Article

Interest Calculation

Published on Dec 16, 2020Updated on Apr 12, 20242 min read

1. Interest will be collected if the liability is generated in cross margin and isolated margin mode. However, in the multi-currency and profilio margin account cross position , the unrealized loss generated by the derivatives positions will enjoy an interest-free limit, and if the liabilities caused by the unrealized loss amount of the derivatives positions is within the interest-free, no interest will be accrued.

2. Interest calculation and deduction

The interest of the liabilities in cross margin mode and isolated margin mode will be calculated and deducted respectively;

The interest is calculated and recorded every hour, and is deducted every hour based on 16:00(UTC). It’ll take around 10 minutes to record accrued interest. Any liabilities that are incurred during this period will be recorded as well.

Example: When a user borrows money at 14:55, user interest is not recorded at this time. At 15:00, the user's interest is calculated through liabilities. At 15:00, interest deduction occurs. If the user pays off the borrowed currency at 14:57, interest will not be accrued.

The link of Borrowing data：

https://www.OKX.com/balance/report-center/unified/borrowing-data/interest-rate-and-limit

3. Interest-free quota

Interest-free limit

Asset	Interest-free limit
USDT	20000USDT+Max（0，Cross equity of USDC）+Max（0，Cross equity of TUSD）
USDC	5000+Max（0，Cross equity of USDT）
BTC	1
LTC	10
ETH	5
ETC	2000
XRP	5,000
EOS	500
BCH	5
BSV	5
TRX	30,000
LINK	50
DOT	50
ADA	500
ALGO	500
ATOM	20
CRV	100
FIL	10
DASH	2
IOST	10,000
IOTA	500
KNC	200
NEO	10
ONT	300
QTUM	100
THETA	100
SUSHI	30
SUN	20
XLM	1,000
UNI	20
XMR	2
XTZ	100
ZEC	2
YFI	0.01
YFII	0.1