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AllXBTUSD37930.0-5.81%XBTEUR32182.5-5.72%XBTU2138184.5-5.77%XBTZ2139055.5-6.22%XBTEURU2132285.0-6.54%AAVEUSDT292.61-12.89%ADAUSDT1.24974-8.52%ADAU210.00003201-2.41%DEFIMEXUSD98.83-8.74%ALTMEXUSD96.46-8.76%BCHUSD493.85-4.37%BCHU210.012905+1.08%BNBUSDT307.73-4.97%DOGEUSDT0.20247-10.83%DOTUSDT13.8225-9.39%EOSUSDT3.6975-6.86%EOSU210.00009475-1.17%ETHUSD2236.00-7.60%ETHUSDU212497.35-8.36%ETHU210.05881-2.16%FILUSDT48.02-7.35%LINKUSDT18.7905-5.18%LTCUSD133.01-4.82%LTCU210.003460+1.05%MATICUSDT1.0095-10.54%SOLUSDT27.259-11.70%SUSHIUSDT7.815-15.35%UNIUSDT18.230-9.39%TRXUSDT0.05891-6.96%TRXU210.0000014999-1.34%XRPUSD0.6323-6.12%XRPU210.00001634-0.12%VETUSDT0.08048-10.26%XLMUSDT0.26083-6.24%.BXBT37907.49-5.90%.BETH2232.41-7.74%.BVOL24H5.73-27.74%Funding: 00:30:49 @ -0.0406%Time: 7:29:10 PM UTC
AAVEUSDT: Contract Specification
AAVEUSDT
AAVEUSDT is in the AAVE (Aave) series.
The quote currency is USDT (Tether).

Description

AAVEUSDT is a AAVE/USDT perpetual contract priced on the .BAAVET Index. Each contract is worth 0.001 mXBT per 1 USDT price, currently 0.00028979 XBT.

Funding is paid and received every 8 hours. The next payout event is at 8:00 PM UTC.

AAVEUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .AAVEBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .AAVEUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0143%, and shorts will receive 0.0143% at 8:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 33.33x
Maximum Maintenance Leverage: 66.67x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

More information about the funding rate is available in the Perpetuals Guide.

Interest BaseInterest QuotePremium
Symbols.AAVEBON8H.USDTBON8H.AAVEUSDTPI8H
Rates0.03%0.06%0.0643%

I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day
P = Premium Rate, F = Funding Rate
The Funding Rate is the rate exchanged between users.
The Premium Rate is used to calculate it, adjusted by the Interest Rate by up to 0.05%.

Formula

I = (Q - B) / T
F = P + Clamp(I - P, -0.05%, 0.05%)

Result

I = 0.0100%
I = (0.06% - 0.03%) / 3
F = 0.0143%
F = 0.0643% + Clamp(0.0100% - 0.0643%, -0.05%, 0.05%)

Full Contract Details

Ticker RootAAVEUSDT
Expiry DatePerpetual, subject to Early Settlement
Initial Margin3.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.AAVEBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.AAVEUSDTPI8H
Funding Rate0.0143%
Funding Intervalevery 8 hours
Next FundingJul 27, 2021, 8:00:00 PM
Predicted Rate0.1524%
Mark Price289.790
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate15%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit50 XBT
Risk Step50 XBT
Open Interest64,851
24H Turnover11.7862 XBT
Total Volume691,430
TypeSettled in XBT, quoted in USDT
Contract Size0.001 mXBT per 1 USDT (Currently 0.00028979 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.01 USDT
Max Price1,000,000
Max Order Quantity500,000
Lot Size1