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AllXBTUSD37905.5-6.02%XBTEUR32182.5-6.01%XBTU2138165.0-6.11%XBTZ2139070.5-6.34%XBTEURU2132285.0-6.54%AAVEUSDT292.61-12.96%ADAUSDT1.24932-8.95%ADAU210.00003201-2.41%DEFIMEXUSD98.83-7.79%ALTMEXUSD96.46-8.76%BCHUSD494.15-4.35%BCHU210.012905+1.08%BNBUSDT307.73-5.09%DOGEUSDT0.20163-11.07%DOTUSDT13.7985-9.64%EOSUSDT3.6975-7.39%EOSU210.00009475-0.94%ETHUSD2236.85-7.56%ETHUSDU212495.00-8.45%ETHU210.05881-2.16%FILUSDT48.02-7.35%LINKUSDT18.7740-5.49%LTCUSD133.20-4.76%LTCU210.003460+1.05%MATICUSDT1.0095-10.35%SOLUSDT27.507-10.92%SUSHIUSDT7.815-15.76%UNIUSDT18.230-9.83%TRXUSDT0.05891-6.92%TRXU210.0000014999-1.34%XRPUSD0.6325-6.07%XRPU210.00001634+0.12%VETUSDT0.08048-9.85%XLMUSDT0.26107-6.16%.BXBT37901.54-6.41%.BETH2233.73-8.15%.BVOL24H5.73-27.74%Funding: 00:33:06 @ -0.0406%Time: 7:26:53 PM UTC
XBTEUR: Contract Specification
XBTEUR
XBTEUR is in the XBT (Bitcoin) series.
The quote currency is EUR (Euro).

Description

XBTEUR is a XBT/EUR perpetual contract priced on the .BXBTEUR Index. Each contract is worth 1 EUR of Bitcoin.

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

XBTEUR uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XBTBON8H Index and .EURBON8H Index, and the premium rate is quoted in the .XBTEURPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0989%, and shorts will pay 0.0989% 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.XBTBON8H.EURBON8H.XBTEURPI8H
Rates0.03%0.06%-0.1489%

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 = 0.0100%
I = (0.06% - 0.03%) / 3
F = -0.0989%
F = -0.1489% + Clamp(0.0100% - -0.1489%, -0.05%, 0.05%)

Full Contract Details

Ticker RootXBTEUR
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.XBTBON8H
Interest Quote Symbol.EURBON8H
Funding Premium Symbol.XBTEURPI8H
Funding Rate-0.0989%
Funding Intervalevery 8 hours
Next FundingJul 27, 2021, 8:00:00 PM
Predicted Rate-0.0788%
Mark Price32142.81
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis-2.25
Fair Basis Rate-108%
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 Interest2,685,200
24H Turnover176.6874 XBT
Total Volume253,360,900
TypeSettled in XBT, quoted in EUR
Contract Size1 EUR (Currently 0.00003111 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.5 EUR
Max Price1,000,000
Max Order Quantity10,000,000
Lot Size100