This article explains the supported asset types in your TradFi Account, how assets are consumed within the account, and how transferable balances are determined when you hold open positions, profits, or losses.
Supported Assets
Your TradFi Account supports the following asset types:
- USDT — The primary stablecoin used for margin requirements, loss coverage, and profit settlement within your TradFi Account.
- BYUSDT — Bybit's yield-bearing stablecoin, pegged 1:1 to USDT. It can be used as supplemental margin collateral while continuing to generate yield.
For balance and transfer calculations, both USDT and BYUSDT are converted and displayed as part of your total account value (USDx Balance) at a 1:1 ratio.
Asset Consumption Order
Assets in your TradFi account are utilized based on the following priority order:
- Fees and realized losses - Trading fees, commissions, swap/funding fees, and realized losses are covered first.
- Unrealized losses (UPL) - The system then reserves assets to cover unrealized losses from open positions.
- Margin requirements - Remaining assets are used to satisfy margin requirements for open positions.
For asset utilization priority:
- USDT is always utilized first.
- BYUSDT is only utilized when the available USDT balance becomes insufficient.
Please note:
- Trading profits, including both unrealized and realized profits, are always settled in USDT.
- If both USDT and BYUSDT balances are insufficient to fully cover losses and margin requirements, the account will enter a negative USDx balance state, resulting in liquidation.
Credit Usage and Deduction
Users may receive Credit through eligible promotions or campaigns. The amount of Credit awarded, eligibility criteria, and applicable terms may vary by promotion. Please refer to the relevant campaign terms and conditions for details.
Please note:
- Credit cannot be transferred or withdrawn.
- Withdrawals of either USDT or BYUSDT may result in a proportional reduction of the Credit balance.
- When trading losses occur, losses are first deducted from the user's own assets (including available USDT and/or BYUSDT). Credit is only utilized after the user's available assets have been exhausted.
For more information, please refer to FAQ – TradFi Credits.
Transferable Amount Calculation
Your transferable amount is determined by your account equity, credit balance, margin requirements, and the applicable margin ratio.
Formula
Transferable Amount = Max [ Min (Equity - Credit - (Margin Ratio x Margin Required), Balance), 0]
Where:
Equity = Balance + UPL+Accumulated Swap fee
Margin Ratio (Weekday) = 1
Margin Ratio (Weekend) = 2
Example
The user's account has 50 USDT + 50 BYUSDT, since both assets are included in the USDx Balance at a 1:1 ratio, the total balance is 100 USDx.
Assume the account has open a position and margin required is 70 USDx
Transferable amount on Weekday
= Max [ Min ( 100 - 0 - (1 x 70) , 100), 0]
= Max [ Min (30 , 100) , 0]
= Max [30 , 0]
= 30 USDx
The account has a transferable amount of 30 USDx on weekdays.
Since USDT is fully utilized to meet the margin requirement, the transferable amount is taken from the available BYUSDT balance.
Transferable Assets
BYUSDT: 30
USDT: 0
Transferable amount on Weekend
= Max [ Min ( 100 - 0 - (2 x 70) , 100), 0]
= Max [ Min (-40 , 100) , 0]
= Max [-40 , 0]
= 0 USDx
Unlike weekdays, weekends use a margin ratio of 2 when calculating transferable balances. In this example, the additional margin requirement reduces the transferable amount to 0 USDx.
Transferable Assets
BYUSDT: 0
USDT: 0
Important Note:
Although the transfer is allowed for weekdays, removing transferable assets reduces the account's equity and lowers the margin level. A lower margin level increases the risk of liquidation if the position incurs additional losses.
For more information, please refer to Liquidation Process on TradFi (Margin Close Out).
Common Asset Balance and Transfer Scenarios
The examples below demonstrate how supported assets are consumed, how P&L and fees affect balances, and how transferable amounts are calculated in different situations.
Scenario 1: No Open Positions
A user holds 50 USDT and 50 BYUSDT in their TradFi Account and does not have any open positions.
Since there are no margin requirements or unrealized losses, all assets remain available for transfer.
