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AllXBTUSD38140.0+11.26%XBTEUR32402.5+10.82%XBTU2138386.0+10.96%XBTZ2139404.0+11.57%XBTEURU2132564.0+12.20%AAVEUSDT313.91+10.68%ADAUSDT1.32644+7.92%ADAU210.00003347-3.49%ALTMEXUSD102.45+9.50%DEFIMEXUSD104.02+10.41%BCHUSD494.50+9.77%BCHU210.012774-2.50%BNBUSDT322.82+7.64%DOGEUSDT0.21779+12.15%DOTUSDT14.8920+11.34%EOSUSDT3.8800+7.42%EOSU210.00009832-4.53%ETHUSD2315.60+6.75%ETHUSDU212611.25+8.29%ETHU210.06030-3.74%FILUSDT50.60+3.58%LINKUSDT18.5610+12.02%LTCUSD136.82+8.97%LTCU210.003506-2.75%MATICUSDT1.0250+9.03%SOLUSDT30.297+7.32%SUSHIUSDT9.434+18.61%UNIUSDT19.465+7.90%TRXUSDT0.06162+8.85%TRXU210.0000015504-3.10%XRPUSD0.6562+8.66%XRPU210.00001678-3.89%VETUSDT0.07844+9.58%XLMUSDT0.27773+6.64%.BXBT38148.25+11.29%.BETH2311.37+6.60%.BVOL24H7.33+222.91%Funding: 00:23:26 @ -0.0151%Time: 3:36:33 AM UTC
ADAUSDT: Contract Specification
ADAUSDT
ADAUSDT is in the ADA (Cardano) series.
The quote currency is USDT (Tether).

Description

ADAUSDT is a ADA/USDT perpetual contract priced on the .BADAT Index. Each contract is worth 0.0100 XBT per 1 USDT price, currently 0.01322712 XBT.

Funding is paid and received every 8 hours. The next payout event is at 4:00 AM UTC.

ADAUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .ADABON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .ADAUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0459%, and shorts will receive 0.0459% at 4:00 AM 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.ADABON8H.USDTBON8H.ADAUSDTPI8H
Rates0.03%0.06%0.0959%

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 = 0.0459%
F = 0.0959% + Clamp(0.0100% - 0.0959%, -0.05%, 0.05%)

Full Contract Details

Ticker RootADAUSDT
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.ADABON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.ADAUSDTPI8H
Funding Rate0.0459%
Funding Intervalevery 8 hours
Next FundingJul 26, 2021, 4:00:00 AM
Predicted Rate0.0340%
Mark Price1.322712
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.00003
Fair Basis Rate50%
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 Interest10,185
24H Turnover49.5171 XBT
Total Volume964,298
TypeSettled in XBT, quoted in USDT
Contract Size0.0100 XBT per 1 USDT (Currently 0.01322712 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.00001 USDT
Max Price1,000
Max Order Quantity50,000
Lot Size1