As we launch Proof of Reserves (PoR), OKX has introduced the net asset snapshot. A debt (i.e. negative equity) will be recorded in the snapshot after you borrow assets. If you find that your asset overview display is different from the snapshot result, it may be caused by margin trading positions in the trading account or loans (flexible loan or fixed term loan) in the Grow account.
Why are the assets in my account inconsistent with the snapshot?
If you have margin trading positions, the assets shown on the "My portfolio" page are the sum of the collateral and UPL in the margin trading position.The purchased assets and debt of the margin trading position will not be included in the "My Portfolio" page but will be included in the snapshot, this is where the inconsistency is from.
If there is a difference between the account asset equity and the snapshot result, does it mean that the total value of the account is under or over?
If you have a margin position, although the snapshot result is different from the specified account crypto equity, the two methods of calculation will have the same total account value in USD.
For example, when you carry out margin trading, if you borrow 3 ETH and sell them for 3 × 1,100 (ETH/USDT price) = 3,300 USDT. In the PoR snapshot, ETH will decrease by 3, and USDT will increase by 3,300.If you combine the PoR snapshot of both ETH and USDT, it's equivalent to the UPL of the margin position.
Advanced verification method
Trading equity value
Which account mode supports margin positions?
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Mode
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Simple
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Single-currency margin
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Multi-currency margin
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Portfolio margin
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Margin trading (cross)
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Margin trading position
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Margin trading (isolated_auto transfers)
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Margin trading position
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Margin trading position
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Margin trading position
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Margin trading (isolated_quick margin)
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Margin trading position
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Margin trading position
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To view account mode, go to Trade > Settings > Account mode
To switch isolated margin trading mode between auto transfer and quick margin
Here are examples of why the calculations are different
Margin trading position mode: cross
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Account asset equity
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Asset equity snapshot
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Initial assets
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Order placing
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Account mode: single-currency
Margin trading position mode: cross
Buy 10 ETH at 1,087.24 and use ETH as margin
The ETH order is filled with a fee of -0.01 ETH, now the assets bought is (10 – 0.01 = 9.99) ETH
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Position
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After position has been opened, cross account balance is not changed and it is still 15 ETH. There is no isolated position margin in this case.
When position assets are 9.99 ETH and position liability is 10,872.4 USDT, the ETH mark price is 1,091.43 and PnL is 0.0283ETH.
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Formula
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"Equity" refers to the "Asset" tab of the trading page
Account asset equity = cross account balance + isolated position margin +
margin trading UPL + futures UPL + perpetual UPL + options value
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Asset equity snapshot is calculated by the actual assets and liabilities of margin trading.
Snapshot asset equity = cross account balance + isolated position margin(except isolated margin trading) + margin trading position assets - margin trading position liabilities + futures UPL + perpetual UPL + options value |
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Differences in calculation
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Asset equity snapshot – Account asset equity = –isolated position margin(margin trading) + margin trading position assets – margin trading position Liability – margin trading UPL
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Results
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ETH：
Account asset equity = 15 ETH +
0.0283 ETH = 15.0283 ETH
USDT：
Account asset.equity = 9,000 USDT
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ETH：
Snapshot asset equity = 15 ETH + 9.99 ETH = 24.99 ETH
USDT：
Snapshot asset equity = 9,000 USDT– 10,872.4 USDT = -1,872.4 USDT
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Crypto Difference
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ETH：Asset equity snapshot – Account asset equity = 24.99 ETH – 15.0283 ETH = 9.9617 ETH
USDT：Asset equity snapshot – Account asset equity = -1,872.4 USDT – 9,000 USDT = -10,872.4 USDT
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USD value Difference
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9.9617 ETH * 1,091.43(ETH mark price) + (-10,872.4 USDT) = 0
USD value of all crypto equity in account = USD value of all assets amount in snapshot
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How to cross check with crypto equities
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ETH：
Isolated position margin(margin trading) = 0 ETH
Margin trading position assets = 9.99 ETH
Margin trading position liabilities = 0 ETH
Margin trading unrealized profit and loss = 0.0283 ETH
D-value = - 0 ETH + 9.99 ETH - 0 ETH - 0.0283 ETH = 9.9617 ETH
USDT：
Isolated position margin(margin trading) = 0 USDT
Margin trading position assets = 0 USDT
Margin trading position liabilities = 10,872.4 USDT
Margin trading unrealized profit and loss = 0 USDT
D-value = -0 USDT + 0 USDT – 10,872.4 USDT – 0 USDT = -10,872.4 USDT
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Audit Details Page - Detailed fields of Trading account
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ETH :
USDT：
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Note: the overall USD value of the user's account and snapshot assets is equal, but due to the existence of assets and liabilities in margin trading positions, the number of the corresponding crypto will be different
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Margin trading position mode : isolated - auto transfers
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Account asset equity
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Asset equity snapshot
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Initial assets
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Order placing
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Buy 10 ETH at 1,406.93 and use ETH as margin, 10x leverage. Isolated position margin (margin trading) is 1 ETH.
The ETH order is filled with a fee of -0.01 ETH. Now the asset bought is (10 – 0.01 = 9.99) ETH
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Position
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After position has been opened, 1 ETH will be transferred to isolated margin.
Cross account balance will be 14 ETH and isolated position margin will be 1 ETH.
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Formula
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"Equity" refers to the "Asset" tab of the trading page.
Account asset equity = cross account balance + isolated position margin + margin trading UPL + futures UPL + perpetual UPL + options value
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Asset equity snapshot is calculated by the actual assets and liabilities of margin trading.
Snapshot asset equity = cross account balance + isolated position margin (except isolated margin trading) + margin trading position assets - margin trading position liabilities + futures UPL + perpetual UPL + options value
Isolated margin trading position margin has been counted in the margin trading position assets.