Transferable Assets Weekday:
USDT: 50
BYUSDT: 50
Transferable Assets Weekend:
USDT: 50
BYUSDT: 50
Result: The user can transfer both their USDT and BYUSDT balances in full.
Scenario 2: Open Position With Margin Requirement
A user holds 50 USDT and 50 BYUSDT in their TradFi Account and opens a position that requires 70 USDx in margin.
Since USDT is utilized before BYUSDT, the margin requirement is first covered using the available USDT balance. The remaining margin requirement is then covered by BYUSDT.
Transferable Assets Weekday:
USDT: 0
BYUSDT: 30
Transferable Assets Weekend:
USDT: 0
BYUSDT: 0
Result: On weekdays, the user can transfer 30 BYUSDT. On weekends, no assets are available for transfer because the higher margin ratio requires additional assets to remain reserved for the open position.
Scenario 3: Open Position With Unrealized Losses
A user holds 50 USDT and 50 BYUSDT in their TradFi Account and has an open position with:
Margin Required: 70 USDx
Unrealized Loss (UPL): -10 USDx
Unrealized losses are reserved before margin requirements are calculated. Since USDT is utilized before BYUSDT, 10 USDT is first reserved to cover the unrealized loss. After this, 40 USDT remains available. Since the margin requirement is 70 USDx, the remaining 40 USDT is reserved for margin first, and the remaining 30 USDx margin requirement is then covered by BYUSDT.
Transferable Assets Weekday:
USDT: 0
BYUSDT: 20
Transferable Assets Weekend:
USDT: 0
BYUSDT: 0
Result: Compared with Scenario 2, the unrealized loss reduces the transferable amount from 30 USDx to 20 USDx on weekdays. On weekends, no assets are available for transfer due to the higher margin requirement.
Scenario 4: Open Position With Unrealized Losses and Swap Fees
A user holds 50 USDT and 50 BYUSDT in their TradFi Account and has an open position with:
Margin Required: 70 USDx
Swap Fee: -10 USDx （To Pay)
Unrealized Loss (UPL): -10 USDx
Swap fees are prioritized before unrealized losses and margin requirements when calculating the transferable amount. Similar to unrealized losses, swap fees occupy part of the account equity and reduce the assets available for transfer.
In this example, 10 USDT is first reserved to cover the swap fee, followed by 10 USDT reserved for the unrealized loss. Since USDT is utilized before BYUSDT, the remaining USDT balance is then reserved for margin requirements. If additional margin is required, the system will continue to reserve the available BYUSDT balance.
Transferable Assets Weekday:
USDT: 0
BYUSDT: 10
Transferable Assets Weekend:
USDT: 0
BYUSDT: 0
Result: Compared with Scenario 3, the 10 USDx swap fee further occupies equity, reducing the amount available for transfer. As a result, the weekday transferable amount decreases from 20 USDx to 10 USDx. On weekends, no assets are available for transfer due to the higher margin requirement.
Scenario 5: Open Position With Unrealized Losses Increased
A user holds 50 USDT and 50 BYUSDT in their TradFi Account and has an open position with:
Margin Required: 70 USDx
Swap Fee: -10 USDx
Unrealized Loss (UPL): -30 USDx
In this example, 10 USDT is first reserved to cover the swap fee, followed by 30 USDT reserved for the unrealized loss. Since USDT is utilized before BYUSDT, the available USDT balance is reserved first. The system then continues to reserve the available BYUSDT balance to satisfy the remaining margin requirement.
Transferable Assets Weekday:
USDT: 0
BYUSDT: 0
Transferable Assets Weekend:
USDT: 0
BYUSDT: 0
Result: No assets are available for transfer. The swap fee, unrealized loss, and margin requirement have collectively occupied all assets available for transfer.
Impact on Margin Level
Equity: 60 USDx (50 USDT + 50 BYUSDT - 10 Swap - 30 UPL)
Margin Required: 70 USDx
Margin Level: Equity ÷ Margin Required = 60 ÷ 70 = 85.71%
Since the Margin Level is below 100%, the account has no transferable balance available. Additional losses may increase the risk of liquidation.
