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AllXBTUSDT23002.5-4.76%XBTUSD23010.5-4.70%XBTEUR22521.5-4.73%XBTU2223062.0-4.86%XBTUSDTU2223110.0-1.70%XBTH2323415.0-4.68%XBTZ2223202.5-5.07%XBTQ2222865.0-5.58%XBTUSDTZ2222984.0+0.00%ADAUSDT0.5100-6.56%ADAUSD0.5105-5.71%ADAU220.00002213-1.64%APEUSDT6.855-8.16%APEUSD6.820-9.08%AVAXUSDT27.463-7.65%AVAXUSD27.300-7.27%AXSUSD17.26-9.16%ALTMEXTUSDT52.00-2.80%METAMEXTUSDT43.00-8.51%DEFIMEXTUSDT48.00-4.76%BCHUSDT134.65-7.77%BCHUSD134.95-8.01%BNBUSD315.77-3.78%BNBUSDT316.94-4.45%USDBRL5.1948+0.12%USDTBRL39.0000+0.00%EURCHF0.01000-98.98%USDCHF0.96603+0.00%USDTCHF0.96603+0.00%USDCNH6.7800-0.15%USDTCNH6.7278+0.00%DOGEUSDT0.06853-4.34%DOGEUSD0.06855-4.50%DOTUSDT8.703-6.89%DOTUSD8.748-5.68%EOSUSDT1.2415-2.44%EOSUSD1.1692-9.19%ETHUSDT1684.40-6.34%ETHUSD1687.35-6.32%ETHUSD_ETH1670.00-7.38%ETHUSDTU221656.25-7.86%ETHUSDU22_ETH1706.05-4.73%ETHUSDU221805.20-7.33%ETHU220.07298-1.67%ETHPOWZ2289.00-25.83%EURUSDT1.01871-0.04%EURUSD1.01997+0.16%EURTRY18.3006+0.00%FTMUSDT0.3549-8.53%GALUSDT3.4667-9.98%GALUSD3.3975-12.73%GMTUSDT0.9649+0.68%GMTUSD0.9695+0.84%USDINR79.000+0.00%USDTINR11.120+0.00%LINKUSDT8.300-3.51%LINKUSD8.384-2.85%LTCUSDT58.68-7.79%LTCUSD58.76-7.81%LUNAUSDT1.8634-13.05%LUNAUSD1.9579-8.91%MANAUSDT1.0142-7.71%MATICUSDT0.8794-6.39%USDMXN20.524+0.00%USDTMXN20.525+0.00%NEARUSDT5.167-7.95%NEARUSD5.239-8.09%NZDUSD0.62503+0.00%NZDUSDT0.62098+0.00%OPUSDT1.7008-14.04%OPUSD1.6988-14.59%SANDUSDT1.2675-7.93%USDSEK10.2659+0.00%USDTSEK10.2489+0.00%SOLUSDT40.11-6.72%SOLUSD40.22-6.66%USDTRY17.9931+0.00%USDTTRY17.9245+0.00%SHIBUSDT0.000011814-6.07%TRXUSDT0.06843-1.55%TRXUSD0.06838-3.47%XRPUSDT0.3608-5.87%XRPUSD0.3631-5.39%XRPU220.00001575-0.25%USDTZAR15.9673-5.38%USDZAR16.5542+0.00%.BXBT23032.32-4.67%.BETH1686.24-6.26%.BVOL24H2.22+8.29%Funding: 05:27:15 @ -0.0004%Time: 2:32:44 PM UTC
USDCNH: Contract Specification
USDCNH
USDCNH is in the USD (US Dollar) series.
The quote currency is CNH (Chinese Renminbi).

Description

USDCNH is a USD/CNH perpetual contract priced on the .BUSDCNH Index. Each contract is worth 0.0001 XBT per 1 CNH price, currently 0.00067284 XBT.

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

USDCNH uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDBON8H Index and .CNHBON8H Index, and the premium rate is quoted in the .USDCNHPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.5496%, and shorts will pay 0.5496% at 8:00 PM 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
Symbols.USDBON8H.CNHBON8H.USDCNHPI8H
Rates0.06%0.06%-0.5996%

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 = 0.0000%
I = (0.06% - 0.06%) / 3
F = -0.5496%
F = -0.5996% + Clamp(0.0000% - -0.5996%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDCNH
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.USDBON8H
Interest Quote Symbol.CNHBON8H
Funding Premium Symbol.USDCNHPI8H
Funding Rate-0.5496%
Funding Intervalevery 8 hours
Next FundingAug 9, 2022, 8:00:00 PM
Predicted Rate-0.4996%
Mark Price6.7284
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-0.0254
Fair Basis Rate-601%
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 Interest102
24H Turnover0.0678 XBT
Total Volume102
TypeSettled in XBT, quoted in CNH
Contract Size0.0001 XBT per 1 CNH (Currently 0.00067284 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 CNH
Minimum Trade Amount1 Cont
Max Price10,000
Max Order Quantity500,000
Lot Size1