Bitunix offers two asset modes for futures trading: Single-asset mode and Multi-assets mode.
In the single-asset mode, only USDT is used as the margin, while in the multi-assets mode, you can use other tokens as the margin for USDT-M futures trading.
In multi-assets mode, all supported tokens can be used as margin. The way to use them as margin is by converting the value of the token into USDT using a discount rate. Each token has its corresponding discount rate table, which can be viewed in Market Information -> Multi-assets mode -> "Discount Rate" section.
In single-asset mode, the discount rate for these assets is calculated as 0, meaning they are not converted into margin but can be freely transferred.
For example, the discount rate for BTC is shown in the table below:
|
BTC
|
Account Value | Discount Rate |
| 0-100000 | 97.50% | |
| 100000-500000 | 97.00% | |
| 500000-1000000 | 96.50% | |
| 1000000-5000000 | 96.00% | |
| >5000000 | 85.00% |
Assuming the index price of BTC is 60,000, and the user deposits 10 BTC into the futures account. The value of the account at the index price would be 60,000 × 10 = 600,000 USDT. Under the multi-assets mode, the margin value would be calculated as: 100,000 × 0.975 + 400,000 × 0.97 + 100,000 × 0.965 = 582,000 USDT.