Scenario 6: Account With Credit Balance
A user deposits 100 USDT into their TradFi Account and receives 100 USDx in credit. The account has:
USDT Balance: 100
Credit: 100 USDx
Equity: 100 + 100 = 200 USDx
No open positions
Although credit increases the account's equity, credit cannot be transferred or withdrawn. Only the user's own assets are considered when determining the transferable amount.
Transferable Assets Weekday:
USDT: 100
Transferable Assets Weekend:
USDT: 100
Important: Any withdrawal or transfer may result in a proportional reduction of the user's credit balance. While the credit itself cannot be withdrawn, the system may deduct part of the credit when funds are transferred out of the TradFi Account.
For more information, please refer to FAQ – TradFi Credits.
Scenario 7: Credit Balance With an Open Position
A user deposits 100 USDT into their TradFi Account and receives 100 USDx in credit. The account has an open position with:
USDT Balance: 100
Credit: 100 USDx
Margin Required: 50 USDx
No unrealized profit or losses
Although credit contributes to the account's equity, it cannot be transferred or withdrawn. The margin requirement is reserved from the user's available assets when calculating the transferable amount.
Transferable Assets Weekday:
USDT: 50
Transferable Assets Weekend:
USDT: 0
The user decided to transfer out 50 USDT, the credit balance is reduced proportionally.
Credit Deduction
= Min (Withdrawal Amount ÷ Current Balance, 100%) × Credit Amount
= Min (50 ÷ 100, 100%) × 100
= 50 USDx
For the purpose of credit deduction calculations, Current Balance refers to the account balance excluding any Credit.
Before Transfer out:
USDT Balance: 100
Credit: 100 USDx
Equity: 200 USDx
Margin Required: 50 USDx
Margin Level: 400%
After Transfer out:
USDT Balance: 50
Credit: 50 USDx
Equity: 100 USDx
Margin Required: 50 USDx
Margin Level: 200%
As a result, both the credit balance and margin level decrease after the transfer. While the transfer is permitted, removing funds from the account reduces the equity available to support open positions.
Scenario 8: Closing a Position and Withdrawing Trading Profits
Following Scenario 7, the user closes their position and realizes a profit of 30 USDT. Since trading profits are always settled in USDT, the account balance becomes:
USDT Balance: 50 + 30 = 80
Credit: 50 USDx
No open positions
The user then transfers out 30 USDT. Credit is reduced proportionally based on the withdrawal amount:
Credit Deduction
= Min (Withdrawal Amount ÷ Current Balance, 100%) × Credit Amount
= Min (30 ÷ 80, 100%) × 50
= 18.75 USDx
The Current Balance used for the credit deduction calculation refers to the account balance excluding credit.
After Transfer
USDT Balance: 80 - 30 = 50
Credit: 50 - 18.75 = 31.25 USDx
Result: Although the transferred amount comes from trading profits, the credit balance is still reduced proportionally (within a few mins) when funds are transferred out of the account. Trading profits are settled in USDT and can be withdrawn, but any withdrawal may result in a corresponding reduction of credit.
Scenario 9: Trading Loss Exceeds Available Own Asset Balance
Following Scenario 8, the account has:
USDT Balance: 50
Credit: 31.25 USDx
The user opens a new position and closes it with a realized loss of 55 USDx.
When a trading loss occurs, the loss is first deducted from the user's own assets. If the loss exceeds the available asset balance, the remaining loss is covered using the available credit balance.
Balance Changes After the Loss
USDT Balance: 50 - 50 = 0
Remaining Loss: 55 - 50 = 5 USDx
Credit: 31.25 - 5 = 26.25 USDx
Transferable Assets
USDT: 0
Result: Although the account still shows a remaining equity of 26.25 USDx, this amount consists entirely of credit. Since credit cannot be transferred or withdrawn, the user has no transferable balance available.
Important Note
When a trading loss exceeds the user's available asset balance, the credit balance is not applied immediately. Credit settlement is processed once every hour at the 30-minute mark (e.g., 01:30, 02:30, 03:30).