Suppose you "buy to open a long position" one December 2021 S&P 500 futures contract...
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Suppose you "buy to open a long position" one December 2021 S&P 500 futures contract at the contract price of 4,055.70 in CME. The initial margin requirement on the December 2021 S&P 2021 S&P 500 futures contract is $60,500 and the maintenance requirement is $55,000. Contract size is $250 times the S&P 500 Index value. How much will your account balance be at the end of the second day if the settlement price of the contract turns out to be 4,028.40 at the end of the first day and 4,075.50 at the end of the second day.
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