How do I repay the loan and interest?

Published on Mar 20, 2023Updated on Aug 1, 20262 min read47
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Both Futures mode and Multi-currency mode support spot trading and margin trading. After borrowing assets, you need to repay the borrowed assets along with interest.

Futures mode: Repay the loan and interest

When performing margin trading in futures mode, if you borrow assets, whether in cross margin or isolated margin, you can automatically repay the borrowed assets and interest upon closing.

Multi-currency mode: Repay the loan and interest

In the multi-currency mode, if you borrow coins and incur a liability, you can view the liability under the Assets section after closing the position. The interest will be added to the liability, and you need to buy cryptocurrency through spot trading to repay the liability.

Note: in the multi-currency mode, if you incur a liability, you'll need to repay the liability before switching transaction modes.

Repaying borrowed funds and interest in Spot mode

In Spot mode, you can view your outstanding borrowed assets and amounts in the Assets section. Select the Repay button below the relevant asset to proceed with repayment.

If your available balance of that asset is insufficient to repay the full loan, the platform will prompt you to sell other assets in your account to cover the repayment. You can select which assets to sell for this purpose. Note that the actual amount converted may differ due to market fluctuations, and large conversions may result in longer execution times and greater slippage.