What is a Unified Trading Account (UTA)?
The Bybit Unified Trading Account (UTA) is a versatile all-in-one account mode that offers traders access to multi-currency trading and core trading products, including Spot Trading, Spot Margin Trading, Inverse Futures Trading (Perpetual & Expiry), USDT Futures Trading (Perpetual & Expiry), USDC Perpetual Trading, and Options Trading. It provides traders with a powerful option to combine trading and cross-collateral margin without switching between accounts.
In simpler words, supported margin assets in UTA can be collateralized and a margin balance in USD (or your selected currency settings) will be calculated. You can use the available margin balance to place orders for trading products supported in UTA even without holding the respective settlement coin. For more information, please visit here.
What are the benefits of UTA?
Aside from the operational convenience of combining all trading instruments into a single account, UTA offers users several key trading benefits. For more information, please refer to the 8 Key Benefits of Upgrading to Bybit’s Unified Trading Account.
How are my assets organized in a Unified Trading Account?
Below is the account structure under UTA:
- Funding Account: You can make deposits or withdrawals via a Funding Account.
- Unified Trading Account: To trade Spot, Spot Margin, Inverse Perpetual & Expiry, USDT Perpetual & Expiry, USDC Perpetual, and USDT Options.
What is the Margin Balance and is this the amount I can use to place an order?
Margin Balance is only relevant in UTA Cross Margin and Portfolio Margin mode. It is the total amount that can be used as a margin in your account, including Wallet Balance, and Unrealized P&L of Perpetual contracts. If the margin balance falls below the maintenance margin, liquidation will be triggered. Do note that the value is a converted value after considering the asset index price and collateral value ratio and not the actual USD amount held in your account.
While Margin Balance shows the amount that can be used as a margin in your account, Available Balance is the available margin balance that you can use to place an order. You can see the Available Balance for order placement on the trading page.
Why is the Margin Balance shown on my Assets page different from the amount of assets I held? How is it calculated?
Only assets that are enabled to be Used as Collateral will be calculated as Margin Balance. Also, according to the different liquidity conditions of each coin, the collateral value ratio of different assets varies. The total margin balance in USD value of your Unified Trading Account is based on the following calculation:
Total Asset Value (in USD) = Sum (Asset 1 × Corresponding USD Index Price × Corresponding Collateral Value Ratio + …. + Asset N × Corresponding USD Index Price × Corresponding Collateral Value Ratio)
The collateral value ratio only applies to assets with a positive balance. For assets with a negative balance, the collateral value ratio will default to 100%, regardless of what asset it is. To view the collateral value ratio of each coin, please refer to the Margin Specification.
How to derive the USD Index Price?
The USD Index Price can be derived as follows:
USD Index Price = USDT Perpetual Index Price x USDT Conversion Rate
USDT Conversion Rate = BTCUSD Index Price / BTCUSDT Index Price
If there is no USDT Perpetual Index Price for a certain coin, the Last Traded Price from the Bybit Spot market will be taken as a reference. Take ETH as an example, the USD index price for ETH will be ETHUSDT Index Price x USDT Conversion Rate.
What is the transferable amount?
The transferable amount on your UTA asset page is the maximum amount of the respective coin that you can transfer out from UTA for withdrawal. This is an estimated amount after considering the unrealized loss, initial margin, frozen amount for active orders or borrowings, haircut loss, order loss, or any negative option value.
The actual amount that can be transferred is subject to the real-time display in the Transfer window. You will not be able to transfer out more funds from UTA when IMR reaches 100%. Please note that unrealized profit can only be used for trades but cannot be transferred out.