When engaging in margin trading under a unified trading account, any incurred debt will accrue interest, with no interest-free allowance. However, in cross-currency contract trading within the unified account, unrealized profits/losses may fall under an interest-free threshold. Debt within this threshold incurs no interest, but amounts exceeding it will be subject to interest charges. Full-position and isolated-position debts are calculated and deducted separately.
1. Interest-Free Threshold
| Cryptocurrency | Interest-Free Threshold (Units) |
|---|---|
| USDT | 20,000 |
| BTC | 1 |
| LTC | 10 |
| ETH | 5 |
| ... | ... (see full table in original) |
2. Interest Calculation & Deduction
- Calculation Time: Recorded hourly at the top of the hour.
- Deduction Time: Deducted hourly at the top of the hour.
- Debts from full-position and isolated-position trades are calculated and deducted separately.
- Interest is computed based on the debt at each hourly mark, starting from 00:00 as the baseline.
Example: If a user borrows at 22:55, interest is recorded at 23:00 and deducted immediately. Repaying by 22:57 avoids interest entirely.
3. Interest Rates
User tiers and daily rates per cryptocurrency can be checked via:
- Account Tier: App homepage → Profile → Fee Rate Tier.
- Borrowing Rates: Trading interface → Market Info → Margin Borrowing.
Formula:
[ \text{Hourly Interest} = \frac{\text{Debt} \times \text{Daily Rate}}{24} ]
FAQ Section
👉 What happens if I repay within the interest-free threshold?
Answer: No interest is charged if the debt stays within the threshold.
👉 Are interest rates fixed for all users?
Answer: Rates vary by account tier and cryptocurrency. Check the app for real-time rates.
👉 How often is interest compounded?
Answer: Interest is calculated and deducted hourly, not compounded.
Key Terms:
- Margin Trading
- Interest-Free Threshold
- Hourly Interest Calculation
- Cross-Currency Contracts
- Debt Accrual
Note: Always verify current rates and thresholds in the app, as they may update periodically.