Futures
Coin haircut for USDT-M positions in multi-asset mode
2024-09-05 06:200532
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.
The multi-asset mode allows the use of a variety of coins as margin. The margin amount in USDT is calculated by applying the respective haircut to each margin asset. For more details, go to
Futures >
Futures trading rules >
Haircut for USDT-M positions in multi-asset mode. In single-asset mode, no haircut will be applied to assets other than the margin currency, as they are not calculated in the margin amount. Those assets can be transferred to other accounts.
Take BTC as an example:
|
Asset
|
Tier (USDT)
|
Haircut
|
|
Individual upper limit: 100
Platform-wide upper limit: 5000 |
0–100,000
|
0.975
|
|
100,000–500,000
|
0.97
|
|
|
500,000–1,000,000
|
0.965
|
|
|
1,000,000–5,000,000
|
0.96
|
|
|
Over 5,000,000
|
0.85
|
The individual upper limit for BTC in USDT-M Futures in multi-asset mode is 100 BTC. The platform-wide upper limit is 5000 BTC. These limits may be adjusted based on market conditions, and any changes will be announced in advance.
Assuming the index price of BTC is 60,000 USDT, when a user transfers 10 BTC into USDT-M Futures, the BTC value is 60000 × 10 = 600,000 USDT. The available margin amount in multi-asset mode is = 100,000 × 0.975 + 400,000 × 0.97 + 100,000 × 0.965 = 582,000 USDT.
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