AllXBTUSD6386.0-0.75%XBTU186336.5-0.53%XBTZ186337.0-0.66%XBT7D_U1050.00130-46.72%XBT7D_D950.00220-5.58%ADAU180.00001486-2.24%BCHU180.0827+1.22%EOSU180.0007294+1.66%ETHUSD291.15+1.62%ETHU180.04543+1.41%LTCU180.00880-0.79%TRXU180.00000290-4.29%XRPU180.00004584+1.75%.BXBT6386.90-0.85%.ETHXBT0.04548+2.20%.BVOL24H4.35+0.69%Funding: 03:03:04 @ -0.0309%Time: 8:56:55 AM
ETHUSD: Contract Specification
ETHUSD
The base currency is ETH.
The quote currency is USD.

Description

ETHUSD is a ETH/USD perpetual contract priced on the .BETH Index. Each contract is worth 0.001 mXBT per $1 price, currently 0.00029050 XBT.

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

ETHUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .ETHBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .ETHUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0656%, and shorts will pay 0.0656% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: This instrument is perpetual and does not expire.

View the ETH Series Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.ETHBON8H.USDBON8H.ETHUSDPI8H
Rates0.03%0.06%-0.1156%

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 = -0.0656%
F = -0.1156% + Clamp(0.0100% - -0.1156%, -0.05%, 0.05%)

Full Contract Details

Ticker RootETHUSD
Expiry DatePerpetual
Initial Margin2.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.ETHBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.ETHUSDPI8H
Funding Rate-0.0656%
Funding Intervalevery 8 hours
Next FundingAug 16, 2018, 12:00:00 PM
Predicted Rate0.0100%
Mark Price290.50
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-0.07
Fair Basis Rate-71%
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 Interest12,741,015
24H Turnover26,670.9490 XBT
Total Volume471,477,389
TypeSettled in XBT, quoted in USD
Contract Size0.001 mXBT per 1 USD (Currently 0.00029050 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 Quantity10,000,000
Lot Size1