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AllXBTUSD62092.5+1.18%XBTM2166219.5+1.02%XBTU2170751.5+1.55%ADAUSDT1.44599+2.52%ADAM210.00002223+0.23%BCHUSD1151.10+26.66%BCHM210.01889+26.86%DOGEUSDT0.31541+22.78%DOTUSDT42.8365+2.00%EOSUSDT8.4055+8.90%EOSM210.0001317+9.66%ETHUSD2482.50+3.42%ETHUSDM213480.25+4.58%ETHM210.04037+2.70%LINKUSDT43.0960+6.16%LINKUSDTM2160.0215+1.99%LTCUSD322.86+13.48%LTCM210.005275+10.82%UNIUSDT36.929+1.70%TRXUSDT0.17260+13.98%TRXM210.00000252+12.50%XRPUSD1.6922+1.15%XRPM210.00002555+2.69%XLMUSDT0.63604+3.70%.BXBT62060.64+1.14%.BETH2478.43+3.44%.BVOL24H2.98+6.81%Funding: 05:38:38 @ 0.0100%Time: 6:21:21 AM UTC
TRXUSDT: Contract Specification
TRXUSDT
TRXUSDT is in the TRX (Tron) series.
The quote currency is USDT (Tether).

Description

TRXUSDT is a TRX/USDT perpetual contract priced on the .BTRXT Index. Each contract is worth 0.0010 XBT per 1 USDT price, currently 0.00017024 XBT.

Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.

TRXUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .TRXBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .TRXUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0341%, and shorts will receive 0.0341% at 12:00 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.TRXBON8H.USDTBON8H.TRXUSDTPI8H
Rates0.03%0.06%0.0841%

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 = 0.0341%
F = 0.0841% + Clamp(0.0100% - 0.0841%, -0.05%, 0.05%)

Full Contract Details

Ticker RootTRXUSDT
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.TRXBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.TRXUSDTPI8H
Funding Rate0.0341%
Funding Intervalevery 8 hours
Next FundingApr 17, 2021, 12:00:00 PM
Predicted Rate0.0100%
Mark Price0.170240
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.00004
Fair Basis Rate37%
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 Interest421,404
24H Turnover284.6517 XBT
Total Volume29,001,048
TypeSettled in XBT, quoted in USDT
Contract Size0.0010 XBT per 1 USDT (Currently 0.00017024 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.00001 USDT
Max Price1,000
Max Order Quantity5,000,000
Lot Size1