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AllXBTUSDT27991.0-0.36%XBTUSD28022.0-0.37%XBTEUR26076.5-0.87%XBTH2328057.5-0.29%XBTUSDTM2328224.5+0.09%XBTUSDTH2328037.5-0.47%XBTM2328148.5-0.54%XBTUSDTU2328447.5-0.53%XBTU2328189.0-1.22%XBTZ2328297.5-0.23%XBTJ2328457.0+1.11%ETHUSDT1791.95+1.96%ETHUSD1796.30+1.89%ETHUSD_ETH1786.20+1.57%ETHUSDTH231790.00+1.49%ETHUSDH231817.25+1.88%ETHUSDM231980.00+3.68%ETHUSDTM231736.40-0.78%ETHH230.06436+2.52%ETHM230.06360+0.62%ETHUSDH23_ETH1771.35+0.00%BMEXUSDT0.506-2.50%BMEXUSD0.519-3.71%ADAUSDT0.3792+12.99%ADAUSD0.3733+11.21%ADAH230.00001326+9.59%ADAM230.00001300+5.69%APEUSDT4.121+0.54%APTUSDT11.700-3.59%APTUSD12.183-0.94%ARBUSDTM231.372-0.29%AVAXUSDT17.478+3.35%AVAXUSD17.532+3.08%AXSUSD8.82+0.11%BCHUSDT134.15+3.15%BCHUSD134.35+1.78%BLURUSD0.5600+3.70%BLURUSDT0.4125-43.30%BNBUSDT339.02+1.83%BNBUSD336.33+0.40%CROUSDT0.06931-4.18%CROUSD0.06900-1.44%DOGEUSDT0.07670+6.39%DOGEUSD0.07697+6.72%DOTUSDT6.409+4.01%DOTUSD6.456+4.26%EOSUSD1.1832-0.77%FLRUSD0.0306+5.52%FLRUSDT0.0210+0.00%FLRUSDTH230.0280-30.17%GMTUSDT0.4068-0.46%GMTUSD0.4083-0.95%GMXUSD80.27-2.11%GMXUSDT83.50+0.00%KLAYUSD0.23500+2.73%KLAYUSDT0.23901+15.48%LINKUSD7.399+2.44%LTCUSDT81.83+1.30%LTCUSD82.00+1.20%LUNAUSDT1.4031+1.30%LUNAUSD1.4199+0.44%MATICUSDT1.1398+1.57%NEARUSD2.066+4.50%SOLUSDT22.24-1.85%SOLUSD22.55-0.09%USDTUSDC1.0020+0.00%XRPUSDT0.4672+25.05%XRPUSD0.4692+24.19%XRPH230.00001657+22.02%XRPM230.00001654+20.73%Funding: 06:34:02 @ -0.0065%Time: 9:25:57 PM UTC
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APEUSDT: Contract Specification
APEUSDT
APEUSDT is in the APE (ApeCoin) series.
The quote currency is USDT (Tether).

Description

APEUSDT is a APE/USDT perpetual contract priced on the .BAPET Index. Each contract has a value equal to its price in Tether.

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

APEUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .APEBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .APEUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0105%, and shorts will pay 0.0105% 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.APEBON8H.USDTBON8H.APEUSDTPI8H
Rates0.03%0.06%-0.0605%

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 = -0.0105%
F = -0.0605% + Clamp(0.0100% - -0.0605%, -0.05%, 0.05%)

Full Contract Details

Ticker RootAPEUSDT
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.APEBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.APEUSDTPI8H
Funding Rate-0.0105%
Funding Intervalevery 8 hours
Next FundingMar 22, 2023, 4:00:00 AM
Predicted Rate0.0100%
Mark Price4.1224
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-0.0004
Fair Basis Rate-11%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit1,000,000 USDT
Risk Step1,000,000 USDT
Open Interest18,848,000
24H Turnover667,182.95 USDT
Total Volume35,700,159,000
TypeSettled in USDT, quoted in USDT
Contract Size0.001 APE (Currently 0.004122 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 USDT
Minimum Trade Amount1 APE
Max Price100,000
Max Order Quantity1,000,000,000
Lot Size1,000