ETHXBT is a ETH/XBT swap contract priced on the .ETHXBT Index. Each contract has a value equal to its price in Bitcoin.
Funding is paid and received every 8 hours. The next payout event is at 04:00 (04:00 UTC).
ETHXBT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .ETHPON8H Index and .XBTPON8H Index, and the premium rate is quoted in the .ETHXBTPI8H Index. These are used to calculate the final funding rate.
Today, longs will pay 0.0061%, and shorts will receive 0.0061% at 04:00 (04:00 UTC). BitMEX does not charge fees on funding payments.
2016 Nov 4, 12:00 (12:00 UTC) -
More information about the funding rate is available in the Swaps Guide.
|Interest Base||Interest Quote||Premium|
I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day P = Premium Rate, F = Funding Rate
Funding Rateis the rate exchanged between users.
Premium Rateis used to calculate it, adjusted by the
Interest Rateby up to 0.05%.
I = (Q - B) / T
F = P + Clamp(I - P, -0.05%, 0.05%)
I = 0.0061%I = (0.0276% - 0.0094%) / 3F = 0.0061%F = 0.0207% + Clamp(0.0061% - 0.0207%, -0.05%, 0.05%)
|Ticker Root||ETHXBT: November 2016 (See Month Codes Reference)|
|Expiry Date||2016-11-04 12:00:00|
|Initial Margin||3.00% + Entry Commission + Exit Commission|
|Maint. Margin||1.50% + Exit Commission + Funding Rate|
|Interest Base Symbol||.XBTPON8H|
|Interest Quote Symbol||.XBTPON8H|
|Funding Premium Symbol||.ETHXBTPI8H|
|Funding Interval||every 8 hours|
|Next Funding||2016-10-28 04:00:00|
|Predicted Funding Rate||0.0346%|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||6%|
|Fair Basis Calculation||The fair basis on this instrument is determined by an annualized calculation of the funding rate.|
|Risk Limit||50 XBT|
|Risk Step||50 XBT|
|24H Turnover||692.8025 XBT|
|Type||Settled in XBT, quoted in XBT|
|Contract Size||1 ETH (Currently 0.0168 XBT per contract)|
|Settlement||This contract settles on the .ETHXBT index value as of the Nov 4 12:00 (12:00 UTC).|
|Commission||See the Fees Reference for more details.|
|Minimum Price Increment||0.00001 XBT|