Your BitMEX wallet is shared between spot and derivatives trading. One wallet funds both. When you place an order, your available balance is immediately reduced until the order executes or is cancelled. There is no need to transfer funds between separate wallets.
How Does the Shared Wallet Work?
Your BitMEX wallet serves as a single pool of funds for both spot and derivatives trading. You do not need to maintain separate balances or transfer funds between different wallet types.
When you place an order – whether spot or derivatives – the system immediately deducts the required amount from your available balance. This reservation ensures the funds are allocated for that order.
This design simplifies fund management. You deposit once and trade across both markets without manual transfers.
What Should I Consider When Trading Both Spot and Derivatives?
Because the wallet is shared, funds used for spot orders are unavailable for derivatives margin, and vice versa. Traders should monitor their available balance when operating across both markets.
Key considerations:
- Margin for derivatives: Open derivatives positions lock up margin from the same wallet. This reduces the balance available for spot purchases.
- Open orders: Pending limit orders on spot or derivatives both reserve funds from the shared balance.
- Available balance: Check your available balance before placing orders to ensure you have sufficient funds for the intended trade.
- Multi-Asset Margining: traders can use over 8 different crypto assets as collateral for their derivatives positions.
Planning your allocation across spot and derivatives ensures you do not inadvertently run short on margin for leveraged positions.