Introduction to USDT-M futures in multi-asset mode
Introduction to USDT-M futures in multi-asset modeWhat is USDT-M futures in multi-asset mode?
USDT-m futures offer both single-asset margin mode and multi-asset margin mode. In single-asset margin mode, only USDT is used as margin, while in multi-asset margin mode, other cryptocurrencies can be used as margin for USDT-M Futures trading. In multi-assets margin mode, any coin can be used as margin, but its valuation will be adjusted based on the haircut rate for that coin. For instance, if a coin's index price is 1000 USDT with a 95% haircut, only 950 USDT will be counted as margin.
How to use the multi-asset margin mode?Switch to multi-asset margin mode
Users can switch between single-asset margin mode and multi-asset margin mode without closing their existing positions provided that certain conditions are met. To switch from single-asset margin mode to multi-asset margin mode, you must use cross-margin mode. For positions under isolated margin mode, switch to cross-margin mode first. To switch from multi-asset margin mode to single-asset margin mode, ensure the USDT asset covers the margin required for current positions and pending orders, and that the MMR is below 80%.
On the website, you can switch asset modes directly in "Settings" or in the margin section on the trading page, as shown in the image below:
If you are using the app, adjust the settings in the "Futures" section or switch the mode in the trading section, as shown in the image below:
Transferring other coins
In multi-asset margin mode, you can transfer USDT, BTC, ETH, SOL, XRP, PEPE, USDC and BGB as margin. Future additions will be announced in advance.
Notes
1.How to view my asset balance?
You can view the balance of all assets in your USDT-M Futures account under "Assets" on the trading page.
2. How is margin calculated?
Multi-asset margin = sum of the net assets of each coin multiplied by their respective haircutAvailable margin = multi-asset margin – margin occupied by positions and pending orders – initial margin of the loan.In which, the initial margin of the loan = absolute value of the loan × initial margin rate of the loan.The current initial margin rate for the debt is set at 10%. Users will be notified of any future changes via announcements.
3.Calculation of inbound and outbound transfer amounts
Inbound transfer
Transferable amount = limit − net inbound transfer amountLimit = min (individual limit, platform limit)
Outbound transfer
If the unrealized PnL under cross margin mode is greater than zero, the transferable amount = available amount − unrealized profit − trading bonus.
If the unrealized PnL under cross margin mode is less than zero, the transferable amount = available amount − trading bonus.
Transferable amount of a coin = min (transferable amount ÷ coin index price, net coin quantity).
Net quantity of the coin is the amount remaining after deducting the quantity used for positions and pending orders.
Coin haircut for USDT-M positions in multi-asset mode
Debt repayment and fund transfer for USDT-M positions in multi-asset mode
Risk management for USDT-M positions in multi-asset mode
Exchange of USDT for USDT-M positions in multi-asset mode
Glossary of USDT-M Futures in multi-asset mode
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