On CoinUnited, collateral is valued in terms of USD. Due to the multi-currency cross-margining process we employ, we may accept a wide range of non-USD assets as collateral for derivatives and spot margin positions. Regardless of the collateral utilized, the PnL is always settled in USD.
List of Non-USD Collateral
|
Coin |
Weight (total) |
|---|---|
|
USDT |
0.975 |
|
USDC |
1 |
|
BTC |
0.975 |
|
ETH |
0.95 |
|
DOGE |
0.95 |
|
BNB |
0.95 |
|
BUSD |
1 |
|
Term |
Definition |
Formula |
|
USD collateral |
USD, and a selection of USD stablecoins that are valued 1:1 with USD. |
Stablecoins valued 1:1 with USD: USDC |
|
Non-USD collateral |
Alternative assets accepted as collateral. |
See list of non-USD collateral accepted here. |
|
Total Weight |
Factor used to determine the collateral value for the purpose of maintenance margin calculation and opening new positions if spot margin is enabled. |
See Non-USD collateral table above. |
|
Collateral Used |
Total of collateral being used by all open derivatives or spot margin positions in the subaccount, as well as collateral tied up in open orders, including spot. |
sum (Position1 Open Size Notional * Position1 IMF, Position2 Open Size Notional * Position2 IMF,...) + sum(Spot Order1 Size * Mark Price, Spot Order2 Size * Mark Price,...) |
|
Free collateral |
Total collateral available that can be used for opening new positions and withdrawn from the exchange, excluding collateral locked in open orders or open positions. |
(collateral + unrealized PnL) - (amount of collateral tied up in open orders) |
|
Collateral Weight |
Multiplier used to determine the total value of your collateral. |
- |
|
Collateral Value |
Collateral value of each asset in your inventory |
For positive balances, the collateral value is calculated as follows: = Size * Mark Price * Collateral Weight
For negative balances the collateral value is calculated as follows: = Size * Mark Price |
|
Total Account Collateral |
Sum of positive and negative collateral values |
Sum(Collateral Value 1, Collateral Value 2,..) |
For more details and examples, please refer to Spot Margin Trading Explainer.
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