What is a Unified Trading Account (UTA)?
Bybit's Unified Trading Account (UTA) consolidates spot, contract, and options trading into a single account, streamlining your trading experience. This account-level margin system supports over 70 cryptocurrencies as collateral, allowing unrealized profits to serve as margin across different product types. UTA offers three margin modes—Isolated, Cross, and Portfolio Margin—each catering to varying risk appetites and trading strategies for optimized risk management and flexibility.
Supported Margin Modes in UTA
In Cross Margin and Portfolio Margin modes, UTA leverages the full value of your account assets (including unrealized profits) to maintain and initiate derivative positions. This approach enhances capital efficiency by:
- Offsetting profits/losses across different derivatives.
- Calculating margin at the account level, not per position.
For traders who prefer standard account setups, Isolated Margin mode is available. This mode:
- Segregates margin for individual positions.
- Limits potential losses to the allocated amount per position.
| Margin Mode | Benefits | Asset Model | Supported Products |
|---|---|---|---|
| Isolated Margin | Individual margin per position. Orders in one position don’t affect others. | Single-asset: USDT for USDT contracts, USDC for USDC contracts. | Spot, USDT/USDC contracts, Inverse contracts. |
| Cross Margin | Offsets P&L across products; profits can open new positions. | Multi-asset: All assets collateralized in USD for spot/derivatives. | Spot, Spot Margin, USDT/USDC contracts, USDC options, Inverse contracts. |
| Portfolio Margin | Margin based on net portfolio exposure (beyond Cross Margin benefits). | Multi-asset with netting. | All Cross Margin products plus advanced risk offsets. |
Notes:
- After upgrading to UTA, you cannot revert to standard accounts.
- Learn more about margin mode differences here.
Auto-Borrowing & Auto-Repayment
UTA automates liquidity management:
- Auto-Borrowing: Triggers if net equity dips below 0 due to losses.
- Auto-Repayment: Unrealized profits or deposits reduce borrowed amounts.
Read the full policy here.
Collateral Value Ratio
In Cross/Portfolio Margin modes, margin calculations factor in asset-specific Collateral Value Ratios (reflecting liquidity conditions). Your total USD margin balance is derived as:
Total Asset Value (USD) = Σ (Asset × USD Index Price × Collateral Value Ratio)Example Calculation:
A UTA holding 1,000 USDT, 1,000 USDC, and 0.1 BTC:
| Asset | USD Index Price | Collateral Ratio | USD Value |
|---|---|---|---|
| USDT | 0.9952 | 100% | 995.20 |
| USDC | 1.0000 | 100% | 1,000.00 |
| BTC | 16,639.81 | 95% | ≈1,580.78 |
| Total Margin Balance: ≈3,575.98 USD |
Key Notes:
- Negative balances use a 100% ratio.
- Ratios are adjustable per asset. Customize collateral settings here.
Risk Management
- Cross/Portfolio Margin: Positions are liquidated if maintenance margin ≥100%.
- Isolated Margin: Individual positions liquidate when mark price hits LP price.
👉 Explore liquidation policies.
API Upgrades (V5)
UTA’s API V5 streamlines trading with unified endpoints:
| Endpoint | V3 (Standard) | V5 (UTA) |
|---|---|---|
| Create Order | /unified/v3/private/order/create | /v5/order/create |
| Modify Order | /contract/v3/private/order/replace | /v5/order/modify |
| Cancel Order | /unified/v3/private/order/cancel | /v5/order/cancel |
| View Positions | /contract/v3/private/position/list | /v5/position/list |
| Wallet Balance | /unified/v3/private/account/wallet/balance | /v5/account/wallet-balance |
FAQ
Q: Can I downgrade from UTA to a standard account?
A: No. Upgrading is irreversible.
Q: How does Portfolio Margin reduce requirements?
A: By netting opposing positions (e.g., long BTC/short ETH).
Q: Are there fees for auto-borrowing?
A: Yes. Interest accrues on borrowed amounts until repayment.
Why Upgrade to UTA?
- Capital Efficiency: Use profits as margin across products.
- Simplified Management: One account for all trades.
- Advanced Risk Tools: Portfolio Margin optimizes exposure.
👉 Start trading smarter with Bybit UTA.
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