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AllXBTUSDT57238.0+5.44%XBTUSD57288.0+5.57%XBTEUR50792.0+5.78%XBTUSDTZ2157975.5+5.74%XBTZ2157672.5+5.92%XBTH2259133.5+5.88%XBTEURZ2151455.0+6.75%ADAUSD1.5936+6.24%ADAZ210.00002757+0.07%AVAXUSD113.072+5.55%AXSUSD135.55+7.60%ALTMEXUSD178.94+7.21%DEFIMEXUSD209.87+8.72%BCHUSDT563.95+2.43%BCHUSD564.50+2.27%BCHZ210.009807-3.78%BNBUSD609.50+4.08%DOGEUSDT0.20457+2.18%DOGEUSD0.20508+2.33%DOTUSD36.445+9.38%EOSUSD3.9624+3.90%EOSZ210.00006879-1.59%ETHUSDT4326.05+6.75%ETHUSD4334.30+6.89%ETHUSDTZ214371.05+7.56%ETHUSDZ214611.15+6.88%ETHZ210.07585+2.02%LINKUSD25.052+6.31%LTCUSDT198.79+4.61%LTCUSD198.95+4.48%LTCZ210.003465-0.29%LUNAUSD49.067+13.10%SOLUSDT201.84+7.08%SOLUSD201.99+7.12%TRXZ210.0000016417-0.95%XRPUSDT0.9769+6.39%XRPUSD0.9795+6.65%XRPZ210.00001697+0.89%.BXBT57313.25+5.64%.BETH4329.31+6.98%.BVOL24H3.30+18.71%Funding: 06:44:38 @ 0.0100%Time: 5:15:21 AM UTC
BCHUSDT: Contract Specification
BCHUSDT
BCHUSDT is in the BCH (Bitcoin Cash) series.
The quote currency is USDT (Tether).

Description

BCHUSDT is a BCH/USDT perpetual contract priced on the .BBCHT 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.

BCHUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .BCHBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .BCHUSDTPI8H 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: 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.BCHBON8H.USDTBON8H.BCHUSDTPI8H
Rates0.03%0.06%0.0108%

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 = 0.0108% + Clamp(0.0100% - 0.0108%, -0.05%, 0.05%)

Full Contract Details

Ticker RootBCHUSDT
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.BCHBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.BCHUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingNov 29, 2021, 12:00:00 PM
Predicted Rate0.0100%
Mark Price562.904
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.047
Fair Basis Rate10%
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 Interest31,949,000
24H Turnover527,100.91 USDT
Total Volume2,937,152,000
TypeSettled in USDT, quoted in USDT
Contract Size0.00001 BCH (Currently 0.005629 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.05 USDT
Minimum Trade Amount0.01 BCH
Max Price1,000,000
Max Order Quantity1,000,000,000
Lot Size1,000