
Margin, Leverage & Positions
What can I use as collateral for perps?
USDG is the primary collateral asset - every position is margined and settled in USDG, and deposited USDG is always used first.
Multi-Asset Collateral is rolling out, beginning with early access for the platform’s most active traders. For accounts with access, eligible deposited assets - Wrapped ETH and nine Stock Tokens: SPY, QQQ, AAPL, MSFT, GOOGL, AMZN, NVDA, META, TSLA - can back perpetuals positions. When margin needs exceed deposited USDG, the shortfall is covered by an automatic USDG loan secured by those assets, which unwinds as needs fall. Access extends to all traders over the coming weeks.
The current eligible list, LTVs, and deposit caps are always shown in the app under Margin.

See Multi-Asset Collateral: Early Access Is Rolling Out on Arcus for how it works.

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