What is Margin Trading?

Margin Trading on Bybit is a product based on Spot trading. It allows you to use assets in your Unified Trading Account as collateral to borrow additional funds from Bybit, to buy or sell spot assets larger than your wallet balance. Margin Trading allows you to earn higher returns with lower capital but also bears higher risks. Traders will be exposed to liquidation risk and must maintain a certain amount of collateral in their accounts. For more details, please refer to How to Long and Short With Spot Margin Trading.

Where can I access Spot Margin Trading?

On the web, you can go to Spot Trading and switch on the Margin tab while on the App, you can go to the Margin tab directly. You will see a leverage indicated beside the symbols. For more details, please refer to How to Get Started With Spot Margin Trading on Bybit.

Which margin mode supports Margin Trading?

Margin Trading is only supported in Cross Margin and Portfolio Margin mode. It is not supported in Isolated  Margin mode. 

Which coins can be used as collateral and borrowable assets for Margin Trading?

You can refer to the Margin Data for the supported collateral and borrowable assets.

Why couldn’t I make any borrowings (amount to borrow = zero) even after enabling the Margin trading?

This might be due to the base or quote token of the trading pair not being enabled as a collateral asset. For example, to trade BTC/USDC in Margin Trading, you need to enable both BTC and USDC as collateral assets from the Unified Trading Account asset page. If you want to borrow more, you can select more collateral assets to be enabled. For more details, please refer to How to View and Customize the Collateral Assets.

How to borrow funds in Margin Trading?

Borrowing in Margin Trading is automatically triggered when you place an order with a quantity or value greater than the available wallet balance you have. You can view the amount to borrow stated on the order window. 

Will an unfilled limit order incur borrowings?

Yes. In Spot trading, transactions involve the actual exchange of assets. When you place a limit order, the system will reserve the required funds or assets for that order immediately — even if the order is still pending execution. If your available wallet balance is insufficient at that moment, the system will borrow the shortfall, which means borrowings may occur  and interest accrued before the order is filled.

Will the borrowings be repaid automatically if I cancelled my unfilled limit order?

Yes. When you cancel such an order, the borrowed amount will be returned immediately. However, any interest that has already accrued during the period the funds were borrowed will still be charged.

What is the maximum leverage that can be used in Spot Margin trading?

The maximum leverage that can be used in Spot Margin trading is 10x. 

How to derive the Available Balance on Margin Trading?

Available Balance on Margin Trading refers to the amount you can use to place new margin trading orders. This includes both your available wallet balance and the maximum amount you can borrow. The system calculates AB based on your Initial Margin Rate (IMR) limit, which depends on your selected leverage. The formula is (Selected Leverage − 1 / Selected Leverage).

For example, if you select 10x leverage, (10-1/10) = 90%, the system then works backwards from this IMR limit to determine how much of your wallet balance and borrowing capacity is still available for placing new orders.

What is the Max. buying/selling amount in Spot Margin trading?

The Max. buying or selling amount is the maximum amount of assets you can buy or sell based on your available balance after considering the amount that can be borrowed. 

What are the maximum borrowing limits?

To view the maximum borrowing limits of different coins under different VIP levels, refer to the Margin Data.

What is the interest rate for the borrowed amount?

The interest rate is updated hourly and can vary according to VIP levels. You can check your hourly interest rate for each coin here. 

How often will interest be incurred?

Interest will be generated once every hour. Please note that less than one hour will be counted as one hour. 

How to make a repayment?

You can repay your borrowings in the following ways:

1. Automatic repayment – Transfer the borrowed amount to your Unified Trading Account. The system will automatically deduct it to settle your borrowings.

2. Manual repayment – Go to the Borrowings tab or your Unified Trading Account asset page to make a repayment manually. For more details, you can refer to How to Make Manual Repayment in Your Unified Trading Account.

3. Selling Assets — Sell assets via Spot Trading into the assets you borrowed and the system will automatically deduct it to settle your borrowings. However, please note that if the Initial Margin Ratio (IMR) is 100%, traders are not allowed to place orders to buy assets with a lower collateral value ratio using assets with a higher one.

How to calculate the Initial Margin and Maintenance Margin required for Spot Margin Trading?

In Spot Margin Trading, both the Initial Margin (IM) and Maintenance Margin (MM) will be required for the borrowed amount. These margins contribute to your Unified Trading Account’s Initial Margin Rate (IMR) and Maintenance Margin Rate (MMR).

• Initial Margin (on Borrowed Assets) = Asset Borrow Size × IM Rate for Borrowed Asset

  • IMR for borrowed assets  = 1/Selected Leverage

• Maintenance Margin (for Borrowed Assets) = Borrowed Amount × MM Rate for Borrowed Asset

  • MMR for Borrowed Asset = 4%

Is there any liquidation risk under Spot Margin Trading?

Yes, liquidation will be triggered when the Maintenance Margin Rate of your Unified Trading Account reaches 100%. 

What will happen in the event of liquidation?

To learn more about the liquidation process under Unified Trading Account, please refer to Trading Rules: Liquidation Process (Unified Trading Account).

How to calculate the Maintenance Margin Rate?

Cross Margin: Total Maintenance Margin / (Margin Balance - Haircut Loss + Order Loss)

Portfolio Margin: Total Maintenance Margin / (Equity - Haircut Loss + Order Loss)

For more details, please refer to Key Terms and Formulas in Unified Trading Account.

Where can I check the average Buy and Sell prices for my spot trading orders? 

When trading on Spot, you can display the average price of your Sell and Buy orders directly on the trading chart. To activate it, click on Display and tick the average price you would like to see. You can also select the period on which the average will be calculated. Please note that the average will be calculated from the current day to the last day of the selected period.

On the website 

On the app

Where can I view my Borrow and Interest history?

You can check your Borrow History from the Unified Trading Account asset page. 

Where can I view my repayment record?

You can check the repayment details from your Unified Trading Account transaction log.