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: Click on Trade at the bottom right of the Bybit App, then select Margin Trading to switch to the Spot Margin Trading page.
 

Step 2: Click on Repay in the three-dot menu in the upper right corner of the Margin Trading page.
 

Alternatively, please head to the Assets page in the bottom right corner, and go to Spot Account. Then, click on Repayment.
 

 

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

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

 

 

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

a. Select repayment coin, and

b. Enter your repayment amount

Tip: When the available balance in your Spot Account is less than the required repayment amount, you can click the Transfer In button to transfer the required amount to your Spot Account.

Step 4: Click on Repay, and funds will automatically be 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 tap 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: Click on Trade at the bottom right of the Bybit App, then select Margin Trading to switch to the Spot Margin Trading page.
 

Step 2: Please select Outstanding and click on Repay in the column for the coin to be repaid. It should be noted that the total liabilities shown for each coin are the total repayment amount of all orders borrowed for that coin.
 

 

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 liquidation order stated in the Margin Data page under the three-dot menu. 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

There are two ways to view your borrowing and repayment history:

a) Click on Outstanding → History on the Margin Trading page. Here, you can view all your borrowing and repayment records under Repayment History.
 

b) On the Repay page, click on the Record icon in the upper right corner to view the repayment details.
 

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