Swap

Synthetic USDCopy Anchor Link

Click on Swap to easily convert your BTC balance to a synthetic USD balance and vice-versa. This enables you to better manage your risk.

When you swap your BTC balance for a synthetic USD balance, what happens under the hood is that you short a BTCUSD futures with a leverage equal to 1.

We don't charge funding fees for this service.

L-USDT deposited via the Liquid Network is credited as synthetic USD and can be swapped to BTC.

How It WorksCopy Anchor Link

1. Select source currency (BTC or USD)
2. Enter amount to convert
3. Review exchange rate
4. Confirm swap

Swaps execute instantly. No slippage on quoted amounts.

ExampleCopy Anchor Link

Your BTC balance is 1,000,000 sats and BTCUSD bid-offer is: 19,995 - 20,005 USD.

If you convert your BTC balance to synthetic USD, you will get:

1,000,000 × 19,995 / 100,000,000 = 199.95 USD

If you convert back to BTC at the best ask, 20,005 USD:

199.95 × 100,000,000 / 20,005 = 999,500 sats

Supported PairsCopy Anchor Link

Exchange RateCopy Anchor Link

Swaps execute at the best price of the LN Markets BTC/USD order book, built from major exchanges: the best bid when you convert BTC to USD, the best ask when you convert USD to BTC.

The quoted rate is the order book's best bid or ask, with no added fee.

ExecutionCopy Anchor Link

Use CasesCopy Anchor Link

Lock in ProfitsCopy Anchor Link

Convert trading profits to USD to protect against BTC volatility.

Re-enter PositionsCopy Anchor Link

Convert USD back to BTC when ready to trade again.