You can replace the margin funding used to cover your margin trading position. From the Funding page, navigate to the “Taken: Used” (or Unused) section and you will see your currently reserved margin funding. You can manually close the offers that are at an undesirable rate and choose a more attractive rate if available.
On the Funding page, there are checkboxes to the right of each loan that you have taken. These checkboxes allow you to close specific loans that you may not want to keep based on prevailing interest rates in the funding order book.
The asterisk to the right of this checkbox allows you to keep the loan at that rate even after the position is closed, allowing you to continue utilizing that loan as long as the lending period set by the funding provider permits more time.
What happens after I close funding with an open margin position?
This will not affect your open margin trading positions.
There are two options for opening new funding to cover your margin trading position. You can either 1) let the system automatically match you with the current prevailing rate available to meet your need, or 2) first manually reserve new margin funding at your desired rate, then manually close the old funding as noted above.
In the first example, the platform will always use any available manually reserved margin funding first; and if needed, will fill the remainder automatically with the current prevailing rate available.
In the second example, the newly reserved margin funding will be used to maintain your margin trading position upon closing the old funding.
Traders commonly browse the funding page while they have open positions to review the current offer rates and decide whether or not to close one or multiple taken offers. Once you close a loan from this page, the system will automatically reserve the necessary funding at the prevailing rate.