Margin available is decreasing while mtm is positive!

Good morning everyone. I executed the synthetic long with futures. It is currently in modest profit (M2M). Still the margin available is reducing! Can someone please explain if there is any scope for change in margin requirement in case of this strategy.

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Margin has nothing to do with m2m but with LTP.
Normally for particular interval span will be fixed but exposure will keep changing with underlying LTP.

For Futures

Qty * bought price * Exposure percentage

For Options sell

(Qty * (Underlying LTP+Premium)) * Exposure percentage

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