> For clean Markdown of any page, append .md to the page URL.
> For a complete documentation index, see https://docs.paradex.trade/llms.txt.
> For AI client integration (Claude Code, Cursor, etc.), connect to the MCP server at https://docs.paradex.trade/_mcp/server.

# Margin Calculator

[Paradex Margin Calculator](https://docs.google.com/spreadsheets/d/1IpMmYL7DVxGm89aJr_KfUy2j5cMdqibA0IsD2gGr6GY/edit#gid=596140446), affectionately known internally as the Pepe Calculator", illustrates Paradex perpetuals mechanism in terms of Margin Requirements, Funding Rate and Mark Price calculations