Future Wallet Guide

Introducing the Futures Wallet on SharkExchange

With the introduction of cross margin mode, SharkExchange 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:
The balance that can either be transferred to your Futures Wallet for trading or withdrawn to your bank account.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. 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:
  The amount you can use for new trades across all open positions or to meet margin requirements on existing positions.

• Locked Balance:
  Represents the 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:
  The amount available for new trades or to meet margin requirements on existing positions.

• Locked Balance:
  The margin currently reserved to maintain cross-mode 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. A higher ratio means you are closer to liquidation.

How to Transfer Funds Between INR Wallet and Futures Wallet

Users can easily transfer funds between 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 you have only isolated positions, you can transfer 100% of your available balance back 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 percentage will be retained to ensure enough margin remains to maintain your open cross 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, ensuring enough margin remains to cover potential losses.

Key Points to Note

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

• If you're experiencing unrealized losses, your available balance will decrease, limiting how much you can transfer out.

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

2. The transfer buffer ensures safety

The transfer buffer protects your positions from liquidation risk in cross mode, where available balance can fluctuate rapidly due to market volatility.

Conclusion

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