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AllXBTUSDT24044.5-0.16%XBTUSD24054.5-0.15%XBTEUR23737.5+0.55%XBTU2224092.5-0.07%XBTQ2224066.0-0.16%XBTZ2224283.0+0.03%XBTH2324356.5-0.18%XBTUSDTU2224136.0-4.48%XBTUSDTZ2224500.0+0.00%ADAUSDT0.5672+2.12%ADAUSD0.5661+1.49%ADAU220.00002336+1.57%APEUSDT6.290-0.57%APEUSD6.295-0.77%AVAXUSDT28.260+2.16%AVAXUSD28.124+1.09%AXSUSD18.36+1.21%ALTMEXTUSDT54.00+0.00%DEFIMEXTUSDT50.00+0.00%METAMEXTUSDT44.00+0.00%BCHUSDT137.50+2.15%BCHUSD137.95+2.07%BNBUSDT317.26+0.07%BNBUSD318.05+0.36%USDBRL5.2306+0.00%USDTBRL39.0000+0.00%USDCHF0.94530+0.00%EURCHF0.97388+0.00%USDTCHF0.94347+0.00%USDCNH6.7800+0.00%USDTCNH6.7493+0.00%DOGEUSDT0.08648+14.17%DOGEUSD0.08660+13.95%DOTUSD8.914+0.85%DOTUSDT8.907+0.91%EOSUSDT1.2900+2.41%EOSUSD1.3017+2.83%ETHUSDT1907.45+0.60%ETHUSD1909.50+0.56%ETHUSD_ETH1901.05-0.38%ETHUSDTU221860.00-0.80%ETHUSDU22_ETH1863.60-6.01%ETHUSDU221990.80+0.83%ETHU220.07836+1.77%ETHUSDZ222100.00-0.99%ETHZ22--.-+0.00%ETHUSDZ22_ETH--.-+0.00%ETHUSDTZ22--.-+0.00%ETHPOWZ2260.00+0.00%EURUSD1.01707-0.39%EURTRY18.2350-1.31%EURUSDT1.02613+0.00%FTMUSDT0.3774-0.97%GALUSDT3.3173+0.51%GALUSD3.3441+0.64%GMTUSDT1.0870+7.78%GMTUSD1.0910+8.11%USDINR79.000+0.00%USDTINR11.120+0.00%LINKUSDT8.623-0.34%LINKUSD8.661-0.22%LTCUSDT61.30+0.08%LTCUSD61.39+0.08%LUNAUSDT2.0010-1.35%LUNAUSD1.9504-2.77%MANAUSDT1.0486-0.15%MATICUSDT0.9617+0.46%USDMXN19.950-0.24%USDTMXN19.830+0.00%NEARUSDT5.460-0.69%NEARUSD5.492-0.53%NZDUSD0.62956+0.00%NZDUSDT0.64105+0.00%OPUSDT1.5100+3.44%OPUSD1.5000+6.01%SANDUSDT1.3082-0.55%USDSEK10.0895+0.00%USDTSEK10.1300+0.00%SOLUSDT44.11+0.30%SOLUSD44.22+0.32%USDTTRY17.9099+0.60%USDTRY18.0258+0.72%SHIBUSDT0.000015892+2.04%TRXUSD0.06909+0.71%TRXUSDT0.06837-0.78%XRPUSD0.3773+2.06%XRPUSDT0.3762+2.26%XRPU220.00001557+1.90%USDZAR16.5542+0.00%USDTZAR16.5987+0.00%.BXBT24065.82-0.16%.BETH1908.88+0.59%.BVOL24H2.37-11.24%Funding: 07:33:17 @ 0.0100%Time: 12:26:42 PM UTC
USDTCNH: Contract Specification
USD
USDTCNH is in the USD (US Dollar) series.

Description

USDTCNH is a USDT/CNH perpetual contract priced on the .BUSDTCNH Index. Each contract is worth 1 CNH of Tether.

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

USDTCNH uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDTBON8H Index and .CNHBON8H Index, and the premium rate is quoted in the .USDTCNHPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0000%, and shorts will pay 0.0000% 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.USDTBON8H.CNHBON8H.USDTCNHPI8H
Rates0.06%0.06%0%

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 = 0.0000%
F = 0.0000% + Clamp(0.0000% - 0.0000%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDTCNH
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.USDTBON8H
Interest Quote Symbol.CNHBON8H
Funding Premium Symbol.USDTCNHPI8H
Funding Rate0.0000%
Funding Intervalevery 8 hours
Next FundingAug 16, 2022, 8:00:00 PM
Predicted Rate0.0000%
Mark Price6.8059
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate0%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit1,000,000 USDT
Risk Step1,000,000 USDT
Open Interest700
24H Turnover0.00 USDT
Total Volume2,120
TypeSettled in USDT, quoted in CNH
Contract Size1 CNH (Currently 0.146931 USDT 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 Amount10 CNH
Max Price10,000
Max Order Quantity50,000,000
Lot Size10