Margin Spot and Overdrafts
A secured overdraft lets you trade beyond your available balance. The exchange provides borrowed funds against collateral starting at 5% of the position value, paid in RUB or USDT.
Secured overdrafts are available for spot trading only. Collateral is provided in RUB or USDT; overdrafts are not available for futures.
What is a secured overdraft
An overdraft increases an order's size using funds borrowed from the exchange. You provide collateral starting at 5% of the transaction amount, and the exchange provides the remainder. The borrowed amount and accrued interest must then be repaid.
Typical use scenarios: fixing a favorable USDT/RUB exchange rate while the main capital is occupied, hedging currency risk, gold arbitrage during a temporary liquidity gap.
Conditions and limits
| Parameter | Meaning |
|---|---|
| Minimum collateral | 5% of the position amount (in RUB or USDT) |
| Maximum leverage | x20 |
| Standard Credit Line Limit | 5,000,000 RUB / 50,000 USDT |
| Interest-free period | 36 hours after taking overdraft |
Rates and interest
- Financing interest - 0.1% per day (36% per annum) - the same for RUB and USDT.
- Interest-free period — 36 hours after the overdraft is opened. It ends at the next 14:00 (UTC+3) after those 36 hours have elapsed.
- Accrual - Daily at 14:00 (UTC+3) for all overdrafts for which the interest-free period has expired.
Interest accrues daily at 14:00 Moscow time on overdrafts whose interest-free period has expired. Repayments cover accrued interest first and then principal, starting with the oldest debt.
How to open a position with overdraft
- Section “Spot” – USDT/RUB pair
- Overdraft toggle — Enable it in the order panel
- Confirm order – Agree to the terms
- Repay the debt - Assets → Overdraft → Repay
If an order with an overdraft is not executed, the overdraft is considered taken. You can place the order again with new parameters or immediately repay the debt through the “Assets → Overdraft” section.
Risk management and liquidation
The exchange controls two indicators: Initial Margin (IMR) and Maintenance Margin (MMR). When the MMR reaches 100%, the position is forced to be liquidated.
As liquidation approaches, you receive a Margin Call by email and, if linked, Telegram. You can add collateral to reduce effective leverage and move the liquidation threshold farther away.
The exchange's insurance fund ensures that even if liquidation occurs at an unfavorable price, you will not owe more than the collateral provided.