Rate & Cap
As margin borrowing and Crypto Loan share the Simple Earn funding pool, the following rules apply to both.
1、Borrowing Rate: Updated every hour on the hour based on market conditions.
2、Interest: Calculated based on the hourly interest rate on the hour after successful borrowing. For margin borrowing, interest is deducted immediately; for Crypto Loan, interest is added to the liabilities.
3、Loan Cap: The actual borrowable amount, or Borrowable, is the lowest among Margin Borrowable (the borrowable amount calculated by the available margin or collateral in Crypto Loan), Pool Available (funds in the Simple Earn pool), and Loan Cap (loan quota offered by the platform for each user, which varies by VIP tier). You can increase your loan cap by raising your VIP tier, increasing your account balance, or completing more advanced verification.
Note: The respective caps for loans of Unified Account, isolated margin, and Crypto Loan are independent from each other.
Example:
User A has 200,000 USDT available as margin in the Unified Account. With a fixed 3x leverage (initial margin ratio of 33%) for Unified Account loans, User A's Margin Borrowable is 606,060.60 USDT. The Pool Available now is 800,000,000 USDT. User A's Loan Cap is 300,000 USDT. Borrowable = min(Margin Borrowable, Pool Available, Loan Cap) = 300,000 USDT.
This assumes no existing borrowed amount in Unified Account. If any, it must be deducted: Borrowable = min(Available Margin / Initial Margin Ratio / Last Price, Pool Available, (Loan Cap – Borrowed)).
Note: Loan caps may be affected by risk controls. The actual amount shown on the borrowing page shall prevail.