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AllXBTUSDT21377.0-0.29%XBTUSD21331.5-0.37%XBTEUR20246.0-0.19%XBTUSDTZ2221541.0+1.00%XBTU2221360.5-0.42%XBTUSDTU2221330.0+1.32%XBTH2321800.0+1.86%XBTZ2221552.0+0.64%XBTN2221389.0+0.39%ADAUSDT0.5019+1.81%ADAUSD0.5044+1.80%ADAU220.00002340+2.63%APEUSDT4.978+15.18%APEUSD4.943+13.76%AVAXUSDT20.746+1.11%AVAXUSD20.758-1.19%AXSUSD17.11-4.41%ALTMEXTUSDT49.00+4.26%DEFIMEXTUSDT35.19+0.00%METAMEXTUSDT39.01+0.00%BCHUSDT116.25+1.26%BCHUSD116.40+1.13%BNBUSDT238.55+1.01%BNBUSD239.61+0.41%DOGEUSDT0.07497+9.83%DOGEUSD0.07517+10.12%DOTUSDT8.183+1.53%DOTUSD8.179+0.88%EOSUSDT1.0265+5.40%EOSUSD1.0321+2.85%ETHUSDT1237.05+0.83%ETHUSD1242.70+1.11%ETHUSD_ETH1217.85+1.78%ETHU220.05779+1.60%ETHUSDU221424.05+1.56%ETHUSDTU221222.30-0.04%ETHUSDU22_ETH1217.70+0.00%FTMUSDT0.2893-0.92%GALUSDT2.9568+3.37%GALUSD2.9000+0.23%GMTUSDT0.9959+8.03%GMTUSD0.9971+5.04%LINKUSDT7.184+1.18%LINKUSD7.135+0.32%LTCUSDT58.46-1.95%LTCUSD58.52-2.07%LUNAUSDT2.0000+2.40%LUNAUSD2.0000+2.56%MANAUSDT0.9813-3.61%MATICUSDT0.6003-0.61%NEARUSDT4.105+0.61%NEARUSD3.930-6.00%SANDUSDT1.2445-5.20%SOLUSDT40.80-1.11%SOLUSD40.80-2.09%SHIBUSDT0.000011509-2.23%TRXUSDT0.06448+0.69%TRXUSD0.06581+2.83%XRPUSDT0.3631+1.91%XRPUSD0.3670-0.03%XRPU220.00001682-0.47%.BXBT21336.85-0.38%.BETH1237.62+0.89%.BVOL24H2.54-12.11%Funding: 06:41:27 @ -0.0084%Time: 9:18:32 PM UTC
FTMUSDT: Contract Specification
FTMUSDT
FTMUSDT is in the FTM (Fantom) series.
The quote currency is USDT (Tether).

Description

FTMUSDT is a FTM/USDT perpetual contract priced on the .BFTMT Index. Each contract has a value equal to its price in Tether.

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

FTMUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .FTMBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .FTMUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 4:00 AM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 20x
Maximum Maintenance Leverage: 40x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.FTMBON8H.USDTBON8H.FTMUSDTPI8H
Rates0.03%0.06%-0.0099%

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 = -0.0099% + Clamp(0.0100% - -0.0099%, -0.05%, 0.05%)

Full Contract Details

Ticker RootFTMUSDT
Expiry DatePerpetual, subject to Early Settlement
Initial Margin5.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.FTMBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.FTMUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingJun 27, 2022, 4:00:00 AM
Predicted Rate0.0100%
Mark Price0.29362
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.00002
Fair Basis Rate10%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit1,000,000 USDT
Risk Step1,000,000 USDT
Open Interest43,563,000
24H Turnover11,666.62 USDT
Total Volume3,768,257,000
TypeSettled in USDT, quoted in USDT
Contract Size0.01 FTM (Currently 0.002936 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 USDT
Minimum Trade Amount10 FTM
Max Price10,000
Max Order Quantity1,000,000,000
Lot Size1,000