The Trading Account offers two margin modes: Isolated Margin (IM) and Cross Margin (CM). By default, Trading Account is set to Cross Margin, but you may switch to the margin mode that best aligns with your trading strategy.
Please note that the selected margin mode applies to the entire account—it cannot be set individually for each trading pair.
Below is a comparison of the two margin modes available under Trading Account.
Comparison of Margin Modes
| Isolated Margin | Cross Margin (Default) | |
| User Profile | Derivatives Traders | Derivatives Traders |
| Supported Products |
USDT Perpetual Inverse Perpetual |
USDT Perpetual Inverse Perpetual |
| Criteria Required | No | No |
| Position Mode | One-way Mode, Hedge Mode (USDT-Perp Only) | One-way Mode, Hedge Mode (USDT-Perp Only) |
| Margin Rate (Account Based) | Not applicable | Initial Margin Rate, Maintenance Margin Rate |
| Margin Calculation | Calculated based on individual positions. | Calculated based on individual positions. |
| Asset Mode |
Single-Asset Mode: Only the settlement asset can be used to trade its corresponding contract. For example, USDT can only be used to trade USDT-settled contracts. |
Multi-Asset Mode: The collateral required for derivatives trading is converted into its USD value. For example, if you hold BTC, you can use it as collateral, and its corresponding USD value can be used to trade USDT perpetual contracts. |
| Leverage Settings | Different leverage can be set for long and short positions. | Hedged positions (long and short) must use the same leverage |
| Liquidation Trigger Criteria | Liquidation is triggered when Mark Price reaches Liquidation Price | Liquidation is triggered when Account Maintenance Margin Rate reaches 100% |
| Liquidation Price Display (Derivatives) | The Liquidation Price display is the actual liquidation trigger price. | The liquidation price display is an estimate and reference only, as the actual trigger is when Account MMR reaches 100%. |
| Able to offset P&L of Derivatives Positions? | No | Yes |
| Able to use unrealized profits from perpetual & futures contract to open new positions? | No | Yes |
| Support Auto Margin Replenishment | Yes | No |
| Support Borrowings | No | Yes |
Criteria for Switching Between Margin Modes
Switching from Cross Margin to Isolated Margin:
Sufficient assets are available to cover the increased margin requirement.
No outstanding loans exist.
The mark price of the trading pairs for your existing positions or orders must not fall below the liquidation price after switching to Isolated Margin.
Adequate assets are allocated to each position to prevent forced liquidation after switching to Isolated Margin.
After successfully switching to Isolated Margin Mode:
- By default, Auto-Add Margin is disabled.
- By default, the Collateral Asset toggle is turned off.
Switching from Isolated Margin to Cross Margin:
- The initial margin ratio must be ≤ 100% after the switch.
After successfully switching to Cross Margin Mode:
- If you hold Inverse Contract positions or orders, the corresponding settlement asset will be enabled as a collateral asset.
- If different leverage settings are applied to existing long and short positions or orders under Isolated Margin, the system will adjust them to use the lower leverage setting after switching to Cross Margin Mode.
- If existing long and short positions or orders are set at different risk limit tiers, the system will adjust their leverage based on the higher risk limit tier after switching to Cross Margin Mode.