Does the Maintenance Margin Percentage Change Based on the Contract’s Leverage Level?

Yes, the maintenance margin percentage is inversely related to the maximum allowable leverage. Exchanges often use a tiered margin system where higher leverage is only available for smaller position sizes, and the maintenance margin percentage increases for larger positions.

Effectively, as a trader increases their position size, the exchange lowers the maximum available leverage and increases the maintenance margin requirement to mitigate platform risk.