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AllXBTUSDT27222.0-1.69%XBTUSD27225.0-1.71%XBTEUR25492.5-1.30%XBTUSDTM2327205.5-2.52%XBTM2327295.0-1.85%XBTUSDTU2327361.5+16.30%XBTU2327419.0-1.79%XBTZ2327661.0-2.19%ETHUSDT1875.50-1.34%ETHUSD1875.25-1.46%ETHUSD_ETH1860.10-2.20%ETHUSDM231900.80-1.95%ETHUSDTM231877.95+4.73%ETHM230.06900+0.60%BMEXUSDT0.403-4.95%BMEXUSD0.403-4.73%ADAUSD0.3747-0.93%ADAUSDT0.3743-1.14%ADAM230.00001375+0.00%1TAIDOGEUSD268.0-4.29%1TAIDOGEUSDT356.8+0.00%APEUSDT3.133-1.91%APTUSD8.422-0.18%ARBUSDT1.149-7.64%ARBUSD1.164-5.83%ARBUSDTM231.127+0.00%AVAXUSDT14.074-2.80%AVAXUSD14.138-2.66%AXSUSD6.89-2.96%BCHUSD113.55-0.66%BCHUSDT112.60-1.79%BLURUSDT0.3766-27.76%BLURUSD0.4688-6.24%BNBUSD307.10-1.50%BNBUSDT305.16-2.08%BOBUSD0.0000216-16.28%CROUSD0.05963-1.13%DOGEUSDT0.07162-1.13%DOGEUSD0.07174-0.91%DOTUSD5.318-2.44%DOTUSDT5.326-1.97%EOSUSD0.8943-1.99%FLOKIUSDT0.00003070-7.14%FLOKIUSD0.00003136-4.48%FLRUSD0.0235-4.47%GMTUSDT0.2519-4.22%GMTUSD0.2530-3.77%GMXUSD54.17-3.59%GMXUSDT55.55-0.09%KLAYUSD0.18570-4.02%LINKUSD6.491-1.95%LTCUSDT90.51-1.91%LTCUSD90.58-1.86%LUNAUSDT0.8309-4.68%LUNAUSD0.8314-3.28%MATICUSDT0.8932-0.85%NEARUSD1.574-2.66%ORDIUSD8.492-10.13%PEPEUSDT0.000001260-2.40%PEPEUSD0.000001264-2.62%RNDRUSD2.500-3.85%SOLUSDT20.82-1.98%SOLUSD20.84-1.98%SUIUSDT0.977-2.59%SUIUSD0.976-2.98%TURBOUSD0.000233-20.21%USDTUSDC1.0029+1.19%XRPUSDT0.5181-0.79%XRPUSD0.5178-0.73%XRPM230.00001858-1.75%Funding: 04:04:48 @ 0.0078%Time: 11:55:11 PM UTC
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TURBOUSD: Contract Specification
TURBOUSD is in the TURBO series.
The quote currency is USD (US Dollar).


TURBOUSD is a TURBO/USD perpetual contract priced on the .BTURBO Index. Each contract is worth 0.0100 XBT per $1 price, currently 0.00000231 XBT.

Funding is paid and received every 8 hours. The next payout event is at 4:00 AM UTC.

TURBOUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .TURBOBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .TURBOUSDPI8H 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 = 0.0100% + Clamp(0.0100% - 0.0100%, -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.TURBOBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.TURBOUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingJun 1, 2023, 4:00:00 AM
Predicted Rate0.0100%
Mark Price0.000231
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 Limit50 XBT
Risk Step50 XBT
Open Interest6,532
24H Turnover0.0166 XBT
Total Volume13,482
TypeSettled in XBT, quoted in USD
Contract Size0.0100 XBT per 1 USD (Currently 0.00000231 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.000001 USD
Minimum Trade Amount1 Cont
Max Price100
Max Order Quantity5,000,000
Lot Size1