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AllXBTUSDT27134.5+0.78%XBTUSD27149.5+0.83%XBTEUR25388.5+1.48%XBTUSDTM2327308.0+2.46%XBTM2327250.5+0.87%XBTU2327336.0+0.93%XBTZ2327600.0+0.84%XBTUSDTU2327361.5+16.30%ETHUSDT1899.00+1.18%ETHUSD1901.30+1.21%ETHUSD_ETH1909.00+2.51%ETHUSDM231931.45+1.39%ETHM230.06990+0.43%ETHUSDTM231862.95+0.00%BMEXUSDT0.414-1.66%BMEXUSD0.420-1.18%ADAUSDT0.3769+2.45%ADAUSD0.3763+1.54%ADAM230.00001371+0.37%1TAIDOGEUSDT260.3+0.12%1TAIDOGEUSD260.0+0.00%APEUSDT3.128+2.73%APTUSD8.959+2.81%ARBUSD1.232+8.17%ARBUSDT1.158+0.09%ARBUSDTM231.233+0.00%AVAXUSD14.539+2.18%AVAXUSDT14.485+4.25%AXSUSD7.15+1.56%BCHUSD114.65-0.04%BCHUSDT114.75+0.35%BLURUSDT0.4864+0.00%BLURUSD0.5000+7.37%BNBUSDT307.00+0.99%BNBUSD306.46+0.01%BOBUSD0.0000250+25.00%CROUSD0.05934+1.49%DOGEUSDT0.07235+0.65%DOGEUSD0.07245+0.75%DOTUSD5.263+0.25%DOTUSDT5.265+2.11%EOSUSD0.9088+1.49%FLOKIUSDT0.00003160+1.87%FLOKIUSD0.00003200+3.23%FLRUSD0.0231+0.00%GMTUSDT0.2599+2.32%GMTUSD0.2598+0.81%GMXUSD55.78+3.53%GMXUSDT53.00+0.00%KLAYUSD0.18613+0.37%LINKUSD6.425+0.28%LTCUSDT94.52-0.57%LTCUSD94.70-0.47%LUNAUSDT0.8424+1.91%LUNAUSD0.8340+0.77%MATICUSDT0.8945-0.39%NEARUSD1.602+1.97%ORDIUSD8.300+0.00%PEPEUSDT0.000001276+2.00%PEPEUSD0.000001275+1.11%RNDRUSD2.559+2.36%SOLUSDT21.14+2.08%SOLUSD21.19+2.07%SUIUSDT0.928+0.87%SUIUSD0.930+0.65%TURBOUSD0.000200-0.99%USDTUSDC0.9912+0.00%XRPUSDT0.5215+1.26%XRPUSD0.5225+1.48%XRPM230.00001921+0.63%Funding: 01:29:30 @ 0.0100%Time: 2:30:29 AM UTC
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PEPEUSDT: Contract Specification
PEPEUSDT is in the PEPE series.
The quote currency is USDT (Tether).


PEPEUSDT is a PEPE/USDT perpetual contract priced on the .BPEPET 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 4:00 AM UTC.

PEPEUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .PEPEBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .PEPEUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 4:00 AM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.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

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%.


I = (Q - B) / T
F = P + Clamp(I - P, -0.05%, 0.05%)


I = 0.0100%
I = (0.06% - 0.03%) / 3
F = 0.0100%
F = 0.0124% + Clamp(0.0100% - 0.0124%, -0.05%, 0.05%)

Full Contract Details

Expiry DatePerpetual, subject to Early Settlement
Initial Margin2.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.PEPEBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.PEPEUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingJun 3, 2023, 4:00:00 AM
Predicted Rate0.0100%
Mark Price0.000001275
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 Interest520,318,480,000
24H Turnover685,104.95 USDT
Total Volume25,449,687,730,000
TypeSettled in USDT, quoted in USDT
Contract Size1 PEPE (Currently 0.000001 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment1e-9 USDT
Minimum Trade Amount10000 PEPE
Max Price0.1
Max Order Quantity100,000,000,000
Lot Size10,000