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AllXBTUSDT19054.5+0.36%XBTUSD19048.0+0.31%XBTEUR19701.5+0.64%XBTZ2219091.0+0.30%XBTU2219060.5+0.41%XBTH2319138.0+1.48%XBTV2219168.0+1.07%XBTM2319340.5-0.06%XBTUSDTU2219022.0+0.00%XBTUSDTZ2219251.0+0.00%XBTUSDTH2319243.0+0.00%ADAUSDT0.4447-1.94%ADAUSD0.4449-1.87%ADAU220.00002337-2.30%ADAZ220.00002314-5.20%APEUSDT5.443-0.02%APEUSD5.490+0.57%AVAXUSDT17.340-1.60%AVAXUSD17.413-1.03%AXSUSD12.41-1.19%BCHUSDT115.35+0.17%BCHUSD115.85+0.65%BNBUSDT274.15-0.07%BNBUSD274.54-0.60%USDTBRL5.3800+2.09%USDBRL5.0912+0.00%USDCHF0.96040+0.00%EURCHF0.94158+0.00%USDTCHF1.00000+0.00%USDCNH6.9372+0.00%USDTCNH7.0292+0.00%DOGEUSDT0.06105-1.71%DOGEUSD0.06115-1.67%DOTUSDT6.520+4.05%DOTUSD6.553+4.41%EOSUSDT1.1655-0.99%EOSUSD1.1744-2.23%ETHUSDT1321.80+0.69%ETHUSD1323.75+0.73%ETHUSD_ETH1321.30+0.77%ETHUSDTU221331.80-0.21%ETHUSDU221327.95+0.84%ETHUSDU22_ETH1306.05-2.20%ETHUSDTZ221329.75+1.80%ETHU220.06948+0.62%ETHZ220.06970+1.16%ETHUSDZ221460.00+0.69%ETHUSDZ22_ETH1316.15+1.15%ETHPOWZ2210.50-18.29%EURTRY17.0850-8.06%EURUSD0.94286-3.38%EURUSDT9.80000+0.00%FTMUSDT0.2274-1.43%GALUSDT2.6850-1.68%GALUSD2.6850-2.69%GMTUSDT0.6320+0.70%GMTUSD0.6299+0.00%USDTINR84.662+0.67%USDINR79.920+0.00%KLAYUSDT0.20393+0.38%KLAYUSD0.20410+1.04%LINKUSDT7.840-0.53%LINKUSD7.886-0.14%LTCUSDT52.95-1.85%LTCUSD53.11-1.83%LUNAUSDT2.6941+10.39%LUNAUSD2.6850+11.81%MANAUSDT0.6988-0.31%MATICUSDT0.7531+0.19%USDTMXN20.370+0.76%USDMXN19.990+0.00%NEARUSDT3.672-0.49%NEARUSD3.687-0.41%NZDUSD0.58222+0.00%NZDUSDT0.61115+0.00%OPUSDT0.9095-2.08%OPUSD0.8954-1.98%SANDUSDT0.8568-2.19%USDTSEK11.4000+0.00%USDSEK10.6075+0.00%SOLUSDT32.88-0.87%SOLUSD32.94-0.78%USDTTRY18.2000-1.67%USDTRY18.7823+0.00%SHIBUSDT0.000011053-1.40%TRXUSDT0.05945-0.78%TRXUSD0.05971-0.45%XRPUSDT0.4680-6.51%XRPUSD0.4686-6.37%XRPZ220.00002444-3.36%XRPU220.00002457-5.68%USDTZAR18.0100+0.47%USDZAR16.5542+0.00%.BXBT19066.18+0.40%.BETH1322.57+0.76%.BVOL24H2.81+51.89%Funding: 04:15:59 @ 0.0059%Time: 3:44:00 PM UTC
NEARUSDT: Contract Specification
NEARUSDT
NEARUSDT is in the NEAR (Near) series.
The quote currency is USDT (Tether).

Description

NEARUSDT is a NEAR/USDT perpetual contract priced on the .BNEART 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 8:00 PM UTC.

NEARUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .NEARBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .NEARUSDTPI8H 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.NEARBON8H.USDTBON8H.NEARUSDTPI8H
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 RootNEARUSDT
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.NEARBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.NEARUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingSep 26, 2022, 8:00:00 PM
Predicted Rate0.0100%
Mark Price3.671
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
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 Interest65,822,000
24H Turnover18,147.90 USDT
Total Volume2,191,205,000
TypeSettled in USDT, quoted in USDT
Contract Size0.001 NEAR (Currently 0.003671 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 USDT
Minimum Trade Amount1 NEAR
Max Price100,000
Max Order Quantity1,000,000,000
Lot Size1,000