Bitget announcement on the launch of discount rates for cross spot margin

Bitget will apply the following discount rates to coins used for cross spot margin on November 16 (UTC+8).

Coin discount rate explanation:

Under cross spot margin mode, all coins that support cross margin are used as collateral for borrowing, bearing joint risk to increase capital utilization. Due to the varied liquidity of different coins and in order to reduce market risk, Bitget has set discount rates based on the coins and their values in USDT.

The current discount rates for coins available in cross margin mode are as follows

Coin	Tier（USD)	Discount rate
BTC/ETH/USDT/USDC	0-5,000,000	1
	5,000,000-10,000,000	0.98
	10,000,000-20,000,000	0.975
	20,000,000-50,000,000	0.97
	50,000,000-100,000,000	0.965
	>100,000,000	0
LTC/BCH/EOS/ETC	0-2,000,000	0.97
	2,000,000-4,000,000	0.965
	4,000,000-8,000,000	0.96
	>8,000,000	0
XRP/SOL/SUSHI/ARB/TRX/ADA/MATIC/LINK/AAVE/ SHIB/DOGE/FIL/AVAX/ATOM/BNB/BSV	0-1,000,000	0.96
	1,000,000-2,000,000	0.955
	2,000,000-5,000,000	0.95
	>5,000,000	0
DOT/FTM/MANA/GALA/UNI/NEAR/TIA	0-1,000,000	0.95
	1,000,000-2,000,000	0.945
	2,000,000-4,000,000	0.9
	>4,000,000	0
AXS/COMP/ICP/EGLD/OP/OMG/INJ/LDO/MASK /WAVES/MINA/RNDR/MAGIC/MAV/GRT/RUNE/ID/1INCH	0-500,000	0.9
	500,000-1,000,000	0.85
	1,000,000-2,000,000	0.8
	>2,000,000	0
ACH/AGIX/AGLD/AI/AIDOGE/AKRO/ALPINE/ANKR/APE/APT /ARBINU/ARKM/ARPA/AUCTION/BABYDOGE/BAKE/BAND/ BBO/BGB/BIGTIME/BLUR/BLZ/BNX/BOND/BONE/C98/CAKE /CFX/COCOS/CORE/CTSI/DPX/DUSK/EDU/FET/FLM/FLOKI/ FRONT/FTT/GAL/GAS/GLMR/GMT/GMX/GNS/GPT/GRV/GTC /HALO/HIGH/HNT/HOOK/IMGNAI/IMX/JOE/KAS/KLAY/LADYS/ LEVER/LINA/LIT/LOOKS/LOOM/LPT/LQTY/LVL/MDAO/MDT /MKR/MONG/NMR/NOM/OAX/OG/OGN/ORBS/ORDI/OSMO/ OVR/OXT/PENDLE/PEOPLE/PEPE/PERP/POGAI/PYR/RDNT/REN /RLC/RLY/ROSE/RPL/SAND/SEI/SLP/SNT/SNX/SSV/STARL/STG/ STMX/STORJ/STRAX/STX/SUI/SXP/TRB/TRU/TURBO/UNFI /VELA/VELO/VIB/WLD/WOJAK/WOO/XAUT/ XEN/YGG/ZIL/ZYB/REN/NEO/WAXP/MTL/ FLOW/ MBL/ TWT/ BADGER/CHZ / DENT / JASMY / KEY / LRC / LUNC / SYN	0-100,000	0.8
	>100,000	0

How do I calculate the margin value with the current discount rates?

The margin value is calculated based on the coin and its market price (USD) on a tiered basis.

Assuming a user has 12,000,000 USDT as margin in their cross margin account and the USDT/USD base conversion rate is 1, as 12,000,000 USDT falls in the range of 10,000,000–20,000,000 USD, the USDT margin value will be 5,000,000 x 1 + 5,000,000 x 0.98 + 2,000,000 x 0.975 = 11,850,000 USD.

How do I view the current discount rate?

https://www.bitget.com/en-GB/margininfo

Note: The tiered discount rates are subject to market change. Make sure to consult the latest discount rate before trading.

Note: Margin trading provides more capital for spot trading, but also increases trading risks. A risk ratio greater than or equal to 100% will trigger partial or full liquidation in all Bitget spot margin trading products. Therefore, we strongly recommend that you closely monitor the risk ratio of your positions and replenish your principal or set stop-loss orders.