Please note BitMEX does not support old browsers.
We recommend upgrading to the latest version of Opera, Firefox, or Chrome.

BitMEX trading is not available in your region

AllXBTUSD62998.0+4.19%XBTEUR54244.0+4.42%XBTZ2164700.0+4.53%XBTH2266751.5+4.66%XBTV2163181.0+5.25%XBTX2164108.0+4.57%XBTEURZ2155951.0+6.31%AAVEUSDT313.19+3.25%ADAUSD2.1584+2.25%ADAZ210.00003426-1.72%AVAXUSD66.676+6.31%AXSUSD131.50+8.03%AXSUSDT131.364+7.33%DEFIMEXUSD214.26+6.02%ALTMEXUSD186.00+5.58%BCHUSD618.45+1.01%BCHZ210.009810-3.35%BNBUSD486.56+3.09%DOGEUSD0.26316+0.31%DOTUSD44.504+6.17%EOSUSD4.8030+2.74%EOSUSDT4.8055+1.66%EOSZ210.00007627-2.84%ETHUSD4202.70+4.70%ETHUSDZ214972.95+5.81%ETHZ210.06700+0.72%LINKUSD32.282+10.03%LINKUSDT32.2550+10.16%LTCUSD194.78+3.72%LTCZ210.003100-0.67%LUNAUSD42.691+5.64%MATICUSDT1.6332+5.48%SOLUSD212.66+11.64%SOLUSDT212.740+11.41%SUSHIUSDT10.702+4.26%UNIUSDT26.469+3.22%SRMUSDT7.779+6.61%TRXUSDT0.10054+2.61%TRXZ210.0000015818-2.39%XRPUSD1.0949+2.39%XRPZ210.00001732-2.97%VETUSDT0.14090+8.16%XLMUSDT0.38264+3.22%.BXBT62978.29+4.19%.BETH4201.81+4.71%.BVOL24H2.44-15.57%Funding: 00:46:06 @ 0.0100%Time: 7:13:53 PM UTC
SUSHIUSDT: Contract Specification
SUSHIUSDT- Early Settling Nov 2, 2021, 12:00 PM
SUSHIUSDT is in the SUSHI (Sushi) series.
The quote currency is USDT (Tether).

Description

SUSHIUSDT is a SUSHI/USDT perpetual contract priced on the .BSUSHIT Index. Each contract is worth 0.010 mXBT per 1 USDT price, currently 0.00010672 XBT.

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

SUSHIUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .SUSHIBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .SUSHIUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0384%, and shorts will receive 0.0384% at 8:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Nov 2, 2021, 12:00:00 PM (Early Settlement, originally perpetual with no expiry.)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.SUSHIBON8H.USDTBON8H.SUSHIUSDTPI8H
Rates0.03%0.06%0.0884%

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 = 0.0384%
F = 0.0884% + Clamp(0.0100% - 0.0884%, -0.05%, 0.05%)

Full Contract Details

Ticker RootSUSHIUSDT: November 2021 (See Month Codes Reference)
Expiry DateNov 2, 2021, 12:00:00 PM, (Early Settlement)
Initial Margin3.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.SUSHIBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.SUSHIUSDTPI8H
Funding Rate0.0384%
Funding Intervalevery 8 hours
Next FundingOct 25, 2021, 8:00:00 PM
Predicted Rate0.0463%
Mark Price10.6720
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate42%
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 Interest584,729
24H Turnover2.3423 XBT
Total Volume10,853,150
TypeSettled in XBT, quoted in USDT
Contract Size0.010 mXBT per 1 USDT (Currently 0.00010672 XBT per contract)
SettlementThis contract settles on the .BSUSHIT Index value as of Nov 2, 12:00 PM (12:00:00 PM UTC). (Early Settlement)
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 USDT
Minimum Trade Amount1 Cont
Max Price100,000
Max Order Quantity1,000,000
Lot Size1