BRVX Glossary · Collateral · Updated September 24, 2026
In trading, collateral is the asset a trader deposits to back a leveraged position. It backs the position's potential losses: gains are added to it, losses are deducted from it, and if it falls too far the position is liquidated.
The formula
Equity Collateral + Unrealised PnL
Gains are added to the collateral and losses taken from it until the position closes.
How it works
- Deposit Collateral
- Trade PnL adds or subtracts
- Too low Liquidation
Try it on XAUT/USDT
Live XAUT/USDT tariff. Simplified estimate: opening fee included, closing fee and funding not.
Move against you to liquidation 2.51%
- Position size
- 3,000 USDT
- Opening fee
- 2.4 USDT
On this page
Collateral vs margin
The words overlap. Collateral is what you deposit; margin is the part of it committed to a specific position. A venue may accept several assets as collateral while measuring margin in one unit, such as USDT.
Stablecoin vs volatile collateral
Stablecoin collateral keeps its value in dollar terms, so only the position moves the account. A volatile coin used as collateral adds a second exposure: if the coin falls while the position also loses, the buffer shrinks from two sides at once.
Venues usually apply a haircut to volatile collateral — they count it at less than its full market value — to allow for that second movement.
Collateral on BRVX
BRVX positions are quoted in USDT, and margin can be posted in 6 assets: USDC, BTC, ETH, USDT, SOL or BNB. The same list applies across markets, including stock, commodity and forex perpetuals.
Questions about Collateral
What crypto can be used as collateral on BRVX?
USDC, BTC, ETH, USDT, SOL or BNB.
Is collateral the same as margin?
Not exactly. Collateral is the deposit; margin is the amount of it tied to an open position.
Can I lose my collateral?
Yes. Losses on a leveraged position are deducted from the collateral behind it, and liquidation can use up the margin on that position.
Collateral: next steps on BRVX
Collateral on XAUT/USDT: pick 5x to 100x, 50x by default, margin in 6 tokens. At 100x, a 1% move is 100% of margin.
Read next: Cross margin vs isolated margin, Initial margin and Maintenance margin.
Leverage works both ways: a small move against you can lose you the whole margin.
Open XAUT/USDT in the app
Open appLeverage raises both gains and losses. Start with a size you are comfortable with. Not available to US persons.