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AllXBTUSDT19109.5-4.31%XBTUSD19071.0-4.28%XBTEUR18199.0-4.64%XBTUSDTZ2219293.0-5.48%XBTUSDTU2219085.0-5.56%XBTU2219082.5-4.12%XBTZ2219234.5-4.01%XBTH2319350.0-3.91%XBTN2218999.0-5.32%ADAUSDT0.4500-2.17%ADAUSD0.4479-2.78%ADAU220.00002312+0.35%APEUSDT4.390-6.04%APEUSD4.361-6.82%AVAXUSDT16.314-7.56%AVAXUSD16.335-5.82%AXSUSD13.95-1.97%METAMEXTUSDT34.00-8.87%ALTMEXTUSDT45.31+0.00%DEFIMEXTUSDT36.94+0.00%BCHUSDT98.45-6.86%BCHUSD99.90-3.99%BNBUSD214.61-0.84%BNBUSDT207.96-4.00%DOGEUSDT0.06532-2.99%DOGEUSD0.06542-2.98%DOTUSDT6.812-3.99%DOTUSD6.861-3.16%EOSUSDT0.8891-3.82%EOSUSD0.9030-3.06%ETHUSDT1031.00-5.49%ETHUSD1031.95-5.26%ETHUSD_ETH1010.80-9.18%ETHUSDTU221102.55-0.79%ETHUSDU221173.55-5.26%ETHUSDU22_ETH1000.20-13.47%ETHU220.05367-1.97%FTMUSDT0.2464-3.90%GALUSDT2.6601-6.16%GALUSD2.7364-3.99%GMTUSDT0.8000-8.62%GMTUSD0.8032-7.17%LINKUSDT6.075-3.69%LINKUSD6.090-1.42%LTCUSDT51.40-1.42%LTCUSD51.46-1.57%LUNAUSDT2.0578-18.66%LUNAUSD2.1155-15.16%MANAUSDT0.8122-5.56%MATICUSDT0.4495-10.05%NEARUSDT3.355-4.14%NEARUSD3.237-7.04%SANDUSDT1.0381-0.07%SOLUSDT32.16-3.68%SOLUSD32.23-3.30%SHIBUSDT0.000010236+4.98%TRXUSDT0.06322-2.45%TRXUSD0.06355-0.70%XRPUSDT0.3089-4.37%XRPUSD0.3195-0.99%XRPU220.00001629+0.62%.BXBT19073.82-4.35%.BETH1029.65-5.42%.BVOL24H3.50+13.27%Funding: 02:31:29 @ -0.0273%Time: 5:28:30 PM UTC
GALUSD: Contract Specification
GALUSD
GALUSD is in the GAL series.
The quote currency is USD (US Dollar).

Description

GALUSD is a GAL/USD perpetual contract priced on the .BGAL Index. Each contract is worth 0.0001 XBT per $1 price, currently 0.00027113 XBT.

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

GALUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .GALBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .GALUSDPI8H 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: 33.33x
Maximum Maintenance Leverage: 66.67x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.GALBON8H.USDBON8H.GALUSDPI8H
Rates0.03%0.06%0.0328%

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 = 0.0328% + Clamp(0.0100% - 0.0328%, -0.05%, 0.05%)

Full Contract Details

Ticker RootGALUSD
Expiry DatePerpetual, subject to Early Settlement
Initial Margin3.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.GALBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.GALUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingJun 30, 2022, 8:00:00 PM
Predicted Rate0.0100%
Mark Price2.71130
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0001
Fair Basis Rate10%
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 Interest10,936
24H Turnover3.0091 XBT
Total Volume667,699
TypeSettled in XBT, quoted in USD
Contract Size0.0001 XBT per 1 USD (Currently 0.00027113 XBT 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 USD
Minimum Trade Amount1 Cont
Max Price10,000
Max Order Quantity500,000
Lot Size1