Multi-Asset Settlement

Modified on Fri, 4 Oct, 2024 at 8:11 AM

Our multi-asset settlement feature allows users to settle trades in their preferred fiat currencies or tokens, directly within the position management section on their trading interface.


Whether you prefer traditional currencies or cryptocurrencies such as BTC or ETH, we’ve now streamlined the process for your convenience.


Benefits for Users

  • Efficiency
    Reduces the time spent on manual currency conversions or transfers between different accounts.

  • Accessibility
    Access to a wide range of settlement options empowers users to manage their positions according to their financial preferences.

  • Cost-Effectiveness
    Minimizes fees associated with multiple transactions or conversions through integrated settlement options.


How It Works


When you close a position with a positive P&L, the system will automatically convert the profit to the currency or fiat which you settle in. 


The method for calculating how much of the target currency/ token you will receive is as follows:


USDT Value of Realized P&L / { Index Price of the Target Currency or Token x [ 1 + ( 1 - Collateral Ratio% ) ] }


Example 1:

  • Your realized P&L: +3,000,000 USDT

  • Settlement currency: USDT

  • Index price of USDT: 1 USDT

  • The conversion ratio follows the logic of the collateral ratio (please refer to this page)


In this example, the realized P&L is +3,000,000 USDT, so please refer to the conversion ratio below.




The USDT you will receive = 

3,000,000 / { 1 * [ 1 + ( 1 - 100% ) ] } 

3,000,000 USDT



Example 2:

  • Your realized P&L: +3,000,000 USDT

  • Settlement currency: BTC

  • Index price of BTC: 60,000 USDT

  • The conversion ratio follows the logic of the collateral ratio (please refer to this page)


In this example, the realized P&L is +3,000,000 USDT, so please refer to the conversion ratio below.


The BTC you will receive = 

1,000,000 / { 60,000 * [ 1 + ( 1 - 99% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 98% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 97% ) ] } 

49.02274921 BTC



Example 3:

  • Your realized P&L: +6,000,000 USDT

  • Settlement currency: BTC

  • Index price of BTC: 60,000 USDT

  • The conversion ratio follows the logic of the collateral ratio (please refer to this page)


In this example, the realized P&L is +6,000,000 USDT, so please refer to the conversion ratio below.


The BTC you will receive =

1,000,000 / { 60,000 * [ 1 + ( 1 - 99% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 98% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 97% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 96% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 95% ) ] } + 1,000,000 / { 60,000 * [ 1 + ( 1 - 90% ) ] }

96.07292127 BTC


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