1. What is Multi-Assets Mode
Multi-Assets Mode lets you trade USDⓢ-M futures across multiple margin assets such as BTC and ETH, tapping into your idle holdings! In the Multi-Assets Mode, all profits and losses are settled in the quoted asset of the trading pair. For example, profits from USDT futures are settled in USDT, while profits from USDC futures are settled in USDC.
2. What are the supported cryptocurrencies, LTV and transfer limits in Multi-Assets Mode?
For more information, please refer to: https://bingx.com/en/tradeInfo/perpetual/multi-asset-rule/BTC-USDT
3. What are the definitions of the LTV and Collateral Value Ratio?
LTV: Used to adjust the asset value pledged as available margin.
When assets are pledged as available margin, their value will be adjusted according to the LTV ratio. For example, if the LTV for BTC is 95%, BTC worth 1,000 USD in the market will be valued at 950 USD when used as margin.
Collateral Value Ratio: Used to adjust the collateral value when calculating Risk.
When assets are used as collateral for positions, their value will be adjusted based on the collateral rate when calculating indicators such as risk and estimated liquidation price. For example, if the BTC's collateral value ratio is 95%, BTC worth 1,000 USD in the market will be valued at 950 USD.
4. What are the supported margin mode and position mode for Multi-Assets Mode?
Only cross margin mode and hedge mode are supported.
5. Can I trade Coin-M futures using Multi-Assets Mode?
Multi-Assets Mode is only available for USDⓢ-M futures and cannot be used for Coin-M futures.
6. Does liquidation in Multi-Assets Mode affect my assets in other accounts?
Liquidation in Multi-Assets Mode will only affect the assets in your USDⓢ-M Perpetual Futures Account.
7. Can I use Trial Funds in Multi-Assets Mode?
Yes, Trial Funds are supported in Multi-Assets Mode.
8. Do I have to close my existing positions before switching to Multi-Assets Mode?
If you are using cross margin mode with hedge mode, you don't need to close your USDⓢ-M futures position before switching between Single-Asset Mode and Multi-Assets Mode.
Note: If you receive an “insufficient margin" prompt when switching to Single-Asset Mode, you'll need to add enough funds first.
9. Is Copy Trading supported in Multi-Assets Mode?
Futures Copy Trading is not supported in Multi-Assets Mode (Binance Copy Trading and Spot Copy Trading are not affected).
10. What are the calculation formulas for transfer-in and transfer-out amounts in Multi-Assets Mode?
Transfer-in Amount: Min (Available balance in the transfer-out account, (Maximum transferable amount of the allowed asset - Account balance of the transfer-in account))
Transfer-out Amount = Max [0, Current account balance of the asset in USD * Collateral value ratio + Min (0, Current unrealized PnL of the asset in USD) - Max (0, {Sum of fixed margin for positions in USD + Frozen funds in the account in USD - (Sum of account balances of other assets in USD * Collateral value ratio) - Sum of unrealized PnL of other assets in USD}] ÷ Collateral value ratio ÷ USD index - Current Wealth assets used as margin - Current balance of Trial Fund of the asset.
11. When does auto conversion occurs?
Auto conversion in Multi-Assets Mode will occur in the following scenarios:
1. When users get liquidated, auto conversion will be immediately triggered if the USDC or USDT balance is not enough to cover the deficit.
2. When users do not have existing positions or open orders, the system will continuously calculate the LTV. Auto conversion will be triggered when the LTV is ≥ 0.995.
3. If multiple assets are under Multi-Assets Mode, when the auto-conversion is triggered, they will be automatically converted to negative assets evenly, based on the proportion of each asset. To prevent auto conversion, users can transfer in or manually convert assets before breaching the Auto Conversion Threshold.
Note: Account liquidation will trigger auto conversion. During auto conversion, assets with a positive balance will be injected to the insurance fund (transferred out from the Multi-Assets Mode Account during liquidation), while deficit will be covered by it (transferred into the Multi-Assets Mode Account during liquidation).