What’s an Interest Rate?

An interest rate refers to the daily borrowing cost of a token when it’s used for margin trading. The rate varies depending on which tokens are being used for borrowing. AscendEX adjusts 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, daily interest rate, as well as the daily interest rate paid when using a Point Card.

 

How to Check?

1)    Open the AscendEX App and click on the profile icon in the upper left corner of the homepage.

2)    Press the “My Account” button and click on “Fee Rates”

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