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AllXBTUSD60714.0-2.26%XBTEUR52243.5-2.31%XBTZ2162181.5-2.14%XBTH2264323.0-2.25%XBTV2161052.5-2.36%XBTEURZ2154027.5-3.15%AAVEUSDT313.74+3.04%ADAUSD2.1797-1.89%ADAZ210.00003573-0.06%AVAXUSD58.329+2.03%AXSUSDT124.314-0.42%ALTMEXUSD172.76-0.92%DEFIMEXUSD210.45-0.29%BCHUSD625.20-0.69%BCHZ210.010220+0.26%BNBUSD465.22-2.81%DOGEUSD0.23703-0.85%DOTUSD42.557-1.73%EOSUSDT4.5635-1.50%EOSZ210.00007503+0.96%ETHUSD3881.30+0.63%ETHUSDZ214548.65-0.03%ETHZ210.06391+2.50%LINKUSDT27.4225+0.63%LTCUSD187.34-1.51%LTCZ210.003105+0.49%LUNAUSD36.593-1.49%MATICUSDT1.5297-1.83%SOLUSDT163.180+2.18%SUSHIUSDT11.376+2.82%UNIUSDT26.712+1.44%SRMUSDT7.343-1.77%TRXUSDT0.09939-0.18%TRXZ210.0000016269+2.33%XRPUSD1.1352-0.53%XRPZ210.00001851+0.49%VETUSDT0.11834-0.89%XLMUSDT0.39017+3.57%.BXBT60695.87-2.21%.BETH3876.38+0.58%.BVOL24H2.52-28.41%Funding: 05:12:41 @ 0.0188%Time: 6:47:18 AM UTC
DEFIMEXUSD: Contract Specification
DEFIMEXUSD
DEFIMEXUSD is in the BASKET (BitMEX Basket) series.
The quote currency is USD (US Dollar).

Description

DEFIMEXUSD is a DEFIMEX/USD perpetual contract priced on the .BDEFIMEX Index. Each contract is worth 0.001 mXBT per $1 price, currently 0.00021090 XBT.

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

DEFIMEXUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .DEFIMEXBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .DEFIMEXUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.1051%, and shorts will receive 0.1051% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 25x
Maximum Maintenance Leverage: 50x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.DEFIMEXBON8H.USDBON8H.DEFIMEXUSDPI8H
Rates0.03%0.06%0.1551%

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 = 0.1051%
F = 0.1551% + Clamp(0.0100% - 0.1551%, -0.05%, 0.05%)

Full Contract Details

Ticker RootDEFIMEXUSD
Expiry DatePerpetual, subject to Early Settlement
Initial Margin4.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.DEFIMEXBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.DEFIMEXUSDPI8H
Funding Rate0.1051%
Funding Intervalevery 8 hours
Next FundingOct 17, 2021, 12:00:00 PM
Predicted Rate0.1136%
Mark Price210.900000
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.14
Fair Basis Rate115%
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 Interest59,550
24H Turnover0.2901 XBT
Total Volume2,043,599
TypeSettled in XBT, quoted in USD
Contract Size0.001 mXBT per 1 USD (Currently 0.00021090 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.01 USD
Minimum Trade Amount1 Cont
Max Price1,000,000
Max Order Quantity100,000
Lot Size1