Please note BitMEX does not support old browsers.
We recommend upgrading to the latest version of Opera, Firefox, or Chrome.

BitMEX trading is not available in your region

AllXBTUSDT16971.0+0.66%XBTUSD16968.5+0.60%XBTEUR16169.5-1.00%XBTUSDTZ2217171.5+0.51%XBTM2316629.5+0.18%XBTUSDTH2316989.5+1.07%XBTZ2216835.0+0.34%XBTH2316722.0+0.96%ADAUSDT0.3134-0.35%ADAUSD0.3143-0.19%ADAZ220.00001849-0.80%APEUSDT3.907-1.39%APTUSD4.637-0.77%APTUSDT4.680-0.30%AVAXUSDT13.000+1.74%AVAXUSD13.014+1.54%AXSUSD6.85-1.15%BCHUSDT110.15-2.09%BCHUSD110.50-1.69%BMEXUSDT0.535+0.19%BMEXUSD0.535-1.11%BNBUSDT292.45-2.08%BNBUSD291.65-1.71%USDTBRL5.3775+0.00%CROUSDT0.06410-0.97%CROUSD0.06500+0.11%DOGEUSDT0.10212-1.57%DOGEUSD0.10229-1.76%DOTUSDT5.328-1.06%DOTUSD5.380-0.20%EOSUSD0.9283-2.01%ETHUSDT1270.25-0.02%ETHUSD1271.15-0.02%ETHUSD_ETH1269.00+0.18%ETHUSDTZ221300.00+2.52%ETHUSDZ22_ETH1289.55-3.23%ETHUSDZ221320.10+1.20%ETHZ220.07485-0.85%ETHPOWZ224.00+0.00%EURUSD1.00008+0.51%EURUSDT0.99230+0.00%GMTUSDT0.3875+0.47%GMTUSD0.3848-1.38%USDTINR80.496+0.00%KLAYUSDT0.19058-0.79%KLAYUSD0.18800-3.09%LINKUSD7.674+2.94%LTCUSDT77.25-0.44%LTCUSD77.41-0.42%LUNAUSDT1.6040+0.65%LUNAUSD1.6000-0.03%MATICUSDT0.9232+4.54%USDTMXN20.000+0.00%NEARUSD1.708-0.58%USDTSEK11.0324+0.00%SOLUSDT13.59+0.89%SOLUSD13.60+1.04%USDTTRY17.8804+0.00%XRPUSDT0.4001-0.62%XRPUSD0.3976-1.09%XRPZ220.00002323-1.48%USDTZAR28.9800+0.00%.BXBT16963.09+0.42%.BETH1270.17-0.07%.BVOL24H2.24+7.69%Funding: 03:25:55 @ 0.0100%Time: 4:34:04 PM UTC
USDTINR: Contract Specification
USDTINR
USDTINR is in the USDT (Tether) series.
The quote currency is INR (Indian Rupee).

Description

USDTINR is a USDT/INR perpetual contract priced on the .BUSDTINR Index. Each contract is worth 1 INR of Tether.

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

USDTINR uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDTBON8H Index and .INRBON8H Index, and the premium rate is quoted in the .USDTINRPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.2222%, and shorts will receive 0.2222% 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.INRBON8H.USDTINRPI8H
Rates0.06%0.06%0.2722%

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 = 0.2222%
F = 0.2722% + Clamp(0.0000% - 0.2722%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDTINR
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.INRBON8H
Funding Premium Symbol.USDTINRPI8H
Funding Rate0.2222%
Funding Intervalevery 8 hours
Next FundingDec 1, 2022, 8:00:00 PM
Predicted Rate0.1722%
Mark Price81.2759
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0778
Fair Basis Rate243%
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 Interest9,960
24H Turnover0.00 USDT
Total Volume135,338,040
TypeSettled in USDT, quoted in INR
Contract Size1 INR (Currently 0.012304 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 INR
Minimum Trade Amount10 INR
Max Price100,000
Max Order Quantity50,000,000
Lot Size10