Can I simultaneously hold open orders on a Futures symbol at 2 leverages?

API Futures API
1

What’s the deal on setting a new leverage-bracket and placing a new order while I have an open order?

If I examine https://fapi.binance.com/fapi/v1/leverageBracket I can see multiple brackets, e.g.:

    "CRVUSDT": [
        {
            "bracket": 1,
            "initialLeverage": 50,
            "notionalCap": 5000,
            "notionalFloor": 0,
            "maintMarginRatio": 0.01,
            "cum": 0.0
        },
        {
            "bracket": 2,
            "initialLeverage": 20,
            "notionalCap": 25000,
            "notionalFloor": 5000,
            "maintMarginRatio": 0.025,
            "cum": 75.0
        },
        {
            "bracket": 3,
            "initialLeverage": 10,
            "notionalCap": 100000,
            "notionalFloor": 25000,
            "maintMarginRatio": 0.05,
            "cum": 700.0
        },

Now I can do https://fapi.binance.com/fapi/v1/leverage?symbol=CRVUSDT&leverage=1 and place a trade up to $5000/50 = $100

Am I then able to set a different leverage-bracket and place another order?
e.g.
https://fapi.binance.com/fapi/v1/leverage?symbol=CRVUSDT&leverage=2 and now place a trade up to 25000/20=$1250
?

Will both orders be valid, with some chance of filling?

2

  • For CRVUSDT, leverage=1 points to bracket 6 with “initialLeverage”: 1, not bracket 1.

  • If both orders are matched, the open position will be adjusted according to current leverage and the 2nd order’s conditions. This can be tested with Futures Testnet: https://testnet.binancefuture.com/en/futures/BTCUSDT