What happens if I have a negative USDt balance

All contracts are settled in the settlement coin (USDt). All fees, including withdrawal fees, are charged in USDt as well. It is therefore important that you maintain sufficient USDt in your account.

If your balance goes negative and reaches -1,000 USDt or less, Thalex will impose a penalty of 10 basis points (bps) on the negative USDt amount during daily settlement until the balance is no less than -1,000 USDt. Please note that, if you have a negative USDt balance, you will not be able to fully withdraw other collateral (BTC, ETH and/or USDC ) as Thalex does not allow withdrawals that would lead to negative account balances in USD terms.