Available balance is the amount you can use for new trades across all open positions or to meet margin requirements on existing positions.  

Locked Balance: Locked balance here represents margin locked in isolated positions only

Cross Mode

In cross margin mode, the system uses your entire wallet balance to maintain positions. The wallet will display:

• Total Wallet Balance:  The total amount of funds in your Futures Wallet, shared across both Cross and Isolated positions.

• Available Balance: Available balance is the amount you can use for new trades across all open positions or to meet margin requirements on existing positions.

• Locked Balance: Available balance is the amount you can use for new trades across all open positions or to meet margin requirements on existing positions.

• Maintenance Margin: The minimum balance needed to keep cross margin positions open. Falling below this level could trigger liquidation.

• Margin Ratio: The percentage of your Maintenance Margin relative to your Margin Balance, indicating how much of your wallet is used for cross positions. A higher ratio means closer to liquidation.

How to Transfer Funds Between INR Wallet and Futures Wallet

Users can easily transfer funds to and from the INR Wallet and Futures Wallet:

Transfer Into Futures Wallet

• You can transfer 100% of your available balance from the INR Wallet to the Futures Wallet.

Transfer Out of Futures Wallet

If you have no open positions or open orders or have only isolated positions, then you can transfer 100% funds from available balance back from the Futures Wallet to the INR Wallet.

If you have positions in cross margin mode, your available balance will adjust based on unrealized P&L. Therefore, you cannot transfer 100% of the funds back to your INR Wallet. A % transfer buffer will be kept, to be transferred back, ensuring there are enough funds to maintain your open positions.

Transfer Buffer

• If you have no positions or only isolated positions, 100% of your available balance can be transferred. With cross positions, a buffer is applied to protect your positions during high volatility by ensuring enough available margin remains to cover potential fluctuations.

Key Points to Note

1. In cross margin mode, the available balance is affected by unrealized P&L.

   • If you're experiencing unrealized losses, the available balance will decrease, limiting the amount you can transfer out.
     
     

   • If you're experiencing unrealized profits, your available balance will not increase beyond the initial balance, meaning unrealized profits cannot be used for new positions or transfers.
     
     

2. The transfer % buffer ensures that your positions remain safe in cross margin mode, where the available balance can fluctuate due to changing market conditions.

Conclusion

The addition of the Futures Wallet provides Pi42 users with more flexibility and transparency in managing their funds for margin trading. The ability to transfer between wallets gives you control over how your funds are allocated while ensuring that positions in cross margin mode are safely maintained.

For any further questions, feel free to reach out to our support team.

This help article will give your users a clear understanding of the new wallet functionality and how it impacts their trading experience on Pi42.