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Convert BTC to Synthetic USD

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 apply carry fees for this service.

Examples:

  • 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 synthetic balance.
  • your USD balance is 100 synthetic USD and BTCUSD bid-offer is: 19,995 - 20,005 USD. If you convert your synthetic USD balance to BTC, you will get: (100 / 20,005) * 100,000,000 = 499,875 sats of BTC balance.
Last Updated: 6/6/2023, 3:16:39 PM