Adjustment of the Borrowed Amount Calculation in UTA Account under Cross Margin Mode

Jun 12, 2023DerivativesInstitutionsUnified Trading Account

Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.

Bybit will be adjusting the calculation formula for the borrowed amount under the Cross Margin mode of the Unified Trading Account (UTA) on Jun 14, 2023. The updated calculation method will exclude the USDC Option value from the determination of the borrowed amount.

Existing Calculation Formula:

ABS [Min (0, Asset Equity - Asset Frozen)]

Updated Calculation Formula:

ABS [Min (0, Asset Equity - Positive Option Value - Asset Frozen)]

Important: This change may result in the liquidation of your UTA. To avoid potential losses, please adjust your Option value accordingly.

Please note that the Portfolio Margin mode under UTA is not affected.

To learn more about UTA on Bybit, please visit here.

Thank you for your continued support.