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AllXBTUSD60697.0-2.37%XBTEUR52200.0-2.41%XBTZ2162057.0-2.52%XBTH2264261.5-2.52%XBTV2161116.5-2.40%XBTEURZ2154591.0-2.43%AAVEUSDT309.30+3.06%ADAUSD2.1707-2.24%ADAZ210.00003573+0.00%AVAXUSD57.733+0.92%AXSUSDT124.723+0.25%ALTMEXUSD173.06-0.75%DEFIMEXUSD210.63+0.24%BCHUSD623.10-1.41%BCHZ210.010220+0.26%BNBUSD463.50-1.71%DOGEUSD0.23645-1.14%DOTUSD42.549-2.59%EOSUSDT4.5575-1.95%EOSZ210.00007490+0.69%ETHUSD3861.95+0.09%ETHUSDZ214565.30+0.58%ETHZ210.06369+2.00%LINKUSDT27.3590+0.22%LTCUSD186.85-1.79%LTCZ210.003087-0.10%LUNAUSD36.398-2.18%MATICUSDT1.5297-4.44%SOLUSDT161.509+1.14%SUSHIUSDT11.289+2.47%UNIUSDT26.507+1.20%SRMUSDT7.327-2.02%TRXUSDT0.09899-0.44%TRXZ210.0000016173+1.72%XRPUSD1.1323-1.07%XRPZ210.00001851+0.49%VETUSDT0.11896-0.60%XLMUSDT0.38906+3.76%.BXBT60666.65-2.38%.BETH3855.97-0.02%.BVOL24H2.52-28.61%Funding: 06:01:40 @ 0.0188%Time: 5:58:19 AM UTC
XLMUSDT: Contract Specification
XLMUSDT
XLMUSDT is in the XLM (Stellar) series.
The quote currency is USDT (Tether).

Description

XLMUSDT is a XLM/USDT perpetual contract priced on the .BXLMT Index. Each contract is worth 0.0010 XBT per 1 USDT price, currently 0.00038888 XBT.

Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.

XLMUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XLMBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .XLMUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 20x
Maximum Maintenance Leverage: 40x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

More information about the funding rate is available in the Perpetuals Guide.

Interest BaseInterest QuotePremium
Symbols.XLMBON8H.USDTBON8H.XLMUSDTPI8H
Rates0.03%0.06%0.0581%

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 = 0.0100%
F = 0.0581% + Clamp(0.0100% - 0.0581%, -0.05%, 0.05%)

Full Contract Details

Ticker RootXLMUSDT
Expiry DatePerpetual, subject to Early Settlement
Initial Margin5.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.XLMBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.XLMUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingOct 17, 2021, 12:00:00 PM
Predicted Rate0.0265%
Mark Price0.388880
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.00003
Fair Basis Rate10%
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 Interest128,812
24H Turnover57.5297 XBT
Total Volume18,182,558
TypeSettled in XBT, quoted in USDT
Contract Size0.0010 XBT per 1 USDT (Currently 0.00038888 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.00001 USDT
Minimum Trade Amount1 Cont
Max Price1,000
Max Order Quantity500,000
Lot Size1