What is the Unified Futures Trading Account?
Bitrue's Unified Futures Trading Account consolidates USDT-M, USDC-M and Coin-M futures accounts into a single account, streamlining the trading experience.
This account-level margin system supports over 40 cryptocurrencies as collateral, allowing unrealized profits to be used as margin for trading different product types. The Unified Futures Trading Account offers two margin modes—Isolated Margin and Cross Margin—providing traders with greater flexibility in managing their positions.
Margin Modes Supported in the Unified Futures Trading Account
In Cross Margin mode, the Unified Futures Trading Account leverages the entire asset value of the account, including unrealized profits, to maintain and initiate derivative positions. This method enhances capital efficiency by allowing profits and losses from different derivatives to offset each other and calculating margins at the account level, rather than per position.
Additionally, for traders who prefer a trading setup similar to the Standard Account, Isolated Margin mode is available. This mode allows traders to segregate margins for individual positions, thus limiting potential trading losses to the specific allocated amount per position.
The table below shows the various margin modes supported by the Unified Futures Trading Account.
| Account Margin Mode | Benefits | Assets Mode | Supported Products |
| Isolated Mode | Individual Margin Calculations for Positions.Orders in one position do not affect other positions, minimizing potential loss to the margin of that specific position. | Single Asset Mode.Each asset, such as USDT, is used only for its corresponding contracts. For example, USDT can only be used for USDT contracts, while USDC is specific to USDC contracts. |
USDT-M Contracts USDC-M Contracts Coin-Margined Contracts |
| Cross Margin Mode | Profits and losses across different products can offset each other, allowing profits to be used to open new positions. | Multi-Asset Mode.All assets are collateralized as USD for derivatives trading. |
Notes:
— After the upgrade, you will not be able to switch back to your USDT-M,USDC-M and Coin-M Futures Accounts.
Auto Borrowing / Auto Repayment
If the equity of an asset under the Unified Futures Trading Account falls below zero due to trades and/or unrealized losses, the system will automatically process asset borrowing. Similarly, any unrealized profits from the borrowed asset will offset the borrowed amount. Additionally, any deposits or realized profits will be automatically processed as repayment. For more details, please refer to Borrowing and Repayment (Unified Futures Trading Account).
Collateral Value Ratio
Under Cross Margin mode, margin calculations depend on the adjusted equity value of the account. Each collateral asset is valued based on its specific collateral value ratio, which primarily reflects the asset’s liquidity conditions.
Total Margin Balance Calculation
The total margin balance in USD value of your Unified Futures 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 2 × Corresponding USD Index Price × Corresponding Collateral Value Ratio + … + Asset N × Corresponding USD Index Price × Corresponding Collateral Value Ratio)
The USD Index Price is calculated as follows:
USD Index Price = USDT Perpetual Index Price × USDT Conversion Rate
USDT Conversion Rate = BTCUSD Index Price / BTCUSDT Index Price
If there is no USDT Perpetual Index Price available for a certain asset, the Last Traded Price from the Bitrue Spot market will be used as a reference.
For example, the USD Index Price for ETH will be calculated as:
ETHUSDT Index Price × USDT Conversion Rate.
| Asset | Collateral Value Ratio |
| USDC | 100% |
| USDT | 100% |
| BTC | 98% |
| ETH | 95% |
Learn more about the collateral value ratio of different assets by visiting this page.
Notes:
— 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%.
— Parameters may be adjusted based on market conditions. Bitrue will notify users in advance.
Example
Assuming Trader A currently has 1,000 USDT, 1,000 USDC, and 0.1 BTC in their Unified Trading Account.
| Assets | USD Index price | Collateral Value Ratio | USD equivalent |
| USDT | 0.9952 USD | 100% | 1，000 x 0.9952 x 100% = 995.20 USD |
| USDC | 1 USD | 100% | 1，000 x 1 x 100% = 1，000 USD |
| BTC | 16，639.81 USD | 98% | 0.1 x 16，639.81 x 98% ≈ 1，630.7814 USD |
|
Total Margin Balance = 995.20 + 1，000 + 1，630.7814 ≈ 3625.9814 USD The total amount that can be used as a margin in your account is 3625.9814 USD. |
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Risk Management
Under Cross Margin mode, the Unified Trading Account (UTA) calculates all risks and assets in USD. Positions can be maintained as long as the account's maintenance margin rate is below 100%. Liquidation is triggered when the maintenance margin rate reaches or exceeds 100%.
Under Isolated Margin mode, the UTA segregates the margin used for an individual position from the account balance. Liquidation is triggered when the Mark Price reaches or exceeds the Liquidation Price.