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USDINR is a USD/INR perpetual contract priced on the .BUSDINR Index. Each contract is worth 0.0001 XBT per 1 INR price, currently 0.00791677 XBT.
Funding is paid and received every 8 hours. The next payout event is at 8:00 PM UTC.
USDINR uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDBON8H Index and .INRBON8H Index, and the premium rate is quoted in the .USDINRPI8H Index. These are used to calculate the final funding rate.
Today, longs will receive 0.5456%, and shorts will pay 0.5456% at 8:00 PM UTC. BitMEX does not charge fees on funding payments.
Maximum Maintenance Leverage: 100x
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 = 0.0000%I = (0.06% - 0.06%) / 3F = -0.5456%F = -0.5956% + Clamp(0.0000% - -0.5956%, -0.05%, 0.05%)
Full Contract Details
|Expiry Date||Perpetual, subject to Early Settlement|
|Initial Margin||2.00% + Entry Taker Fee + Exit Taker Fee|
|Maint. Margin||1.00% + Exit Taker Fee + Funding Rate|
|Interest Base Symbol||.USDBON8H|
|Interest Quote Symbol||.INRBON8H|
|Funding Premium Symbol||.USDINRPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Aug 9, 2022, 8:00:00 PM|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||-597%|
|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||0.0000 XBT|
|Type||Settled in XBT, quoted in INR|
|Contract Size||0.0001 XBT per 1 INR (Currently 0.00791677 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 INR|
|Minimum Trade Amount||1 Cont|
|Max Order Quantity||500,000|