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AllXBTUSD12811.0+4.61%XBTZ2012932.0+4.49%XBTH2112984.5+4.29%ADAUSDTZ200.11409+3.87%ADAZ200.00000830-2.92%BCHUSD267.70+6.74%BCHZ200.02004+2.87%EOSZ200.0002067-1.29%EOSUSDTZ202.7590+4.00%ETHUSD396.35+3.74%ETHUSDZ20433.25+3.66%ETHZ200.03109-0.26%LINKUSDT10.9140+4.24%LINKUSDTZ2011.7850+5.29%LTCUSD55.45+13.46%LTCZ200.004280+7.81%TRXZ200.00000208-1.89%XRPUSD0.2572+3.71%XRPZ200.00001994-0.15%XTZUSDTZ202.3275+1.62%.BXBT12797.66+4.50%.BETH395.77+3.82%.BVOL24H3.91+73.01%Funding: 05:20:40 @ 0.0100%Time: 6:39:19 AM
LTCUSD: Contract Specification
LTCUSD
LTCUSD is in the LTC (Litecoin) series.
The quote currency is USD (US Dollar).

Description

LTCUSD is a LTC/USD perpetual contract priced on the .BLTC Index. Each contract is worth 0.002 mXBT per $1 price, currently 0.00011098 XBT.

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

LTCUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .LTCBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .LTCUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0162%, and shorts will receive 0.0162% 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: 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.LTCBON8H.USDBON8H.LTCUSDPI8H
Rates0.03%0.06%0.0662%

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 = 0.0162%
F = 0.0662% + Clamp(0.0100% - 0.0662%, -0.05%, 0.05%)

Full Contract Details

Ticker RootLTCUSD
Expiry DatePerpetual
Initial Margin3.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.LTCBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.LTCUSDPI8H
Funding Rate0.0162%
Funding Intervalevery 8 hours
Next FundingOct 22, 2020, 12:00:00 PM
Predicted Rate0.0100%
Mark Price55.490
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.005
Fair Basis Rate17%
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 Interest3,359,205
24H Turnover1,748.4097 XBT
Total Volume515,878,584
TypeSettled in XBT, quoted in USD
Contract Size0.002 mXBT per 1 USD (Currently 0.00011098 XBT per contract)
SettlementThis contract is perpetual and does not settle.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.01 USD
Max Price1,000,000
Max Order Quantity100,000,000
Lot Size1