The sub-account feature on Interdax allows individuals/organisations to set up multiple trading accounts. Sub-accounts provide a way to specify the leverage used, isolate the risk of a position, hedge an open position and execute sophisticated trading strategies
Each user can generate up to 10 sub-accounts that are completely isolated from each other.
For instance, if you have a main account and a sub-account, you can transfer 1 BTC to the sub-account and any liquidations or closed positions in the main account do not affect the balances or used margin of the sub-account.
Create a Sub-account
To create a sub-account, go to the account panel and click on 'New' to create a new sub-account. Give the sub-account a name and click 'Create' (or press Enter).
A notification will appear and the newly created sub-account will be available in the account menu:
You can also click on "Manage" in the account panel to rename sub-accounts or delete them:
If a sub-account is not specified, a default one will be used across the web application and API.
Switch Between Sub-accounts
You can switch between sub-accounts by clicking on the account panel at the top right hand side.
Once you click on the account panel, the list of sub-accounts will appear:
Click on the sub-account you want to use to see the balance, open positions/orders, etc. The balance for the selected asset is shown for each sub-account. The balances of all assets is displayed on the right-hand side of the account menu when hovering over each sub-account.
Transfer Funds Between Sub-accounts
To transfer funds to a sub-account, click on the button with two arrows. To deposit funds to a sub-account, click on the button with the upward facing arrow:
If you click on the deposit button, the deposit page will be displayed. Depositing funds to a sub-account is not possible, there’s only one deposit address and that’s for your main account. Users will need to deposit BTC to their main account and then transfer it to their sub-account.
Using the transfer button, you can move funds between the main accounts and sub-accounts. Enter the amount you want to transfer, the sending and receiving accounts as well as the currency you want to transfer:
Isolate Risk/Specify Leverage with a Sub-account
Suppose you have a balance of 10 BTC in your main account but wanted to take a margin trade of 20 bitcoin using a specified level of leverage, for example 20x leverage. You can transfer 1 bitcoin to a sub-account and enter a position with a size of roughly 20 bitcoin, which will equate to approximately 20x leverage.
The sub-account's PnL will be isolated from your main balance of 9 BTC. The profits from an open position in the sub-account can be used to open new positions, make transfers or be withdrawn. If the sub-account's position is liqudiated, the most you can lose is the sub-account's balance of 1 BTC. The main account's balance of 9 BTC will remain intact.
You can also use several sub-accounts to trade different stablecoin perpetuals. For instance, if you want to trade LINK-PERP-USDT and UNI-PERP-USDT but want to isolate the risk of positions from each other, you can make one sub-account to trade LINK-PERP-USDT and another to trade UNI-PERP-USDT. Liquidiations in one sub-account will not affect the balances or PnL of the other sub-account.
Hedging with Sub-accounts
Suppose you have just opened a long position of 1,000,000 BTC-PERP contracts with your main account and you want to hedge against a downside move. You can enter a short position with a sub-account to hedge the long position.
For instance, by opening a short position of 300,000 BTC-PERP contracts with the sub-account, you can limit your losses if there is a move to the downside in the price of bitcoin. Suppose the price of bitcoin falls, then the profits from the short position opened with the sub-account will partially offset the losses of the long position with the main account.
Similarly, you can open positions in opposing directions at the same time with different sub-accounts if there is a potential breakout. Once the price action is clearly trending, you can close the losing position in one sub-account and keep the profitable position in the other sub-account if there is a continuation in the direction of the breakout.