Here’s a step-by-step guide to repaying a loan and interest in Spot Margin Trading on Bybit.  Please note that the guide below is applicable to Spot Margin Trading under general account. For repayment under Unified Trading Account, please refer to the guide stated here.

 

 

• Method 1: Repay the loan with your available balance of the repayment coin
• Method 2: Repay the loan by automatically converting other margin assets at market price when you have insufficient repayment coin
• View Loan and Repayment History

 

 

 

 

There are two methods to repay the loan:

 

 

Method 1: Repay the loan with your available balance of the repayment coin

Step 1: Please click on Trade → Margin Trading on the navigation bar to enter the Margin Trading page.
 

Step 2: Head to the Assets zone on the Margin Trading page, and click on Repay.
 

Alternatively, select Outstanding → By order and click on Repay on the top right-side corner of the Borrowing & Repayment zone.





You can also make repayments easily via your Spot Account. Please Click on Assets → Spot, and then select the coin and click on Repayment.
 

 

Step 3: A Repayment window will appear. From here, you can view details of your borrowing:

• Outstanding Principal refers to the amount of funds borrowed for your position.
• Outstanding Interest refers to the interest generated on borrowed funds. 
• Total Liability refers to the amount of funds you owe and are required to pay back.

 

Next, there are two (2) steps that require your action:

a. Select repayment coin, and

b. Enter your repayment amount

Step 4: Click on Confirm, and the repayment coin will be automatically deducted from your Spot Account.
 

 

Notes:

— Your earliest order will be repaid first.

— Your outstanding interest will be prioritized for repayment before your outstanding principal.

 

Method 2: Repay the loan by automatically converting other margin assets at market price when you have insufficient repayment coin

Example

Trader A has a liability of 1,000 USDT. They have 0 USDT and 1 ETH of the available balance in their Spot Account, and an ETH/USDT limit order pending execution. Assuming that the current price of ETH is 1,250 USDT, when they click on repay, the system will sell 0.8 ETH (1,000/1,250) at the current market price into USDT to repay the USDT loan. The ETH/USDT order will be canceled, and the remaining 0.2 ETH will be returned to their Spot Account. 

 

Step 1: Please click on Trade → Margin Trading on the navigation bar to enter the Margin Trading page.
 

Step 2: Head to the Borrowing & Repayment zone → By Coin, and click on Repay in the column of the coin you want to repay.
 

Step 3: You’ll see a pop-up window. When your repayment liability exceeds the available balance of the coin, the system will cancel all existing Spot orders and convert your margin assets at the current market price to repay the loan. A 0.1% conversion fee will be charged when your margin assets are converted into repayment coins. 
 

 

Notes:

— If you hold several types of margin assets in your Spot Account, your assets will be converted based on the sequence stated in Margin Data. For example, USDT will be converted before BTC and so on.

— Your outstanding interest will be prioritized for repayment before your outstanding principal.

 

View Loan and Repayment History

To view your borrowing and repayment history, click on Orders → Spot Order. Here, you can view all of your borrowing and repayment records under Repayment History.
 

 

For repayment using method 1, you’ll see the repayment type as Manual (Repayment), while for method 2, you’ll see the repayment type as Liquidation (Repayment).

If you repay the loan by automatically converting other margin assets at market price when you have insufficient repayment coin, you can view the conversion history under Borrowing & Repayment → Liquidations. The type is Manual Repayment.