Daily Interest Rate for Margin Trading

Margin account interest rates on our platform are calculated on an hourly basis, even if funds are borrowed for less than one hour. For instance, if the daily interest rate is 0.02%, the hourly interest rate would be calculated as 0.02%/24. The formula used for the calculation is I (interest) = P (borrowed amount) * R (daily interest rate divided by 24) * T (time in hours).

As an example, suppose User A borrows 1,000 USDT at 1:20 PM and repays at 2:15 PM. In that case, the interest rate is calculated as 1,000 * (0.02%/24) * 2 = 0.01666667 USDT. Please note that margin account interest rates may be subject to adjustments periodically.