diff --git a/freqtrade/exchange/bybit.py b/freqtrade/exchange/bybit.py
index 6f841b608..a4b070741 100644
--- a/freqtrade/exchange/bybit.py
+++ b/freqtrade/exchange/bybit.py
@@ -114,7 +114,7 @@ class Bybit(Exchange):
         data = [[x['timestamp'], x['fundingRate'], 0, 0, 0, 0] for x in data]
         return data
 
-    def _lev_prep(self, pair: str, leverage: float, side: BuySell):
+    def _lev_prep(self, pair: str, leverage: float, side: BuySell, accept_fail: bool = False):
         if self.trading_mode != TradingMode.SPOT:
             params = {'leverage': leverage}
             self.set_margin_mode(pair, self.margin_mode, accept_fail=True, params=params)
diff --git a/freqtrade/exchange/exchange.py b/freqtrade/exchange/exchange.py
index f620b5bc1..99551b054 100644
--- a/freqtrade/exchange/exchange.py
+++ b/freqtrade/exchange/exchange.py
@@ -1018,10 +1018,10 @@ class Exchange:
 
     # Order handling
 
-    def _lev_prep(self, pair: str, leverage: float, side: BuySell):
+    def _lev_prep(self, pair: str, leverage: float, side: BuySell, accept_fail: bool = False):
         if self.trading_mode != TradingMode.SPOT:
-            self.set_margin_mode(pair, self.margin_mode)
-            self._set_leverage(leverage, pair)
+            self.set_margin_mode(pair, self.margin_mode, accept_fail)
+            self._set_leverage(leverage, pair, accept_fail)
 
     def _get_params(
         self,
@@ -1202,7 +1202,7 @@ class Exchange:
 
             amount = self.amount_to_precision(pair, self._amount_to_contracts(pair, amount))
 
-            self._lev_prep(pair, leverage, side)
+            self._lev_prep(pair, leverage, side, accept_fail=True)
             order = self._api.create_order(symbol=pair, type=ordertype, side=side,
                                            amount=amount, price=limit_rate, params=params)
             self._log_exchange_response('create_stoploss_order', order)
@@ -2544,7 +2544,7 @@ class Exchange:
             self._log_exchange_response('set_leverage', res)
         except ccxt.DDoSProtection as e:
             raise DDosProtection(e) from e
-        except ccxt.BadRequest as e:
+        except (ccxt.BadRequest, ccxt.InsufficientFunds) as e:
             if not accept_fail:
                 raise TemporaryError(
                     f'Could not set leverage due to {e.__class__.__name__}. Message: {e}') from e
diff --git a/freqtrade/exchange/okx.py b/freqtrade/exchange/okx.py
index 1b9134be3..a4fcaeca0 100644
--- a/freqtrade/exchange/okx.py
+++ b/freqtrade/exchange/okx.py
@@ -125,7 +125,7 @@ class Okx(Exchange):
         return params
 
     @retrier
-    def _lev_prep(self, pair: str, leverage: float, side: BuySell):
+    def _lev_prep(self, pair: str, leverage: float, side: BuySell, accept_fail: bool = False):
         if self.trading_mode != TradingMode.SPOT and self.margin_mode is not None:
             try:
                 res = self._api.set_leverage(