Skip to main content

What Asset Margining Modes are there?

BitMEX supports different margin modes: Single Asset Margin and Multi Asset Margin. Each contract has a defined Settlement Currency which is used to pay/receive realise profit and loss, fees and funding. There are currently two Settlement Currencies : Bitcoin (XBT) and Tether (USDT).

 

Single Asset Margin

In Single Asset Margin mode, opening a position requires margin to be deposited that matches the Settlement Currency of the contract. Accounts are required to have a positive excess margin balance in each Settlement Currency at all times, or else they will be liquidated.

 

Multi Asset Margin

In Multi Asset Margin mode, margin balances in a selection of currencies count towards an account-level Multi Asset Margin margin balance. Each of these can be used to support margin requirements for contracts settled in either USDT or XBT, but haircuts are applied to the value of the margin currencies to reflect the additional risk BitMEX is undertaking by supporting margin requirements with different currencies.

The table below shows the current Margin currencies and their haircuts:

  XBT Margin ETH Margin USDC Margin USDT Margin
XBT Settlement 0% 5% 5% 5%
USDT Settlement 5% 5% 2% 0%

 

Some users may be more familiar with the term Collateral Value Ratio which is usually defined as (1 - Haircut).

Because the Haircut varies by Margin Currency and Settlement Currency, we optimise your available Margin Currency balances against your margin requirements. If they do not meet your margin requirements you will be liquidated.

Related articles

This website is operated by HDR Global Trading Limited, a company incorporated under the International Business Companies Act of 1994 of the Republic of Seychelles with a company number of 148707 and registered address at Global Gateway 8, Rue de la Perle, Providence Mahé, Seychelles (“HDR”). HDR wholly owns BitMEX, a Bitcoin-based trading platform.


Access to trading or holding positions on BitMEX is prohibited for any person or entity that is located, incorporated or otherwise established in, or a citizen or a resident of: (i) the United States of America, Québec (Canada), the Hong Kong Special Administrative Region of the People’s Republic of China, the Republic of Seychelles, Bermuda, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea or Sudan; (ii) any state, country or other jurisdiction that is embargoed by the United States of America; or (iii) any other jurisdiction where the services offered by BitMEX are restricted (collectively “Restricted Jurisdictions”). If it is determined that any BitMEX user has given false representations as to their location, incorporation, establishment, citizenship or residence, or HDR detects a user is from a Restricted Jurisdiction as described above, HDR reserves the right to immediately close their accounts and liquidate any open positions. HDR may, in its sole discretion, implement controls to restrict access to the BitMEX trading platform in any of the Restricted Jurisdictions.