AllXBTUSD9262.5+0.05%XBTU209351.5+0.10%XBTZ209436.0+0.13%ADAU200.00001355+6.03%BCHUSD236.10-0.57%BCHU200.02550-0.70%EOSU200.0002806-0.53%ETHUSD242.55+0.75%ETHUSDU20261.45+0.75%ETHU200.02642+0.72%LTCU200.004825-0.82%TRXU200.00000196-1.51%XRPUSD0.2001-0.35%XRPU200.00002124-0.19%.BXBT9258.57+0.03%.BETH242.44+0.84%.BVOL24H1.51+29.06%Funding: 04:01:52 @ 0.0100%Time: 7:58:07 AM
BCHUSD: Contract Specification
BCHUSD
The base currency is BCH.
The quote currency is USD.

Description

BCHUSD is a BCH/USD perpetual contract priced on the .BBCH Index. Each contract is worth 0.001 mXBT per $1 price, currently 0.00023577 XBT.

Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.

BCHUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .BCHBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .BCHUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: This instrument is perpetual and does not expire.

View the BCH Series Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.BCHBON8H.USDBON8H.BCHUSDPI8H
Rates0.03%0.06%0.0505%

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 = 0.0100%
F = 0.0505% + Clamp(0.0100% - 0.0505%, -0.05%, 0.05%)

Full Contract Details

Ticker RootBCHUSD
Expiry DatePerpetual
Initial Margin4.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.BCHBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.BCHUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingJul 13, 2020, 12:00:00 PM
Predicted Rate0.0587%
Mark Price235.770
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.01
Fair Basis Rate10%
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 Interest1,725,241
24H Turnover701.0679 XBT
Total Volume56,733,300
TypeSettled in XBT, quoted in USD
Contract Size0.001 mXBT per 1 USD (Currently 0.00023577 XBT per contract)
SettlementThis contract is perpetual and does not settle.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.05 USD
Max Price1,000,000
Max Order Quantity100,000,000
Lot Size1