Unified Trading Accounts, Shared Collateral, and Cross-Product Risk
Summary
The document explains a unified trading account that combines supported spot, margin, and futures products within a shared asset pool. It describes how eligible collateral is valued using asset prices and collateral ratios, and how account equity incorporates positions, unrealized profit and loss, liabilities, interest, and maintenance margin. Profits in one product may offset losses in another when calculating account level risk.
The article contrasts this structure with separate product accounts and outlines four account modes, including isolated margin, stablecoin collateral, multi-asset collateral, and eligible delta-neutral use. It also describes auto-borrowing and repayment, liquidation considerations, and operational requirements for switching account types. Shared collateral can improve capital use, but it also links exposure across products: losses or borrowing in one area can reduce support for others. The details are specific to the described exchange and account rules, which may change.
Key ideas
- A unified account can pool eligible assets across supported spot, margin, and futures products.
- Collateral value depends on applicable ratios rather than simply counting an asset at full market value.
- Cross-product profit and loss can affect account equity and margin calculations.
- Shared margin can improve capital efficiency while spreading risk across positions.
- Borrowing and accrued interest can reduce available margin and increase liquidation risk.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.