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Differences in calculation
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Asset equity snapshot – Account asset equity = –isolated position margin (margin trading) + margin trading position assets – margin trading position Liability – margin trading UPL
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Results
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ETH:
Account asset equity = 14 ETH + 1 ETH + (- 0.0042 ETH) = 14.9958 ETH
USDT:
Account asset equity = 9,000 USDT
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ETH：
Snapshot asset equity = 14 ETH + 10.99 ETH = 24.99 ETH
USDT：
Snapshot asset equity = 9,000 USDT – 14,069.3 USDT = -5,069.3 USDT
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Crypto Difference
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ETH：Asset equity snapshot – Account asset equity = 24.99 ETH – 14.9958 ETH = 9.9942 ETH
USDT：Asset equity snapshot – Account asset equity = -5,069.3 USDT – 9,000 USDT = -14,069.3 USDT
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USD value Difference
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9.9942 ETH * 1,407.75(ETH mark price) + ( -14,069.3 USDT ) = 0
USD value of all crypto equity in account = USD value of all assets amount in snapshot
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How to cross check with crypto equities
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ETH：
Isolated position margin (margin trading) = 1 ETH
Margin trading position assets = 10.99 ETH
Margin trading position liabilities = 0 ETH
Margin trading unrealized profit and loss = -0.0042
D-value = - 1 ETH + 10.99 ETH - 0 ETH – (-0.0042 ETH) = 9.9942 ETH
USDT：
Isolated position margin (margin trading) = 0 USDT
Margin trading position assets = 0 USDT
Margin trading position liabilities = 14,069.3 USDT
Margin trading unrealized profit and loss = 0 USDT
D-value = -0 USDT + 0 USDT – 14,069.3 USDT – 0 USDT = -14,069.3 USDT
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Audit Details Page - Detailed fields of Trading account
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ETH :
USDT：
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Note: the overall USD value of the user's account and snapshot assets is equal, but due to the existence of assets and liabilities in margin trading positions, the number of the corresponding crypto will be different
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Margin trading position mode : isolated - quick margin
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Account asset equity
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Asset equity snapshot
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Initial assets
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Order placing
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Open isolated margin trading position
In the sample, it transfers 10 ETH to the position.
Cross account balance will be 15 ETH - 10 ETH = 5 ETH, Isolated marigin trading position asset will be 10 ETH.
Buy 10 ETH at 1,409.98 and use ETH as margin. The ETH order is filled with a fee of -0.01 ETH. Now the asset bought is (10 – 0.01 = 9.99) ETH
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Position
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After position has been opened,
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Formula
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"Equity" refers to the "Asset" tab of the trading page.
Account asset equity = cross account balance + isolated position margin (except isolated margin trading) + isolated margin trading position assets - isolated margin trading position liabilities + cross margin trading UPL + futures UPL + perpetual UPL + options value
*Isolated position margin of 'quick margin' mode = Isolated position assets - Isolated position liabilities
*Margin trading UPL will exclude the UPL of 'quick margin' mode
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Asset equity snapshot is calculated by the actual assets and liabilities of margin trading.
Snapshot asset equity = cross account balance + isolated position margin (except isolated margin trading) + margin trading position assets - margin trading position liabilities + futures UPL + perpetual UPL + options value
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Differences in calculation
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Asset equity snapshot – Account asset equity = cross margin trading position assets - cross margin trading position liabilities - cross margin trading UPL
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Results
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ETH:
Account asset equity = 5 ETH + 19.99 ETH = 24.99 ETH
USDT:
Account asset.equity = 9000 USDT - 14,099.8 USDT = -5,099.8 USDT
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ETH：
Snapshot asset equity = 5 ETH + 19.99 ETH = 24.99 ETH
USDT：
Snapshot asset equity = 9000 USDT - 14,099.8 USDT = -5,099.8 USDT
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Crypto Difference
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ETH：Asset equity snapshot – Account asset equity = 24.99 ETH – 24.99 ETH = 0
USDT：Asset equity snapshot – Account asset equity = -5,099.8 USDT - (-5,099.8 USDT) = 0
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USD value Difference
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USD value difference = 0
USD value of all crypto equity in account = USD value of all assets amount in snapshot
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How to cross check with crypto equities
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ETH：
Cross margin trading position assets = 0
Cross margin trading position liabilities = 0
Cross margin trading unrealized profit and loss = 0
D-value = 0 ETH
USDT：
Cross margin trading position assets = 0
Cross margin trading position liabilities = 0
Cross margin trading unrealized profit and loss = 0
D-value = 0 USDT
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Audit Details Page - Detailed fields of Trading account
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ETH :
USDT：
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Note: the overall USD value of the user's account and snapshot assets is equal, but due to the existence of assets and liabilities in margin trading positions, the number of the corresponding crypto will be different
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Grow account equity value
How Grow account Loans work
Initial: Funding account 5,000 USDT
Flexible/Fix Loan: user stakes 5,000 USDT to borrow 0.1 BTC
Comparison between user assets after the loan and snapshot data:
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Account equity
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Snapshot
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Initial assets
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5,000 USDT
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Loan
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User puts down 5,000 USDT as collateral to borrow 0.1 BTC
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Borrowed loan?
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Funding account: 0.1 BTC
Grow account: 3,422.46 USDT
Note: This is a user's collateral equity. Collateral equity = asset - liability; in this example, the user's equity is 5,000 + (-1,577.23) = 3,422.46 USDT
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Funding account: 0.1 BTC
Grow account:
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Total
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0.1 BTC
3,422.46 USDT
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0 BTC
5,000 USDT
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Note: Collateral equity can't be used for other purposes and it won't be shown in this Asset Overview > My portfolio page. Users can switch to Grow account > Loan for more details.
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