Derivatives Collateral Currencies

Multi-Collateral Linear Derivatives

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

Canadian Dollar

CAD

0%

0.0%

Euro

EUR

0%

0.0%

British Pound

GBP

0%

0.0%

Australian Dollar

AUD

0%

0.0%

Swiss Franc

CHF

0%

0.0%

USDC

USDC

0.5%

0.05%

USD Tether

USDT

0.5%

0.05%

PAX Gold

PAXG

3%

0.5%

Bitcoin

BTC

1%

0.2%

Ethereum

ETH

1%

0.2%

Arbitrum

ARB

10%

0.5%

Avalanche

AVAX

10%

0.5%

Cardano

ADA

7.5%

0.5%

Celestia

TIA

10%

0.5%

Chainlink

LINK

10%

0.5%

Cosmos

ATOM

10%

0.5%

Dogecoin

DOGE

7.5%

0.5%

dogwifhat

WIF

20%

0.5%

Filecoin

FIL

20%

0.5%

Injective

INJ

20%

0.5%

Kaspa

KAS

20%

0.5%

Litecoin

LTC

7.5%

0.5%

Polkadot

DOT

7.5%

0.5%

Kusama

KSM

20%

0.5%

Mina

MINA

20%

0.5%

Pepe

PEPE

20%

0.5%

Ripple

XRP

5%

0.5%

Sei

SEI

10%

0.5%

Shiba Inu

SHIB

20%

0.5%

Solana

SOL

7.5%

0.5%

The Graph

GRT

20%

0.5%

TRON

TRX

10%

0.5%

Interest and auto-conversions can apply to unrealized losses uncovered by USD, depending on the value of the loss. See Fees for Multi-Collateral Derivatives for more information.

What is a haircut? When does it apply?

A haircut is a reduction in the USD 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 unrealized Profit/Loss and funding (See Unrealized as Margin).

Haircuts only apply to collateral for Multi-Collateral contracts.

Single-Collateral Inverse Derivatives

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

Multi-Collateral Linear Derivatives
Single-Collateral Inverse Derivatives

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