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WHAT IS CROSS MARGIN?

Cross Margin, also known as Spread Margin is a margin method that utilizes the full amount of funds in the Available Balance to avoid liquidations. Any realized PNL from other positions can aid in adding margin on a losing position.
This margin method is useful for users who are hedging existing positions and also for arbitrageurs that do not wish to be exposed on one side of the trade in the event of a liquidation.
Note that, by default all positions are initially set to Cross Margin.