Your total asset value of the Cross Margin Account = Current total market value of all digital assets in the Cross Margin Account.
Equity (Position)
Equity is the net assets of the tokens and also the position you hold in your Cross Margin Account for each token. A non-zero, positive number indicates a long position, while a non-zero negative number indicates a short position.
Equity = Position = Balance - Debt
Collateral Value
Your collateral value = The total value of each asset after a tiered discount based on collateral ratio.
Collateral Value refers to the total value of all assets in your Cross Margin Account (in USDT). It may be less than your assets value because it also takes into consideration the relevant Collateral Ratio (the percentage at which the relevant asset is valued) and Mark Price (moving average fair price).
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. The interest accrues at the start of every hour (e.g., 13:00, 14:00, etc.). This means that even if the Margin Loan is outstanding for less than an hour, interest will be charged for one full hour.
Interest = Principal Amount Outstanding * Hourly Interest * Number of Hours the Loan Has Been Outstanding
Example: Assuming the hourly interest is 0.001%. User A borrows 1,000 USDC at 13:20 and repays at 14:15. The interest rate calculation is calculated as 1,000 * 0.001% * 2 hours = 0.02 USDC. User A was charged for two hours because interest is charged once for the borrowing between 13:20 to 13:59 and another from 14:00 to 14:15.
You may repay your debts 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 is included in the Margin Level calculation. Assuming no interest payments are made for an extended period, the Margin Level of your Cross Margin Account may deteriorate, leading to the risk of a margin call or even forced liquidation.
Margin Account interest rates are adjusted occasionally to reflect market conditions. You can find the latest interest rate on the Margin Data page.
Margin Level
You may only use the assets in your Binance Cross Margin Account as collateral for Margin Loans. However, the digital assets in your other accounts are not included in the Margin calculation for Cross Margin trading.
The Margin Level of a Cross Margin Account is calculated as follows:
Margin Level = Total Asset Value of a Cross Margin Account / (Total Liabilities + Outstanding Interest)
Collateral Value refers to the total value of all assets in your Cross Margin Account in USDT. It also takes into consideration the relevant Collateral Ratio (the percentage at which the relevant asset is valued). For more details on the Collateral Ratio for each digital asset, please refer to the Margin Data page and Binance Cross Margin Collateral Haircuts.
The Collateral Margin Level of the Cross Margin Account = Collateral Value / (Total Liabilities + Outstanding Interest)
Max Borrow Amount
The maximum borrowable amount in Cross Margin depends on your total collateral, chosen leverage, borrowed amount, and your VIP level.
Assuming：
A= Collateral Value Excluding Borrowing
B= Borrowed Amount
C= Outstanding Interest
Cross Margin Classic 3X:
Cross Margin Classic 5X:
To learn more about your Binance Margin Account, visit the Cross Margin FAQs page.
In this section, you will learn:
Difference between Cross Margin Classic 3x and 5x, and Cross Margin Pro modes.
How to switch between different leverages.
Cross Margin Classic and Pro
Cross Margin Classic mode includes 3x and 5x. All new Cross Margin Accounts are 5x by default. All parameters in "Parameter" tab apply for Cross Margin Classic mode.
Cross Margin Pro supports up to 20x, depending on your region. Cross Margin Pro has some different parameters to evaluate the account risk and borrow limit.
Log in to your Binance account and go to [Assets] - [Margin]. Click [Cross 5x].
Or go to [Trade] - [Margin]. Scroll down to the order panel and click on the leverage button.
On the Binance App
There’s 2 ways you can use to adjust leverage:
Go to [Trade] - [Spot], toggle [Margin] buttonand tap [5x].
Or go to [Assets] - [Spot], choose [Cross Margin] tab, and tap [5x].
Please note:
If you want to adjust the leverage level, your Margin Level needs to be higher than the Initial Margin Level.
To adjust from 3x to 5x, your Margin Level needs to be higher than 1.25;
To adjust from 5x to 3x, your Margin Level needs to be higher than 1.5.
You can only adjust the leverage level once every minute.
The Customize Margin Call Ratio (MRC) will be removed automatically after adjusting the leverage level. You can customize the MCR again, by going to [Assets] - [Margin] - [Settings] - [Customize MCR].
Sub-accounts
The number of sub-accounts you can open is subject to your master account’s VIP level.
For more information, refer to the “Frequently Asked Questions” tab in this article.
The maximum loan limit of each sub-account is calculated using the master account’s limit divided by a denominator as shown in the table below:
VIP Level
0
1
2
3
4
5
6
7
8
9
Denominator
5
5
20
20
40
40
40
70
70
70
However, the maximum loan limit of each sub-account for a VIP user with custom sub-account limit settings is 1/n of the master account’s limit, where n = number of sub-accounts.
Margin Service Terms
By using the Margin Services, you acknowledge that you have read, understood, and accepted all of the terms and conditions in the Margin Service Terms, and you acknowledge and agree that you will be bound by and will comply with the Margin Service Terms. This Cross Margin Trading Guide does not govern the Margin Services and is provided for your information and convenience only. In the event of any conflict between this Cross Margin Trading Guide and the Margin Service Terms, the Margin Service Terms shall prevail.
Disclaimer and Risk Warning: This content is presented to you on an “as is” basis for general information and educational purposes only, without representation or warranty of any kind. Digital asset prices are subject to high market risk and price volatility. The information provided does not constitute, in any way, a solicitation or recommendation or inducement to buy or sell the products. The value of your investment may go down or up, and you may not get back the amount invested. Cross-margining contributes to providing greater leverage than a regular margin account, and greater leverage creates greater losses in the event of adverse market conditions. There is increased risk that a user's cross-margin positions will be liquidated involuntarily, causing possible loss. Comments and analysis do not constitute a commitment or guarantee on the part of Binance. You are solely responsible for your investment decisions and Binance is not liable for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment. This material should not be construed as financial advice. This product may not be available in certain countries and to certain users. This content is not intended for users/countries to which prohibitions/restrictions apply. For more information, see our Terms of Use and Risk Warning. To learn more about how to protect yourself, visit our Responsible Trading page.
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