1. What are the requirements to be a Unified Account user?
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 1,000 USD.
2. How many account modes are there in the Unified Account?
There are four account modes in Unified Account: Classic Spot Mode, Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode.
3. What are the Initial Margin Ratio (IMR) and Maintenance Margin Ratio (MMR)?
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. View more
4. What is Auto Borrow?
Auto Borrow is only supported in the Multi-Currency Margin or Portfolio Margin mode of Unified Account. Via 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 successful borrowing.
5. What are the liabilities in Unified Account?
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).
6. How to calculate the interest?
Interest = Principal * Hourly Borrowing Rate (1 + 18%). Interest is calculated hourly and deducted at the start of the hour immediately following successful borrowing. If you have repaid your loans before the hourly interest settlement, no interest will be charged.
7. How to repay liabilities in Unified Account?
For Spot Borrowed, both auto-repayment and manual repayment are supported. Auto-repayment rules: Auto-repayment will be triggered after the counterparty order is filled. The funds received from this filled order will be used for auto-repayment. Please note that auto-repayment will only be executed after the counterparty order is completely filled. For negative balance caused by interest deduction, futures and options trading, your liabilities can be auto-repaid by transferring in or buying corresponding coins.
Gate reserves the final right to interpret the product.
