# Leverage and Margin in USDT Perpetuals

On Arkham Exchange, you don’t set leverage directly. Instead, leverage is dynamic, and determined by the asset-specific margin schedule. 

Margin schedules define bands. Each band corresponds to a position size range, with a set initial margin rate and maintenance margin rate.

As your position size increases, the margin requirement also increases, which lowers your effective leverage. This system helps manage risk on larger trades.

### How Margin Schedules work on Arkham

For details on Margin Schedules and Leverage on the Arkham Exchange, see our technical documentation:

<https://arkm.com/docs#perpetuals-and-margin>


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