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Futures Collateral Currencies

Multi-Collateral Linear Futures

The Multi-Collateral wallet allows traders the flexibility to deposit a variety of collateral currencies to back their positions. Neither base nor the quote currency is needed as collateral to trade and all collaterals are valued in USD for margining under a single wallet with cross or isolated margin.
Haircuts and conversion fees apply to non-USD collateral currencies.
The following collateral currencies are supported:
Collateral Asset
Ticker
Haircut
Conversion Fee
US Dollar
USD
0%
N/A
Euro
EUR
1%
0.05%
British Pound
GBP
1%
0.05%
USDC
USDC
1%
0.05%
USD Tether
USDT
1%
0.05%
Paypal USD
PYUSD
3%
0.05%
Tether EURt
EURT
3%
0.5%
PAX Gold
PAXG
3%
0.5%
Bitcoin
BTC
3%
0.5%
Ethereum
ETH
3%
0.5%
Cardano
ADA
5%
0.5%
Dogecoin
DOGE
5%
0.5%
Polygon
MATIC
5%
0.5%
Ripple
XRP
5%
0.5%
Avalanche
AVAX
7.5%
0.5%
Chainlink
LINK
7.5%
0.5%
Cosmos
ATOM
7.5%
0.5%
Injective
INJ
7.5%
0.5%
Litecoin
LTC
7.5%
0.5%
Polkadot
DOT
7.5%
0.5%
Solana
SOL
7.5%
0.5%
TRON
TRX
7.5%
0.5%
Arbitrum
ARB
10%
0.5%
Celestia
TIA
10%
0.5%
Filecoin
FIL
10%
0.5%
The Graph
GRT
10%
0.5%
Kusama
KSM
10%
0.5%
Mina
MINA
10%
0.5%
Sei
SEI
10%
0.5%
Interest and auto-conversions can apply to unrealised losses uncovered by USD, depending on the value of the loss. See Fees for Multi-Collateral Futures for more information.

What is a haircut? When does it apply?

A haircut is a reduction in the value of a collateral asset that may be used as margin.
This applies to both non-USD funds in the margin wallet as well as non-USD unrealised Profit/Loss and funding (See Unrealized as Margin).
Haircuts only apply to collateral for Multi-Collateral contracts.
This 16,800 USD equivalent is what can be used for collateral to back new orders and positions.

Single-Collateral Inverse Futures

Single-Collateral Inverse contracts* only allow the base currency of the pair to be used as collateral.
Each collateral currency has a separate wallet and each wallet's collateral supports trading of both perpetual and fixed maturity contracts.
e.g. if trading a BTC/USD contract, the only collateral allowed would be BTC.
*Only available on legacy UI
Wallet
Collateral
Index
Haircut
FI_BTCUSD
BTC
BRTI
N/A
FI_ETHUSD
ETH
ETHUSD_RTI
N/A
FI_LTCUSD
LTC
LTCUSD_RTI
N/A
FI_XRPUSD
XRP
XRPUSD_RTI
N/A
FI_BCHUSD
BCH
BCHUSD_RTI
N/A