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AllXBTUSDT23030.5-4.69%XBTUSD23035.5-4.65%XBTEUR22532.0-4.68%XBTU2223101.5-4.70%XBTUSDTU2223110.0-1.70%XBTH2323415.0-4.68%XBTZ2223270.0-4.80%XBTQ2222865.0-5.58%XBTUSDTZ2222984.0+0.00%ADAUSDT0.5100-6.56%ADAUSD0.5114-5.37%ADAU220.00002213-1.64%APEUSDT6.855-8.16%APEUSD6.820-9.08%AVAXUSDT27.463-6.45%AVAXUSD27.591-6.28%AXSUSD17.26-9.16%ALTMEXTUSDT52.00-2.80%METAMEXTUSDT43.00-8.51%DEFIMEXTUSDT48.00-4.76%BCHUSDT135.00-7.50%BCHUSD135.35-7.74%BNBUSD315.61-3.76%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%DOGEUSDT0.06854-4.03%DOGEUSD0.06859-4.24%DOTUSDT8.703-6.89%DOTUSD8.737-5.88%EOSUSDT1.2415-2.44%EOSUSD1.1739-8.30%ETHUSDT1683.75-6.32%ETHUSD1686.05-6.31%ETHUSD_ETH1690.45-6.24%ETHUSDTU221666.00-7.32%ETHUSDU22_ETH1706.05-4.73%ETHUSDU221805.10-7.34%ETHU220.07299-1.66%ETHPOWZ2289.00-25.83%EURUSDT1.01871-0.04%EURUSD1.01997+0.16%EURTRY18.3006+0.00%FTMUSDT0.3566-8.09%GALUSDT3.4667-9.93%GALUSD3.3975-12.73%GMTUSDT0.9649+0.68%GMTUSD0.9705+0.95%USDINR79.000+0.00%USDTINR11.120+0.00%LINKUSDT8.300-3.51%LINKUSD8.408-2.22%LTCUSDT58.81-7.50%LTCUSD58.89-7.54%LUNAUSDT1.8634-13.05%LUNAUSD1.9579-8.91%MANAUSDT1.0162-7.53%MATICUSDT0.8802-6.13%USDMXN20.524+0.00%USDTMXN20.525+0.00%NEARUSDT5.167-7.95%NEARUSD5.241-8.05%NZDUSD0.62503+0.00%NZDUSDT0.62098+0.00%OPUSDT1.7008-14.55%OPUSD1.6866-15.20%SANDUSDT1.2675-7.93%USDSEK10.2659+0.00%USDTSEK10.2489+0.00%SOLUSDT40.11-6.68%SOLUSD40.22-6.62%USDTRY17.9931+0.00%USDTTRY17.9245+0.00%SHIBUSDT0.000011814-5.95%TRXUSDT0.06843-1.55%TRXUSD0.06838-3.47%XRPUSDT0.3608-5.87%XRPUSD0.3633-5.39%XRPU220.00001572-0.44%USDTZAR15.9673-5.38%USDZAR16.5542+0.00%.BXBT23055.67-4.57%.BETH1685.31-6.26%.BVOL24H2.21+7.80%Funding: 05:17:03 @ -0.0004%Time: 2:42:56 PM UTC
USDMXN: Contract Specification
USDMXN is in the USD (US Dollar) series.
The quote currency is MXN (Mexican Peso).


USDMXN is a USD/MXN perpetual contract priced on the .BUSDMXN Index. Each contract is worth 0.0001 XBT per 1 MXN price, currently 0.00203312 XBT.

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

USDMXN uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDBON8H Index and .MXNBON8H Index, and the premium rate is quoted in the .USDMXNPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.4738%, and shorts will receive 0.4738% 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

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 = 0.0000%
I = (0.06% - 0.06%) / 3
F = 0.4738%
F = 0.5238% + Clamp(0.0000% - 0.5238%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDMXN
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.MXNBON8H
Funding Premium Symbol.USDMXNPI8H
Funding Rate0.4738%
Funding Intervalevery 8 hours
Next FundingAug 9, 2022, 8:00:00 PM
Predicted Rate0.4238%
Mark Price20.3312
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0636
Fair Basis Rate518%
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 Interest462
24H Turnover0.4043 XBT
Total Volume734
TypeSettled in XBT, quoted in MXN
Contract Size0.0001 XBT per 1 MXN (Currently 0.00203312 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 MXN
Minimum Trade Amount1 Cont
Max Price100,000
Max Order Quantity500,000
Lot Size1