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 process and implementing penalty interest for borrowing using 

). Please take note of the following changes:

Currently, when the user's borrowing amount exceeds the maximum borrowing limit, the Auto-Repayment process will be initiated only if the account's borrowed amount remains between 100% and 130% (exclusive) for a continuous two-hour period, or reaches 130%, whichever comes first. 

After the adjustment, the Auto-Repayment process will be initiated only if the borrowed amount remains between 100% and 200% (exclusive) for a continous 24-hour period, or reaches 200%, whichever comes first. 

Penalty interest will commence immediately when the user exceeds the borrowing limit. The penalty interest rate is the standard interest rate multiplied by the cube of the user's utilization ratio. 

We strongly encourage users to monitor their borrowing amounts and utilization ratio closely to avoid penalty charges. For further clarification or assistance, please refer to our 

Effective from Feb 4, 2024, Bybit will be adjusting the Auto-Repayment process and implementing penalty interest for borrowing using Unified Trading Accounts (UTA). 

Update on Delayed Auto-Repayment and Penalty Interest Calculation for Borrowing using UTA

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