Aaron Gan
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Articles
Recent activity by Aaron Gan-
1. What is BIT Portfolio Margin (USDT-M Derivatives)?
Overview The BIT Portfolio Margin (‘PM’) tool evaluates the risk of a portfolio by calculating the most likely loss that could occur to a portfolio based on a series of hypothetical market scenar...
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4. How does Insurance Fund Work?
BIT‘s insurance fund is the second line of defense to protect from the losses of bankrupt accounts. The first line of defense is the incremental liquidation methodology adopted by BIT to greatly re...
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3. How much is Forced Liquidation Fees?
BIT will charge a forced liquidation fee of 0.5% of the order value for forced-liquidated orders (applicable to spot/margin/futures/perpetual/options) on BIT. After deduction of trading fees, the r...
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2. What is Margin Call?
On BIT, a margin call happens when user margin balance is no longer sufficient to support account maintenance margin (i.e. margin balance<MM). Account position will start to be liquidated incremen...
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3. What is Haircut Ratio?
BIT calculates the total USD collateral of a unified margin (UM) account based on currency haircut ratios*. The higher the haircut ratio of a currency, the lower the conversion rate of that currenc...
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7. Short Spot Margin Rate
Currency Short spot IM rate Short spot MM rate Max. leverage BTC 13% 7.5% 7.70 ETH 15% 8.5% 6.67 BCH 25% 9.0% 4.00 USDT 16% 8.0% 6.25 USD 16% 8.0% 6.25
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6. Interest-free Amount and Borrowing Limit
Currency Borrowing Limit(Borrowing Mode) Interest-Free Amount(Borrowing/Non-Borrowing Mode) BTC 5 0.1 ETH 70 1.0 BCH 500 2.5 USDT 230,000 1,000 USD 220,000 1,000 For users in n...
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5. Liability and Interest
1. Liability In the unified margin (UM) mode, both users in borrowing or non-borrowing modes may have liabilities. BIT provides users with an interest-free amount. If the liability exceeds the i...
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4. Risk Control Rules for Account Management
The unified margin (UM) trading system has multiple risk control rules for account management including forced order cancellation, forced repayment, and forced liquidation, which will be triggered ...
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2. What is the Terms and Formulas of UM?
In unified margin (UM) mode, you can trade spot, margin, futures, perpetual, and options at the same time by transferring assets into your unified account. Besides, your assets in different currenc...