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ETHUSD_ETH: Contract Specification
ETHUSD
ETHUSD_ETH is in the ETH (Ethereum) series.
The quote currency is USD (US Dollar).

Description

ETHUSD_ETH is a ETH/USD perpetual contract priced on the .BETH Index. Each contract is worth 1 USD of Ethereum.

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

ETHUSD_ETH 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 .ETHUSD_ETHPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 8:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 50x
Maximum Maintenance Leverage: 100x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.ETHBON8H.USDBON8H.ETHUSD_ETHPI8H
Rates0.03%0.06%0.0101%

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 = 0.0101% + Clamp(0.0100% - 0.0101%, -0.05%, 0.05%)

Full Contract Details

Ticker RootETHUSD_ETH
Expiry DatePerpetual, subject to Early Settlement
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.ETHUSD_ETHPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingNov 27, 2022, 8:00:00 PM
Predicted Rate0.0100%
Mark Price1212.46
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate10%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit200 ETH
Risk Step200 ETH
Open Interest73,766
24H Turnover44.99511977 ETH
Total Volume17,172,564
TypeSettled in ETH, quoted in USD
Contract Size1 USD (Currently 0.000824769 ETH 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 USD
Minimum Trade Amount1 USD
Max Price1,000,000
Max Order Quantity100,000,000
Lot Size1