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FLOKIUSD: Contract Specification
FLOKIUSD
FLOKIUSD is in the FLOKI series.
The quote currency is USD (US Dollar).

Description

FLOKIUSD is a FLOKI/USD perpetual contract priced on the .BFLOKI Index. Each contract is worth 1.0000 XBT per $1 price, currently 0.00003172 XBT.

Funding is paid and received every 8 hours. The next payout event is at 4:00 AM UTC.

FLOKIUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .FLOKIBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .FLOKIUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0265%, and shorts will pay 0.0265% at 4:00 AM 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.FLOKIBON8H.USDBON8H.FLOKIUSDPI8H
Rates0.03%0.06%-0.0765%

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 = -0.0265%
F = -0.0765% + Clamp(0.0100% - -0.0765%, -0.05%, 0.05%)

Full Contract Details

Ticker RootFLOKIUSD
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.FLOKIBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.FLOKIUSDPI8H
Funding Rate-0.0265%
Funding Intervalevery 8 hours
Next FundingJun 3, 2023, 4:00:00 AM
Predicted Rate-0.0133%
Mark Price0.00003172
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate-29%
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 Interest122,414
24H Turnover0.1869 XBT
Total Volume6,059,868
TypeSettled in XBT, quoted in USD
Contract Size1.0000 XBT per 1 USD (Currently 0.00003172 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment1e-8 USD
Minimum Trade Amount1 Cont
Max Price1
Max Order Quantity500,000
Lot Size1