What is Margin Borrowing Interest Rate?
Borrowing interest is the interest that needs to be paid for borrowing cryptos in Margin trading, which is calculated by your borrowing amount and the borrowing interest rate.
Updated every hour, the borrowing interest rate of each crypto changes in real-time, depending on the availability of capital in the pool and the demand for loans. For details, please refer to the [Borrow] page.
The borrowing interest rate is also affected by your VIP level. VIP 1-5 enjoys preferential interest rates, please check Fees Standard for details.
Rules of Borrowing Interest Rate
1. Interest calculation: Borrowing interest for each loan is calculated separately based on the real-time interest rate at the time of borrowing. Once you borrow funds successfully, the interest will be charged for the first time. After that, it will be calculated hourly at each o’clock sharp.
2. Repayment: All loan orders are settled chronologically, and interest should be paid prior to your loan. When the loan and interest are both cleared, the order will be marked as "Paid", and no more interest will be calculated for this order.
3. Borrowing cycle: 10 days with Auto-renewal enabled by default. Auto-payment will be triggered if you don't repay the loan within the specified period.
4. Auto-renewal: The loan is automatically renewed with the latest interest rate and cycle.
5. Renewal notice
(1) If auto-renewal is disabled, alerts will then be made 72 hrs, 24 hrs, 8hrs, and 1 hr before the expiry date.
(2) When Auto-renewal is enabled but renewal failed due to insufficient balance in the loan pool or other reasons, alerts will be made with the expiry date extended by 24 hrs. After 24 hrs, auto-renewal will be enabled again if the loan is still not settled. Forced repayment will be triggered if the renewal still fails.
6. If any new assets with value are generated due to airdrop, potential fork, etc., please refer to the announcement for details on asset distribution and loan repayment.
Risk Reminder
1. Margin trading uses less capital to achieve the potential for higher returns, but it can also expose you to amplified losses if the market moves against you. Therefore, we strongly advise beginners not to use high leverage so as to avoid forced liquidation or even bankruptcy.
2. Please use the leverage reasonably, adjust your position accordingly, and learn when to take profits or stop losses by liquidating positions.
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