2025-05-12 15:31:37
General Inquiries
What is a Unified Trading Account (UTA)?
The Bybit Europe Unified Trading Account (UTA) is a versatile all-in-one account mode that offers traders access to multi-currency trading and core trading products, including Spot Trading and Spot Margin Trading. It provides traders with a powerful option to combine trading and cross-collateral margin without switching between accounts.
In simpler words, supported margin assets in UTA can be collateralized and a margin balance in USD (or your selected currency settings) will be calculated. You can use the available margin balance to place orders for trading products supported in UTA even without holding the respective settlement coin. For more information, please visit here.
What are the benefits of UTA?
Aside from the operational convenience of combining all trading instruments into a single account, UTA offers users several key trading benefits. For more information, please refer to the 8 Key Benefits of Upgrading to Bybit Europe’s Unified Trading Account.
How are my assets organized in a Unified Trading Account?
Below is the account structure under UTA:
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Funding Account: You can make deposits or withdrawals via a Funding Account.
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Unified Trading Account: To trade Spot and Spot Margin.
What is the Margin Balance and is this the amount I can use to place an order?
Margin Balance is only relevant in UTA Cross Margin and Portfolio Margin mode. It is the total amount that can be used as a margin in your account, including Wallet Balance. If the margin balance falls below the maintenance margin, liquidation will be triggered. Do note that the value is a converted value after considering the asset index price and collateral value ratio and not the actual USD amount held in your account.
While Margin Balance shows the amount that can be used as a margin in your account, Available Balance is the available margin balance that you can use to place an order. You can see the Available Balance for order placement on the trading page.
Why is the Margin Balance shown on my Assets page different from the amount of assets I held? How is it calculated?
Only assets that are enabled to be Used as Collateral will be calculated as Margin Balance. Also, according to the different liquidity conditions of each coin, the collateral value ratio of different assets varies. The total margin balance in USD value of your Unified Trading Account is based on the following calculation:
Total Asset Value (in USD) = Sum (Asset 1 × Corresponding USD Index Price × Corresponding Collateral Value Ratio + …. + Asset N × Corresponding USD Index Price × Corresponding Collateral Value Ratio)
The collateral value ratio only applies to assets with a positive balance. For assets with a negative balance, the collateral value ratio will default to 100%, regardless of what asset it is. To view the collateral value ratio of each coin, please refer to the Margin Specification.
How to derive the USD Index Price?
The USD Index Price can be derived as follows:
USD Index Price = USDC Perpetual Index Price x USDC Conversion Rate
USDC Conversion Rate = BTCUSD Index Price / BTCUSDC Index Price
If there is no USDC Perpetual Index Price for a certain coin, the Last Traded Price from the Bybit Europe Spot market will be taken as a reference. Take ETH as an example, the USD index price for ETH will be ETHUSDC Index Price x USDC Conversion Rate.
What is the transferable amount?
The transferable amount on your UTA asset page is the maximum amount of the respective coin that you can transfer out from UTA for withdrawal. This is an estimated amount after considering the initial margin, frozen amount for active orders or borrowings and order loss.
The actual amount that can be transferred is subject to the real-time display in the Transfer window. You will not be able to transfer out more funds from UTA when IMR reaches 100%. Please note that unrealized profit can only be used for trades but cannot be transferred out.
Trading Related
What margin modes are supported by UTA?
Isolated Margin, Cross Margin, and Portfolio Margin modes are supported in UTA. For more information, please visit here.
How can I switch my margin mode?
You can switch your margin mode from any trading page or Unified Trading Account asset page. For more information, please refer to the criteria to switch margin modes stated here.
Can I have different margin modes for different trading pairs?
No, the margin mode selected will be applied to the account level and all trading pairs.
Can I have different leverage for different trading pairs?
Yes, you can have different leverages for different trading pairs.
What position mode is supported in UTA?
Please note that only One-way mode is supported in the Unified Trading Account.
What are the differences between each margin mode?
For the details of the difference between each margin mode under UTA, please visit this page.
