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

AllXBTUSDT23000.0-4.72%XBTUSD23003.5-4.66%XBTEUR22497.0-4.85%XBTU2223055.5-4.86%XBTUSDTU2223110.0-1.70%XBTH2323415.0-4.68%XBTZ2223202.5-5.07%XBTQ2222865.0-5.58%XBTUSDTZ2222984.0+0.00%ADAUSDT0.5100-6.56%ADAUSD0.5107-5.67%ADAU220.00002212-1.69%APEUSDT6.855-8.16%APEUSD6.820-9.08%AVAXUSDT27.432-7.76%AVAXUSD27.300-7.18%AXSUSD17.26-9.16%ALTMEXTUSDT52.00-2.80%METAMEXTUSDT43.00-8.51%DEFIMEXTUSDT48.00-4.76%BCHUSDT134.75-7.77%BCHUSD135.05-8.00%BNBUSD315.79-3.74%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%DOGEUSDT0.06851-4.32%DOGEUSD0.06863-4.53%DOTUSDT8.703-6.89%DOTUSD8.740-5.83%EOSUSDT1.2415-2.85%EOSUSD1.1692-9.19%ETHUSDT1683.30-6.33%ETHUSD1685.95-6.24%ETHUSD_ETH1670.00-7.38%ETHUSDTU221656.25-7.86%ETHUSDU22_ETH1706.05-4.73%ETHUSDU221805.20-7.33%ETHU220.07298-1.67%ETHPOWZ2289.00-25.83%EURUSDT1.01871-0.04%EURUSD1.01997+0.16%EURTRY18.3006+0.00%FTMUSDT0.3549-8.53%GALUSDT3.4667-9.98%GALUSD3.3975-12.73%GMTUSDT0.9955+3.87%GMTUSD0.9692+0.81%USDINR79.000+0.00%USDTINR11.120+0.00%LINKUSDT8.300-3.51%LINKUSD8.384-2.47%LTCUSDT58.65-7.68%LTCUSD58.71-7.82%LUNAUSDT1.8634-13.05%LUNAUSD1.9579-8.91%MANAUSDT0.9997-9.03%MATICUSDT0.8771-6.70%USDMXN20.524+0.00%USDTMXN20.525+0.00%NEARUSDT5.167-7.95%NEARUSD5.239-8.09%NZDUSD0.62503+0.00%NZDUSDT0.62098+0.00%OPUSDT1.7004-14.06%OPUSD1.6988-14.88%SANDUSDT1.2675-7.93%USDSEK10.2659+0.00%USDTSEK10.2489+0.00%SOLUSDT40.11-6.61%SOLUSD40.21-6.60%USDTRY17.9931+0.00%USDTTRY17.9245+0.00%SHIBUSDT0.000011814-6.07%TRXUSDT0.06843-1.55%TRXUSD0.06838-3.47%XRPUSDT0.3608-5.87%XRPUSD0.3633-5.37%XRPU220.00001575-0.25%USDTZAR15.9673-5.38%USDZAR16.5542+0.00%.BXBT23026.23-4.61%.BETH1685.79-6.17%.BVOL24H2.22+8.29%Funding: 05:31:24 @ -0.0004%Time: 2:28:35 PM UTC
USDZAR: Contract Specification
USDZAR
USDZAR is in the USD (US Dollar) series.
The quote currency is ZAR (South African Rand).

Description

USDZAR is a USD/ZAR perpetual contract priced on the .BUSDZAR Index. Each contract is worth 0.0001 XBT per 1 ZAR price, currently 0.00165742 XBT.

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

USDZAR uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDBON8H Index and .ZARBON8H Index, and the premium rate is quoted in the .USDZARPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.5496%, and shorts will pay 0.5496% 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.USDBON8H.ZARBON8H.USDZARPI8H
Rates0.06%0.06%-0.5996%

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 = -0.5496%
F = -0.5996% + Clamp(0.0000% - -0.5996%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDZAR
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.ZARBON8H
Funding Premium Symbol.USDZARPI8H
Funding Rate-0.5496%
Funding Intervalevery 8 hours
Next FundingAug 9, 2022, 8:00:00 PM
Predicted Rate-0.4996%
Mark Price16.5742
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-0.0632
Fair Basis Rate-601%
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 Interest0
24H Turnover0.0000 XBT
Total Volume2
TypeSettled in XBT, quoted in ZAR
Contract Size0.0001 XBT per 1 ZAR (Currently 0.00165742 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 ZAR
Minimum Trade Amount1 Cont
Max Price10,000
Max Order Quantity500,000
Lot Size1