Skip to main content
You can withdraw any deposited asset as long as your remaining portfolio satisfies margin requirements after the withdrawal. Withdrawal formulas:
  • USDC: You can withdraw up to the lesser of your withdrawable margin and your USDC balance.
  • Non-USDC: You can withdraw up to the lesser of your withdrawable margin divided by the asset’s post-haircut price, and your token balance. Withdrawable margin accounts for all open positions and the amount required to keep positions above maintenance margin.
Key rules:
  • If your full deposit is required to back open positions, no withdrawal is permitted.
  • Mark price is used to determine withdrawal eligibility in real time.
  • Assets are withdrawn to the same chain used to deposit.
  • You withdraw the assets you deposited. You cannot deposit $100 of SPYon and withdraw $100 of USDC.
If a withdrawal is blocked, the UI explains why and suggests what you can do to unlock it (e.g., close a position or deposit additional USDC).