What is Portfolio Margin mode?
Under Portfolio Margin mode, traders can offset the Collateral Risk and unrealized P&L. It is a risk-based margin policy that uses Stress Testing (the mark price and implied volatility of the underlying asset) to calculate the overall risk of a portfolio. For more information, please refer to Margin Calculations under Portfolio Margin.
Why am I unable to place an order?
This might be due to your account having an Initial Margin Rate (IMR) of 100%. Please be aware that when the account's IMR is 100%, new spot margin orders that would occupy the margin cannot be placed. For more details, please refer to the Trading Rules: Liquidation Process.
Can I place an order even if the available balance for the settlement coin is insufficient in UTA?
Yes, if you are using Cross Margin or Portfolio Margin mode, as long as you have supported collateral assets and its equivalent USD value under the account is sufficient, you can open your positions or place orders. However, it may incur liabilities (in that currency) after the trade is executed. You can view the respective available balance under each trading page.
For the Isolated Margin mode, you will need to hold the respective settlement coin to trade the products. For example, you will need to have USDC to trade a USDC spot contract.
Can all assets in the Unified Trading Account be used as collateral?
Not all assets in UTA can be used as collateral for Spot Margin trading. To view the supported margin assets, please visit here.
Can I select which assets to use as collateral for trading?
Yes, you can choose the assets you want to use as collateral on your UTA asset page. Please note that USDC will always be set as default collateral, and its collateral status cannot be turned off. For more information, please refer to Understanding Collateral Value Ratios in Unified Trading Account.
How to assess my UTA account risk?
Under UTA Cross Margin or Portfolio Margin mode, you are using the Initial Margin Rate (IMR) and Maintenance Margin Rate (MMR) to assess your account risk. When MMR reaches 100%, the liquidation process will be triggered.
For more details, please refer to the Trading Rules: Liquidation Process (Unified Trading Account).
Under what circumstances will I receive a risk notification for a Unified Trading Account?
You may receive 2 risk alert notifications via email as follows:
1. Auto Repayment Alert: When the Maintenance Margin Rate of your Unified Trading Account is 90% and your account currently has a borrowed amount, you will receive an email to inform you that your margin assets will be sold to settle all liabilities if your maintenance margin utilization reaches 100%. You will receive such risk email notification no more frequently than every four (4) hours.
2. Maximum Borrowing Amount Alert:
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When your borrowing amount reaches 90% of the maximum borrowing limit, a risk email will be sent.
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When your borrowing amount reaches 100% of the maximum borrowing limit, you will receive a risk email. A delay on Auto Repayment will be granted. If any of the below two conditions happens, the Auto Repayment will trigger immediately.
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The duration for the borrowed amount exceeding 100% of the maximum borrowing limit is longer than 24 hours.
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The borrowing amount reaches 200% of the maximum borrowing limit.
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A risk reminder will be sent again on 6, 12, and 23 hours.
Note: It is strongly recommended for users to continue monitoring their account in case of risk alert delay or glitch. Bybit Europe will not be held responsible for liquidations resulting directly or indirectly from this alert feature’s malfunction.
Are my bonuses/fee savers affected after I upgrade to a Unified Trading Account?
No, after you upgraded your account to a Unified Trading Account, you can use the bonuses/fee savers you received. However, you will not be able to claim your bonus/fee savers from the Rewards Hub until the upgrade process is complete. You will also be unable to claim your rewards if you have a negative wallet balance in UTA.
Please note that in the event of receiving both bonus and fee savers at the same time, the bonus will be used before the fee saver.
Where can I view the Order Limits for UTA?
You can view the order limits for UTA here, including the collateral value ratio, borrowing limits, contract price limit, maximum and minimum order size, risk limit tier, and more.
Borrowing and Repayment Related
How does borrowing occur?
Any of the below scenarios will generate a borrowed amount and the system will process an auto borrowing of the assets in UTA:
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Your wallet balance has been reduced due to a transaction, such as a trading fee paid
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Assets are borrowed for Margin Trading
For more detailed examples, please refer to Borrowing and Repayment.
