XBTUSD is a XBT/USD swap contract priced on the .XBT Index. Each contract is worth 1 USD of Bitcoin.
Funding is paid and received every 8 hours. The next payout event is at 8:00 PM GMT.
XBTUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XBTBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .XBTUSDPI8H Index. These are used to calculate the final funding rate.
Today, longs will pay 0.0111%, and shorts will receive 0.0111% at 8:00 PM GMT. BitMEX does not charge fees on funding payments.
More information about the funding rate is available in the Swaps 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 = 0.0111%I = (0.0448% - 0.0114%) / 3F = 0.0111%F = 0.0271% + Clamp(0.0111% - 0.0271%, -0.05%, 0.05%)
|Initial Margin||1.00% + Entry Taker Fee + Exit Taker Fee|
|Maint. Margin||0.50% + Exit Taker Fee + Funding Rate|
|Interest Base Symbol||.USDBON8H|
|Interest Quote Symbol||.USDBON8H|
|Funding Premium Symbol||.XBTUSDPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Mar 1, 2017, 8:00:00 PM|
|Predicted Funding Rate||0.1417%|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||12%|
|Fair Basis Calculation||The fair basis on this instrument is determined by an annualized calculation of the funding rate.|
|Risk Limit||200 XBT|
|Risk Step||100 XBT|
|24H Turnover||20,743.6315 XBT|
|Type||Settled in XBT, quoted in USD|
|Contract Size||1 USD per contract (Currently 0.0008 XBT per contract)|
|Settlement||This contract is perpetual and does not settle.|
|Commission||See the Fees Reference for more details.|
|Minimum Price Increment||0.01 USD|
|Max Order Quantity||10000000|