Arqen(@arqentrade):When you open a 5x perp position, nobody is lending you 4x extra capital. If you put up $100 at 5x, you get $500 of notional exposure. Your $100 margin collateralizes your downside. The maker pool separately provides the capital that pays trader profits. That separation matters: Trader margin covers trader losses. Pool capital covers winning trader claims. Leverage is exposure, not a loan.

Arqen

@arqentrade

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Arqen@arqentrade

2026.08.21 15:35

When you open a 5x perp position, nobody is lending you 4x extra capital. If you put up $100 at 5x, you get $500 of notional exposure. Your $100 margin collateralizes your downside. The maker pool separately provides the capital that pays trader profits. That separation matters: Trader margin covers trader losses. Pool capital covers winning trader claims. Leverage is exposure, not a loan.