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There is no entry barrier for the Classic Spot Mode and the Single-Currency Margin Mode. If you want to experience the Multi-Currency Margin Mode, your estimated account asset value must be at least 500 USD. If you want to experience the Portfolio Margin Mode, your estimated account asset value must be at least 1000 USD.
There are four account modes in Unified Account: Classic Spot Mode, Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode.
Initial Margin Ratio = Margin Balance / Initial Margin. The higher the ratio, the more assets are available. If the ratio drops to 100% or below, Auto-Cancel will be triggered.
Maintenance Margin Ratio = Margin Balance / Maintenance Margin. The higher the ratio, the safer the account. If the ratio drops to 100% or below, liquidation will be triggered.
Please make sure that you have upgraded to the Unified Account before using the function of Auto Borrow, which is only available for cross margin trading. Through this function, the system will auto-borrow the funds you need for trading. Interest is calculated and deducted at the start of the next hour following a successful loan.
Liabilities of Unified Account include: Spot Borrowed, negative balance (caused by interest deduction, futures or options trading), futures unrealized PnL, options value, and Simple Earn funds (if enabled as Unified Account Margin).
Interest = Principal × Hourly Borrowing Rate × (1+18%). Interest is calculated hourly and deducted at the start of the very next hour after you successfully borrow funds. If you have repaid your loans before the hourly interest settlement, no interest will be charged.
For negative balance caused by interest deduction, futures and options trading, your liabilities can be auto-repaid by transferring in or buying corresponding coins.