Portfolio Effective Leverage Calculator
Per position, enter margin and leverage (notional = margin × leverage) to total wallet margin, notional exposure and weighted effective leverage.
Results
Fill in the inputs and click Calculate.
- Total Margin
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- Total Notional
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- Effective Leverage
- –
Risk disclaimer
An arithmetic aggregate that ignores maintenance-margin and risk-tier differences per position.
What is portfolio effective leverage?
When positions use different leverages, no single position's leverage describes the whole account's exposure.
Effective leverage = total notional ÷ total margin — a margin-weighted average useful for assessing overall risk.
How to use
- Enter one position per row: margin and leverage.
- Empty rows are ignored; each used row needs both values.
- Click Calculate for total margin, total notional and effective leverage.
Formula
- Position notional = margin × leverage
- Total notional = Σ notional; total margin = Σ margin
- Effective leverage = total notional ÷ total margin
Example
Position A margin 100 at 10x and B margin 200 at 5x → total margin 300, notional 2,000, effective leverage ≈ 6.67.
Even with a 10x position, the account's overall leverage sits lower.
FAQ
Does effective leverage predict liquidation?
Not directly. Liquidation also depends on per-position maintenance margin, cross available balance and volatility — use the liquidation and stop tools too.
How do I fill shorts?
Enter margin and leverage; notional is positive. Direction does not change the aggregate.