SRMUSDT is a SRM/USDT perpetual contract priced on the .BSRMT Index. Each contract is worth 0.010 mXBT per 1 USDT price, currently 0.00010335 XBT.
Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.
SRMUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .SRMBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .SRMUSDTPI8H 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.
More information about the funding rate is available in the Perpetuals Guide.
|Interest Base||Interest Quote||Premium|
I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day P = Premium Rate, F = Funding Rate
Funding Rateis the rate exchanged between users.
Premium Rateis used to calculate it, adjusted by the
Interest Rateby 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%) / 3F = 0.0100%F = 0.0138% + Clamp(0.0100% - 0.0138%, -0.05%, 0.05%)
|Expiry Date||Perpetual, subject to Early Settlement|
|Initial Margin||5.00% + Entry Taker Fee + Exit Taker Fee|
|Maint. Margin||2.50% + Exit Taker Fee + Funding Rate|
|Interest Base Symbol||.SRMBON8H|
|Interest Quote Symbol||.USDTBON8H|
|Funding Premium Symbol||.SRMUSDTPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Sep 18, 2021, 12:00:00 PM|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||10%|
|Fair Basis Calculation||The fair basis on this instrument is determined by an annualized calculation of the funding rate.|
|Risk Limit||50 XBT|
|Risk Step||50 XBT|
|24H Turnover||11.9961 XBT|
|Type||Settled in XBT, quoted in USDT|
|Contract Size||0.010 mXBT per 1 USDT (Currently 0.00010335 XBT per contract)|
|Settlement||This contract is perpetual and does not settle. Subject to Early Settlement.|
|Commission||See the Fees Reference for more details.|
|Minimum Price Increment||0.001 USDT|
|Minimum Trade Amount||1 Cont|
|Max Order Quantity||500,000|