What is Multi-Assets Mode?

Phemex contract trading offers two margin modes: Single-Asset Mode and Multi-Assets Mode. Currently, Multi-Assets Mode supports only USDT-margined contracts (support for USDC-margined and inverse contracts may be added in the future — please refer to official announcements for updates).

In Single-Asset Mode, traders can use only USDT as margin to trade USDT contracts. However, under Multi-Assets Mode, traders can use multiple supported cryptocurrencies as collateral for USDT-margined contracts. Margin balances are shared across all USDT cross-margined contracts, allowing profits from one position to offset losses from another.

Important Notes:

• Multi-Assets Mode supports Cross Margin only.

• You must transfer funds to your contract account before they can be used as margin.

• In Multi-Assets Mode, the value of assets such as BTC or ETH used as collateral is discounted. For example, BTC valued at $1,000 may only count as $990 in margin value. For detailed discount rates, please refer to:
  👉 Risk Management Rules for Multi-Assets Mode

How to Use Multi-Assets Mode

Phemex allows users to seamlessly switch between Single-Asset Mode and Multi-Assets Mode.

Switching from Single-Asset Mode to Multi-Assets Mode:

• The system will check if you have active USDT orders or open USDT positions.

• If all conditions are met, the system will automatically switch all USDT contracts (excluding Innovation Zone contracts) to Cross Margin Mode.

Switching from Multi-Assets Mode to Single-Asset Mode:

• The system will check that:

  • You do not have any active USDT orders or positions.

  • There are no outstanding debts in any asset under your contract account.

Only when both conditions are met will the system allow the switch.

How to Switch Modes on Web:

1. Log in to your Phemex account, navigate to any USDT contract trading page (e.g., BTC/USDT), and locate the margin mode switch at the top of the interface.

   

2. Choose either Single-Asset Mode or Multi-Assets Mode, then click to switch.

   

How to Switch Modes on App:

1. Open the Phemex App, tap Contracts → USDT Contracts, then tap the [S] button.

   

2. Choose either Single-Asset Mode or Multi-Assets Mode, and confirm the switch.