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Interest Calculation

Опубліковано 16 груд. 2020 р.Оновлено 13 вер. 2024 р.2 хв читання

1. Interest will be collected if the liability is generated in cross margin and isolated margin mode. However, in the multi-currency and portfolio margin account cross position , the unrealized loss generated by the derivatives positions will enjoy an interest-free limit, and if the liabilities caused by the unrealized loss amount of the derivatives positions is within the interest-free, no interest will be accrued.

2. Interest calculation and deduction

The interest of the liabilities in cross margin mode and isolated margin mode will be calculated and deducted respectively;

The interest is calculated and recorded every hour, and is deducted every hour based on 16:00(UTC). It’ll take around 10 minutes to record accrued interest. Any liabilities that are incurred during this period will be recorded as well.

Example: When a user borrows money at 14:55, user interest is not recorded at this time. At 15:00, the user's interest is calculated through liabilities. At 15:00, interest deduction occurs. If the user pays off the borrowed currency at 14:57, interest will not be accrued.

The link of Borrowing data:

https://www.OKX.com/balance/report-center/unified/borrowing-data/interest-rate-and-limit

3. Interest-free quota

Interest-free limit

Asset

Interest-free limit

USDT

20000USDT+Max(0,Cross equity of USDC)+Max(0,Cross equity of TUSD)

USDC

5000+Max(0,Cross equity of USDT)

BTC

1

LTC

10

ETH

5

ETC

2000

XRP

5,000

EOS

500

BCH

5

BSV

5

TRX

30,000

LINK

50

DOT

50

ADA

500

ALGO

500

ATOM

20

CRV

100

FIL

10

DASH

2

IOST

10,000

IOTA

500

KNC

200

NEO

10

ONT

300

QTUM

100

THETA

100

SUSHI

30

SUN

20

XLM

1,000

UNI

20

XMR

2

XTZ

100

ZEC

2

YFI

0.01

YFII

0.1