Cross Margin Trading Rules

I. General Rules

To regulate crypto margin trading and margin borrowing, maintain market order, and protect investors‘ legitimate rights and interests, Gate sets the following rules based on the principles of fairness and transparency.
These rules are the benchmark rules of Gate's margin trading. Investors' operations at Gate, such as borrowing and trading, must comply with these rules.
Conducting margin borrowing and margin trading at Gate needs to conform to these rules. Any matters not specified in these rules shall comply with the User Agreement and other rules.

Margin trading uses spot assets as the margin for trading.
At Gate, coins are assigned respective discount rates based on their liquidity. To manage risks, the real-time spot index prices and discount rates of coins in your account are used to calculate the USD value of margin balance.
To ensure the security of assets, Gate has the right to adjust the discount rates of different coins. The announcements on our official website shall prevail.
To control risks, Gate sets a maximum loanable amount for each coin and we have the right to adjust this amount based on the circumstances.

The maximum borrowable in spot margin trading refers to the maximum amount a user can borrow given the current account margin ratio. Our platform calculates users' maximum borrowable based on their available margin balance, our risk control mechanisms, etc. Maximum Borrowable = Min (Available Margin / Initial Margin Ratio / Index Price, Maximum Loan for the Coin - Liabilities) For more details, please go to: Multi-Currency Margin Mode - About Margin and Terminology.
Interest is calculated and deducted at the start of the next hour after you successfully borrow funds. There's no fixed loan term, and users can borrow and repay anytime. The system will update the interest rate and settle interest on an hourly basis. Please pay attention to account risks, repay loans, or add margin in time to avoid unnecessary losses.
Auto-borrow rules: If the available balance in your spot account is inadequate to place an order, the system will auto-borrow the funds you need. Interest is calculated and deducted at the start of the next hour after you successfully borrow funds.
To ensure the security of assets, Gate has the right to adjust the types of coins available as margin. The announcements on our official website shall prevail.

To view the maximum loan amount, discount rates, and borrowing rates of different coins, you can click "View Interest Rate Details" for more details.

Interest is calculated based on the actual borrowed amount in spot margin trading within the Unified Account, USDT negative balance in futures trading, USDT negative balance caused by interest deduction, and unrealized PnL of USDT in futures positions. For coins other than USDT: Interest = Loan Amount × Hourly Interest Rate × (1+18%) For USDT: Interest = (Loan Amount + abs (Negative Balance + Futures Unrealized PnL)) × Hourly Interest Rate × (1+18%) In addition, there's an interest-free quota of 30,000 USDT, which is only applicable when the futures unrealized PnL is negative and its absolute value is no greater than 30,000 USDT. However, once the absolute value of the negative futures unrealized PnL is over 30,000 USDT, the interest-free quota is no longer applicable and interest will be charged on all the absolute value. Note: The loan amount is the actual loan amount on the hour. Hourly interest rate is the actual interest rate on the hour, the hourly lending rate in Simple Earn. An 18% of the hourly lending rate will be charged, which enjoys a discount if you are a user with a VIP tier higher than zero. For more information, please go to the Fee page .
The interest rate is dynamic based on market conditions and is updated every hour on the hour.

Users can repay anytime. Both partial and full repayment are supported. After successful repayment, the liabilities will be recalculated and updated. The updated liabilities will be used for the interest calculation and deduction for the next hour.
You can repay with a different coin from the liability coin. Cross-currency repayment and "Repay All" are supported. Please ensure your account has sufficient balance when making a repayment.
Auto-repayment rules: Auto-repayment will be triggered after a counterparty order 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.

Gate reserves the right of final interpretation.