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AllXBTUSD12253.0+4.37%XBTZ2012374.0+4.82%XBTH2112450.0+4.98%ADAUSDTZ200.11053-5.08%ADAZ200.00000858-6.64%BCHUSD251.05+0.99%BCHZ200.01945-4.80%EOSZ200.0002091-5.04%EOSUSDTZ202.6530-1.74%ETHUSD381.25+0.55%ETHUSDZ20417.80+0.58%ETHZ200.03116-3.50%LINKUSDT10.4890-2.45%LINKUSDTZ2011.2340-2.14%LTCUSD49.25+2.31%LTCZ200.003990-3.39%TRXZ200.00000212-2.75%XRPUSD0.2476-0.12%XRPZ200.00001994-4.68%XTZUSDTZ202.2750-3.85%.BXBT12250.28+4.32%.BETH380.65+0.45%.BVOL24H2.23+33.53%Funding: 06:50:17 @ 0.0085%Time: 5:09:42 AM
LINKUSDT: Contract Specification
LINKUSDT
LINKUSDT is in the LINK (Chainlink) series.
The quote currency is USDT (Tether).

Description

LINKUSDT is a LINK/USDT perpetual contract priced on the .BLINKT Index. Each contract is worth 0.0001 XBT per 1 USDT price, currently 0.00104783 XBT.

Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.

LINKUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .LINKBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .LINKUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: This instrument is perpetual and does not expire.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.LINKBON8H.USDTBON8H.LINKUSDTPI8H
Rates0.03%0.06%0.053%

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 = 0.0530% + Clamp(0.0100% - 0.0530%, -0.05%, 0.05%)

Full Contract Details

Ticker RootLINKUSDT
Expiry DatePerpetual
Initial Margin2.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.LINKBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.LINKUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingOct 21, 2020, 12:00:00 PM
Predicted Rate0.0100%
Mark Price10.47830
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0009
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 Interest128,204
24H Turnover1,551.6219 XBT
Total Volume3,327,868
TypeSettled in XBT, quoted in USDT
Contract Size0.0001 XBT per 1 USDT (Currently 0.00104783 XBT per contract)
SettlementThis contract is perpetual and does not settle.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0005 USDT
Max Price50,000
Max Order Quantity500,000
Lot Size1