diff --git a/pkg/exchange/max/exchange.go b/pkg/exchange/max/exchange.go
index a39e9c22a..b6efbdf9c 100644
--- a/pkg/exchange/max/exchange.go
+++ b/pkg/exchange/max/exchange.go
@@ -605,7 +605,7 @@ func (e *Exchange) QueryAccountBalances(ctx context.Context) (types.BalanceMap,
 			Currency:  cur,
 			Available: b.Balance,
 			Locked:    b.Locked,
-			NetAsset:  b.Balance.Add(b.Locked),
+			NetAsset:  b.Balance.Add(b.Locked).Sub(b.Debt),
 			Borrowed:  b.Debt, // TODO: Replace this with borrow in the newer version
 			Interest:  b.Interest,
 		}