Where can I view the borrowable assets?
You can view the borrowable assets in UTA here.
How to repay the borrowed amount?
Currently, traders can do manual repayment on the UTA via the few methods stated below:
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Go to Unified Trading Account and click on the Repay button for repayment. Please note that Bybit Europe will charge a 0.1% repayment handling fee (conversion fee from margin assets into borrowed coins) on the total repayment amount. For more details, please visit here.
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Make a deposit or manually transfer assets in the respective borrowed amount from another account to your Unified Trading Account. The borrowed amount will be deducted from your positive wallet balance immediately.
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Manually sell other margin assets through Spot Trading to convert them into the assets that you borrowed. However, please note that if the Initial Margin Rate (IMR) is 100%, you are not allowed to place an order to buy assets with a lower collateral value ratio using assets with a high collateral value ratio. You can log in to your Unified Trading Account and check the collateral value ratio from here.
Do I need to pay interest on each borrowing?
Yes, interest is charged on all realized borrowings, including borrowed amounts from Spot Margin Trading and realized trading fees. For more information, please refer to Borrowing, Interest, and Repayment.
What are the maximum interest-free and borrowing limits under the Unified Trading Account?
A maximum borrowing amount is a limit on the amount of borrowing you can hold on an individual account while the maximum interest-free amount is the maximum amount of borrowing that arises from unrealized loss that can be exempted from interest charges.
The maximum interest-free amount applies exclusively to USDC. Please note that the interest-free limit is calculated on a per-account basis, while the maximum borrowing limit is shared among your Main Account and Subaccounts. For more detailed examples, you can find additional information in the Borrowing and Repayment.
To find the UTA maximum interest-free amount for each VIP level, please refer to this link. For the UTA maximum borrowing limit, visit the Margin Data page.
When will interest be calculated and deducted?
Once the borrowing has been incurred, interest will be charged hourly. The system will auto-calculate and charge the interest five minutes after each hour, such as 8:05 AM UTC or 9:05 AM UTC, etc based on the interest rate and amount of borrowing at that time.
The interest rate for Unified Trading Account is not fixed and it is subject to change on a real-time basis. For more information on how the interest rate is derived, please refer to Bybit Europe Floating Interest Rate System.
Formulas
Hourly Interest Payment = Borrowing Amount × Hourly Interest Rate
Borrowed Amount = ABS [Min (0, Equity − Asset Frozen)]
Please note that a penalty interest will be charged when your borrowing amount exceeds 100% of the maximum borrowing limit. The interest charges will be multiplied by the cube of the utilization ratio.
Penalty Interest Payment = Borrowing Amount × Hourly Interest Rate × (utilization ratio)3
For example, assuming the current borrowing amount is 3,000,000 USDC and the hourly interest rate is 0.0001%, the penalty interest charge is as follows:
Utilization Ratio = 3,000,000/2,500,000 = 120%.
Penalty interest = 3,000,000 × 0.0001% × (1.2)3 = 5.184 USDC
If I have multiple collateral assets in my Unified Trading Account, which assets will be used as collateral for my borrowings?
There is no specific order in which collateral assets are prioritized. When you have multiple collateral assets that are sufficient to cover your borrowings, you can select which assets to be transferred out from your Unified Trading Account, until the IMR reaches 100%.
I did not initiate a repayment on my UTA, why did the system perform auto repayment on my behalf?
In the following scenarios, auto repayment will be triggered in UTA.
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The asset borrowing for the corresponding asset exceeds the maximum borrowing amount. Assets with sufficient available balance under the Unified Trading Account will be sold to buy assets with insufficient available balance. This reduces the borrowed amount to 90% of the maximum borrowing amount.
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When the user holds Spot Margin orders under the Unified Trading Account, and the MM rate of the account is ≥ 100%.
For more details on the auto repayment process, please refer to Borrowing, Interest and Repayment.
Where can I view my borrowing, interest, and repayment history?
You can go to your Unified Trading Account asset page to view the history. For more information, please visit here.
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