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AllXBTUSDT18982.5-0.40%XBTUSD18951.5-0.43%XBTEUR18180.5-0.38%XBTU2219003.0-0.30%XBTUSDTU2219319.0+0.46%XBTZ2219080.0-0.11%XBTN2219107.5+0.54%XBTH2319352.5+0.10%XBTUSDTZ2219293.0+0.00%ADAUSDT0.4470+0.43%ADAUSD0.4480+1.17%ADAU220.00002359+2.57%APEUSDT4.523+2.24%APEUSD4.560+2.98%AVAXUSDT15.996-1.19%AVAXUSD16.026-0.64%AXSUSD13.67+1.26%METAMEXTUSDT33.81-0.56%ALTMEXTUSDT45.31+0.00%DEFIMEXTUSDT36.94+0.00%BCHUSDT107.90+8.06%BCHUSD102.50+1.28%BNBUSD216.73+0.65%BNBUSDT216.55-0.70%DOGEUSDT0.06536-1.57%DOGEUSD0.06546-1.52%DOTUSDT6.710+0.71%DOTUSD6.704+0.22%EOSUSDT0.9275+1.82%EOSUSD0.9270+2.25%ETHUSDT1057.20+2.20%ETHUSD1057.00+2.00%ETHUSD_ETH1058.10+1.67%ETHUSDU221200.00+2.52%ETHU220.05569+3.32%ETHUSDU22_ETH1076.75+0.00%ETHUSDTU221085.00+0.00%FTMUSDT0.2502+5.53%GALUSDT2.7018+1.04%GALUSD2.7265+0.78%GMTUSDT0.8010+1.46%GMTUSD0.8064+3.45%LINKUSD6.075+0.05%LINKUSDT6.061+0.63%LTCUSDT49.92-0.08%LTCUSD49.95-0.26%LUNAUSDT2.0968-0.40%LUNAUSD2.0835-2.59%MANAUSDT0.8274-1.46%MATICUSDT0.4792+4.83%NEARUSDT3.298+0.55%NEARUSD3.243+0.09%SANDUSDT1.0325+1.30%SOLUSDT32.64+2.10%SOLUSD32.68+2.09%SHIBUSDT0.000010074+0.73%TRXUSDT0.06511+0.20%TRXUSD0.06320-2.32%XRPUSD0.3118+0.35%XRPUSDT0.3121+0.84%XRPU220.00001623-0.43%.BXBT18966.85-0.42%.BETH1056.72+2.11%.BVOL24H2.97-14.41%Funding: 02:28:50 @ 0.0100%Time: 9:31:09 AM UTC
AVAXUSDT: Contract Specification
AVAXUSDT
AVAXUSDT is in the AVAX (Avalanche) series.
The quote currency is USDT (Tether).

Description

AVAXUSDT is a AVAX/USDT perpetual contract priced on the .BAVAXT 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 12:00 PM UTC.

AVAXUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .AVAXBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .AVAXUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0179%, and shorts will pay 0.0179% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 20x
Maximum Maintenance Leverage: 40x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.AVAXBON8H.USDTBON8H.AVAXUSDTPI8H
Rates0.03%0.06%-0.0679%

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 = -0.0179%
F = -0.0679% + Clamp(0.0100% - -0.0679%, -0.05%, 0.05%)

Full Contract Details

Ticker RootAVAXUSDT
Expiry DatePerpetual, subject to Early Settlement
Initial Margin5.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.AVAXBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.AVAXUSDTPI8H
Funding Rate-0.0179%
Funding Intervalevery 8 hours
Next FundingJul 3, 2022, 12:00:00 PM
Predicted Rate-0.0444%
Mark Price16.0386
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-0.0009
Fair Basis Rate-19%
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 Interest149,477,000
24H Turnover8,575.81 USDT
Total Volume16,451,859,000
TypeSettled in USDT, quoted in USDT
Contract Size0.0001 AVAX (Currently 0.001604 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 Amount0.1 AVAX
Max Price100,000
Max Order Quantity1,000,000,000
Lot Size1,000