# Margin Terminology

Term Definition
Wallet Balance `Deposits - Withdrawals + Realized PNL`
Unrealized PNL Current profit and loss from all open positions
Margin Balance Total equity held at BaseFEX. `Margin Balance = Wallet Balance + Unrealized PNL`
Position Margin The portion of your margin assigned to the initial margin requirements of your open positions. This is the entry value of all contracts you hold divided by your selected leverage.
Order Margin The portion of your margin that is assigned to the initial margin requirements on your open orders.
Available Balance Your margin available to open new positions. `Available Balance = Wallet Balance - Order Margin - Position Margin`