Nexus Fintrade (Beta) Help Center
  • 👋Welcome to NEXUS FINTRADE (Beta) Help Center
  • User Guide
    • 😃Getting started
      • How To Get Started?
      • How to KYC verification?
      • How to modify safety verification?
      • An Overview of Products & Features
      • How to Select Futures Trading Pairs?
      • A Beginner’s Guide to Crypto Spot Trading (Website)
      • A Beginner’s Guide to Crypto Futures Trading (Website)
  • FUNCTIONALTITIES & GLOSSARY
    • 📑LFX Trading
      • What's LFX?
      • Margin of LFX
      • How to start LFX trading?
      • Margin call & liquidation
      • Financing costs
    • 🏡Account
      • Funding Account and Trading Account
    • 🫰Multi-Assets Cross Margin
      • Benefits of Trading USDⓈ-Margined Futures in Multi-Assets Mode
      • Auto-Exchange in Multi-Assets Mode
      • Cross Margin Mode
    • 🔐Security Design
      • Securing Your Account
      • Security Tips
    • 🅱️Crypto Trading
      • Trading Glossary
        • Market Makers and Takers
        • Order Book and Market Depth
        • Position Modes
      • Spot Trading
        • Types of order on Spot Trading
        • What is spot trading?
      • Futures Trading
        • Perpetual Futures and Quarterly Futures
        • What Are Cryptocurrency Futures?
        • Differences Between Perpetual Contract and Traditional Futures Contract
        • Spot vs. Futures Trading
        • Margin vs. Futures Trading
        • USDⓈ-Margined Futures Contract Specifications
        • Liquidation Price of USDⓈ-M Futures Contracts
        • Futures Trading Risk Control
        • Leverage and Margin of USDⓈ-M Futures
        • Types of Order on Futures Trading
        • Summary of Failed Orders in Futures Trading
        • Open or Close Position in Hedge Mode
        • Go Long or Short on Futures
  • FAQs
    • 💸Withdrawals and Deposits
      • Why Hasn’t My Withdrawal Arrived?
      • What Can I Do When Withdrawal Is Suspended?
      • How To Withdraw Crypto on the Platform?
      • Why Hasn’t My Deposit Been Credited?
      • What Can I Do When I Withdraw to A Wrong Address?
      • What's the Withdrawal Fees on our Platform
      • How to Deposit Crypto to our Platform?
    • ⚖️Trading
      • What Is Multi-Assets Mode, and What Assets Does It Support?
      • How to Check My Asset Balance in Multi-Assets Mode?
      • How to Calculate Margin in Multi-Assets Mode?
      • How to Download Spot Trading Transaction History Statement ?
      • What are Market order and Limit Order Price Cap and Floor Ratio ?
      • How to Prevent Phishing Attacks?
      • How to View My Trading Activity?
      • How to Calculate Return on Investment (ROI)?
      • How to Download My Order History for USDⓈ-M, and COIN-M Futures Orders?
    • ✅Account Verification
      • Why Can’t I Receive Emails from the Platform?
      • How to Whitelist the Platform's Emails?
      • Where can I get my account verified on the website?
      • How to Register on the Platform's Website?
    • 🔓Account Management
      • How to Create a Trading Account on the Platform?
      • How to Check the Platform and Transfer Funds on Wallet Overview?
    • ⚠️Risk Mitigation
      • How to Reduce Your Chances of Getting Liquidated?
      • How to Improve Risk Management on Platform's Futures?
      • How Liquidation Works in Futures Trading?
      • How to Manage Risk and Trade Responsibly?
      • How to Calculate Profit and Loss for Futures Contracts?
    • 🔐Security
      • How to Reset Your Account Password?
      • How to Secure Your Account on the Platform?
      • How to Protect Your Account on the Platform from Scam?
  • RULES & FEES
    • 🏛️Calculation Glossary
      • Fee Structure on the Platform
      • Calculation of Commission in Spot & Margin Trading
      • Calculation of Commission in Future Trading
      • Funding Rates in Perpetual
      • Margin Level and Margin Call
      • Daily Interest Rate for Margin Trading
      • Liquidation Protocols
      • Calculation of Perpetual Margin
      • Loans and Interests
      • Leverage and MMR & IMR
Powered by GitBook
On this page
  • Margin Service Terms
  • Collateral Assets
  • Interest

Was this helpful?

  1. FUNCTIONALTITIES & GLOSSARY
  2. Multi-Assets Cross Margin

Cross Margin Mode

Margin Service Terms

When you utilize the Margin Services, you recognize that you have comprehended and accepted all the terms and conditions specified in the Margin Service Terms, and you agree that you will be obligated to comply with them. This Cross Margin Trading Guide is solely provided for your information and convenience and does not regulate the Margin Services. If any inconsistency occurs between this Cross Margin Trading Guide and the Margin Service Terms, the Margin Service Terms will take precedence.

Collateral Assets

Users of Margin can utilize the net assets available in their Cross Margin account as collateral assets for their Cross Margin trading. The digital assets that are eligible for Margin trading can also be utilized as collateral assets for a Cross Margin account.

Interest

Simple interest accrues on an hourly basis. Interest is calculated first at the time of the successful advance of the relevant Margin Loan, which will be counted as the first hour. It will be calculated again at the next full hour (which will be counted as the second hour), and then every following full hour until the Margin Loan is repaid. This means that even if the Margin Loan is outstanding for less than an hour, interest will be charged for one full hour.

Interest is calculated according to the following formula:

  • Interest = Principal Amount Outstanding * (Daily Interest / 24) * Number of Hours the Loan Has Been Outstanding

  • Principal Amount Outstanding = Tota borrowed amount - repaid amount

Users may repay their debts at any time. Repayment shall be deemed payment of interest first, and after the interest is fully paid, repayment of the principal of the relevant Margin Loan.

Outstanding loan interest shall be included in the calculation of the Margin Level. Assuming no payments of interest are made for an extended period, the Margin Level of the user's Cross Margin account may deteriorate, leading to the risk of a margin call or even forced liquidation.

Margin account interest rates may adjust from time to time.

If you need any further assistance or have any questions, please contact our support team by clientservices@nexuspb.com at any time.

PreviousAuto-Exchange in Multi-Assets ModeNextSecurity Design

Last updated 7 months ago

Was this helpful?

🫰