I have a Python script that buys and sells in Futures with leverage set to 2. However, when I try to calculate the quantity to buy for each order using my maximum available funds, I encounter an “Insufficient Margin” error. I’m trying to understand how Binance calculates the maximum quantity I can buy with 100% of my funds.
- I have $10,000.
- I want to buy at a price of $20,000.
- I expect to be able to buy 1 BTC with my leverage of 2.
However, the calculated quantity is lower than expected. What am I missing?
Here are the relevant code snippets I’m currently using for the calculations:
# Calculating the balance with leverage: account_info = client.futures_account() balance = float(account_info['totalWalletBalance']) total_usdt_with_leverage = float(balance * self.leverage) quantity = float(format(total_usdt_with_leverage / <price_to_buy>, '.3f'))
Please note that
<price_to_buy> should be replaced with the actual price at which you want to buy.
Anyone can help me to perform this calculation?