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AllXBTUSD38003.0-5.81%XBTEUR32182.5-6.01%XBTU2138250.0-5.88%XBTZ2139111.0-6.14%XBTEURU2132285.0-6.54%AAVEUSDT292.61-12.96%ADAUSDT1.24974-8.92%ADAU210.00003201-2.41%DEFIMEXUSD98.83-8.74%ALTMEXUSD96.46-8.76%BCHUSD494.55-4.39%BCHU210.012905+1.08%BNBUSDT307.73-5.07%DOGEUSDT0.20247-10.94%DOTUSDT13.8225-9.48%EOSUSDT3.6975-7.39%EOSU210.00009475-1.07%ETHUSD2242.30-7.33%ETHUSDU212495.00-8.45%ETHU210.05881-2.16%FILUSDT48.02-7.35%LINKUSDT18.8565-5.11%LTCUSD133.01-5.06%LTCU210.003460+1.05%MATICUSDT1.0095-11.49%SOLUSDT27.522-10.87%SUSHIUSDT7.815-15.76%UNIUSDT18.230-9.83%TRXUSDT0.05891-6.92%TRXU210.0000014999-1.34%XRPUSD0.6335-6.09%XRPU210.00001634-0.12%VETUSDT0.08048-9.85%XLMUSDT0.26107-6.16%.BXBT38002.07-5.93%.BETH2239.67-7.66%.BVOL24H5.73-27.74%Funding: 00:32:04 @ -0.0406%Time: 7:27:55 PM UTC
MATICUSDT: Contract Specification
MATICUSDT
MATICUSDT is in the MATIC (Matic Network) series.
The quote currency is USDT (Tether).

Description

MATICUSDT is a MATIC/USDT perpetual contract priced on the .BMATICT Index. Each contract is worth 0.0001 XBT per 1 USDT price, currently 0.00010096 XBT.

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

MATICUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .MATICBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .MATICUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.2827%, and shorts will receive 0.2827% at 8:00 PM 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.MATICBON8H.USDTBON8H.MATICUSDTPI8H
Rates0.03%0.06%0.3327%

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 = 0.2827%
F = 0.3327% + Clamp(0.0100% - 0.3327%, -0.05%, 0.05%)

Full Contract Details

Ticker RootMATICUSDT
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.MATICBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.MATICUSDTPI8H
Funding Rate0.2827%
Funding Intervalevery 8 hours
Next FundingJul 27, 2021, 8:00:00 PM
Predicted Rate0.3045%
Mark Price1.00960
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0002
Fair Basis Rate309%
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 Interest209,325
24H Turnover21.5722 XBT
Total Volume2,791,524
TypeSettled in XBT, quoted in USDT
Contract Size0.0001 XBT per 1 USDT (Currently 0.00010096 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 USDT
Max Price10,000
Max Order Quantity5,000,000
Lot Size1