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Margin Trading (up to 5×)

Borrow against your spot holdings and trade with up to 5× leverage on spot pairs.

How it differs from perps

Margin uses real borrowed inventory settled on the spot book. No funding rate — just an hourly borrow rate that accrues to the lending pool.

Borrow rates

USD 4.1% APR · USDC 3.8% · BTC 0.9% · ETH 1.4%. Rates are floating and repriced hourly against pool utilization.

Collateral

60+ assets accepted as collateral with per-asset haircuts. LTVs range from 50% (majors) to 20% (long-tail).

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