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