What’s an Interest Rate?

An Interest Rate refers to the daily borrowing cost of a token when it’s used for margin trading. It varies depending on which tokens are being used. AscendEX will adjust the daily interest rate for margin trading according to the prevailing market conditions. Before margin trading, please check the Interest Rate page or follow the steps shown below to find the maximum leverage available, daily interest rate, as well as the daily interest rate paid when using a Point Card.

 

How to check?

1)    Open the AscendEX website and click on the profile icon in the upper right corner of the homepage. Select “Fee Rate” in the dropdown menu

2)    On the Fee Rate page, click on “Interest Rate” to check the maximum leverage, daily interest rate, and the daily interest rate paid when using a Point Card.