What is a Unified Account?
Unified Account resolves the issue of fund segregation under the Classic Account by enabling free allocation of funds across different trading types. It integrates four major trading product—spot, margin, futures, and options—into a single account, allowing margin to be shared across products and eliminating the need for repeated internal transfers. The system also supports multiple assets as margin. Unrealized PnL and Simple Earn flexible subscriptions can be used as margin to open positions, significantly improving capital efficiency. Profits and losses across different products can offset each other to help reduce risks. As long as the account's total assets meets the maintenance margin requirement, the account will not be liquidated due to losses in any single position.
Example: Suppose your USDT-M perpetual position is in profit while your options position is at a loss. Under a classic account, this setup may still carry a liquidation risk. With a Unified Account, PnL can be offset across positions, which helps prevent liquidation at the account level.
What are the advantages of Unified Account?
- One-stop experience of multiple products: Under Unified Account, you can trade spot, cross-margin, USDT-margined perpetual futures, and options directly without transferring funds between separate accounts, streamlining operations and improving convenience.
- Higher capital efficiency: 150+ coins and Simple Earn funds are supported to serve as margin. Margin sharing among different trading types enhances capital efficiency.
- Better risk management: A tiered liability risk-management mechanism lowers margin requirements and offers more favorable liquidation prices, providing robust support for stable operations in complex market conditions.
How many account modes are there in Unified Account?
There are four account modes in Unified Account: Classic Spot Mode, Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode.
What are the entry barriers to enabling Unified Account?
There is no entry barrier for Classic Spot Mode and Single-Currency Margin Mode. If you want to experience Multi-Currency Margin Mode, your estimated account asset value must be at least 500 USD. If you want to experience Portfolio Margin Mode, your estimated account asset value must be at least 1,000 USD.
What is Auto Borrow
Please make sure that your account has been upgraded to Multi-Currency Margin Mode or Portfolio Margin Mode in Unified Account before using the function of Auto Borrow. Through this function, the system will auto-borrow the funds you need for trading. Interest is calculated and deducted at the start of the next hour following a successful loan.
What are the liabilities and outstanding loans in Unified Account?
Liabilities refers to the actual liabilities of a coin, including Borrowed, negative balance, futures unrealized PnL, options value, etc. Liabilities serve as the basis for calculating the margin required for borrowing on the platform.
Outstanding loans include the negative balance and the actual borrowed amount, which need to repaid via manual repayment or the Repay All function.
How to calculate the interest?
Interest = Principal × Hourly Borrowing Rate × (1 + 18%). Interest is calculated hourly and deducted at the start of the very next hour after you successfully borrow funds. If you have repaid your loans before the hourly interest settlement, no interest will be charged.
*How to repay in Unified Account?**
For Spot Borrowed, both manual repayment and auto-repayment are supported.
Manual repayment rules: Using the manual repayment feature, you can quickly settle outstanding loan amounts (i.e., negative balances and borrowed funds). Manual repayment supports same-currency repayment, cross-currency repayment, and Repay All. Same-currency repayment allows you to repay with the same currency only; cross-currency repayment allows repayment using a single different currency; Repay All supports using multiple currencies to settle multiple outstanding currency liabilities in one click.
Auto-repayment rules: Auto-repayment will be triggered after the order on the opposite side is filled. The funds received from this filled order will be used for auto-repayment. Please note that auto-repayment will only be executed after the order on the opposite side is completely filled.
For negative balances caused by interest deduction, futures and options trading, transferring in or buying corresponding coins can repay the outstanding amount by offsetting the negative balance and bring back a positive balance.
Are all assets available as margin?
In Multi-Currency Margin Mode, you can choose which coins to use as Unified Account margin. Their USD value will be calculated to serve as margin in spot margin and derivatives trading.
What is Simple Earn Funds as Margin?
Simple Earn Funds as Margin allows flexible assets held in Simple Earn to be used as margin for futures, margin, and options trading. These assets are converted based on asset-specific discount rates and counted toward margin, effectively unlocking funds that would otherwise be locked in yield products. There is no need to redeem or convert them into other assets—margin can be enabled in one click while you continue earning yield. Simple Earn Funds as Margin is currently supported in Single-Currency Margin Mode, Multi-Currency Margin Mode, and Portfolio Margin Mode under Unified Account. In Single-Currency Margin Mode, USDT flexible subscriptions in Simple Earn are supported to serve as margin.
What is the discount rate?
To determine the realizable value of spot assets held in different currencies in your account, the platform's risk control framework assigns tiered discount rates to each asset based on liquidity. When these margin assets are converted into their USD value, the conversion is calculated using the spot index price together with the applicable tiered discount rate.
What is the haircut loss?
Haircut loss refers to the reduction in account equity value that occurs after a spot order is filled, caused by the difference in discount rates between the asset debited and the asset credited.
When will risk control measures be triggered?
For Single-Currency Margin Mode:
When the USDT-M Initial Margin Ratio (IMR) is below 100%, the system will auto-cancel open orders.
When the USDT-M Maintenance Margin Ratio (MMR) is 110% or below, forced repayment will be triggered.
When the USDT-M MMR is 100% or below, liquidation will be triggered.
For Multi-Currency Margin Mode and Portfolio Margin Mode:
When the IMR is below 100%, the system will auto-cancel open orders.
When the MMR is 110% or below, forced repayment will be triggered.
When the MMR is 100% or below, liquidation will be triggered.
Gate reserves the final right of interpretation for this product.
