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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.
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 = 0.2222%F = 0.2722% + Clamp(0.0000% - 0.2722%, -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||.USDTBON8H|
|Interest Quote Symbol||.INRBON8H|
|Funding Premium Symbol||.USDTINRPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Dec 1, 2022, 8:00:00 PM|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||243%|
|Fair Basis Calculation||The fair basis on this instrument is determined by an annualized calculation of the funding rate.|
|Risk Limit||1,000,000 USDT|
|Risk Step||1,000,000 USDT|
|24H Turnover||0.00 USDT|
|Type||Settled in USDT, quoted in INR|
|Contract Size||1 INR (Currently 0.012304 USDT 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||10 INR|
|Max Order Quantity||50,000,000|