How to Borrow and Repay Assets on Margin
Manually borrow assets from the margin lending pool and repay loans to manage your margin positions and interest costs.
Borrowing is deliberate: you choose the asset and the amount, and interest starts immediately. Repaying early is always allowed and always reduces cost, which makes the discipline simple — borrow the least that does the job, and repay as soon as the position closes.
Before you start
- Collateral in the margin account sufficient for the borrow you intend.
- An awareness of the interest rate for that asset, which varies by asset and by demand.
Navigate to the Borrow Panel
Go to Margin Account > Borrow. Select the asset you want to borrow (e.g., USDT for buying, or BTC for short selling). The panel shows the current hourly interest rate, your maximum borrowable amount, and your existing loans.
Enter the Borrow Amount
Type the amount you want to borrow. The system displays the resulting margin ratio change and estimated daily interest cost. Your maximum borrowable amount depends on your collateral value, existing loans, and the asset-specific lending limits.
Confirm and Receive Funds
Tap 'Borrow' to confirm. The borrowed amount is instantly available in your Margin account for trading. Interest begins accruing immediately at the displayed rate and is calculated on an hourly basis.
Repay Your Loans
Navigate to Margin Account > Repay. Select the loan you want to repay and enter the amount. You can repay partially or in full. Repaying reduces your interest obligations and improves your margin ratio. You can also enable Auto-Repay to automatically repay loans when you receive funds.
Interest-Only Repayment
If you want to maintain your borrowed position but reduce accumulated interest costs, use the 'Pay Interest Only' option. This settles any accrued interest without reducing the principal loan amount. This helps keep your margin account clean and your costs transparent.
If something goes wrong
- The borrow was refused.
- Either the limit for that asset is reached, or your collateral does not support it. The panel shows the maximum available.
- Repaying did not clear the debt entirely.
- Interest accrues up to the moment of repayment, so a repayment of the principal alone leaves a small balance. Use repay-all, or repay the interest separately.
- You repaid but interest is still accruing.
- Interest accrues on the outstanding balance, including any amount left after a partial repayment. Repay-all clears both principal and accrued interest.
Frequently asked questions
- Can I repay early?
- Yes, any time, and it stops interest accruing from that point. There is no penalty for early repayment.
- What if I do not repay?
- Interest continues and the margin ratio worsens until liquidation closes the position to cover the loan.
- Which asset should I borrow?
- The one the trade requires. Borrowing an asset you also expect to rise means taking two risks in one position.
- Does repaying improve the margin ratio immediately?
- Yes. Repayment reduces the debt side of the ratio the moment it settles, which is the fastest way to move away from a liquidation level.
- Can I borrow against a position rather than a balance?
- Collateral is what backs the loan, and an open position occupies collateral. Free margin is what determines the borrow available.