One-Click Borrow/Repay Function is now available on Binance.
The system will calculate the maximum balance according to the equity in your margin account. (Maximum balance= Equity+Maximum Borrow Amount). If the order amount is more than your equity, the system will borrow assets automatically.
For example: If you have transferred 1 BTC to your margin account, and you clicked "Borrow" to sell the BTC, you will be able to sell 3 BTC in total (Calculated according to the max leverage in the account). You can choose to place a limit order or market order. During this process, you do not need to go to your margin account and borrow the amount manually, our system will borrow automatically if you use this function.
If you use this function to place the order, after the order is completely filled, the system will automatically use the funds you get after the order is filled to repay the debt. (Interest will be repaid first before the borrowed amount )
For example: If you have Borrowed 2 BTC, and you sold them to USDT, when you want to buy back the BTC for repayment using this function, the system will automatically repay the BTC you borrowed after the buy order is filled. You can choose to place a limit order or market order, the automatic repayment will only be done after the order is completely filled.