AllXBTUSD8647.0-5.89%XBTH208773.0-6.35%XBTM208931.5-6.34%ADAH200.00000555-4.15%BCHH200.03659-0.68%EOSH200.0004038-4.74%ETHUSD214.70-10.26%ETHH200.02482-5.05%LTCH200.006820-8.39%TRXH200.00000188+0.00%XRPUSD0.2271-5.69%XRPH200.00002606+0.31%.BXBT8642.08-5.86%.BETH214.49-10.21%.BVOL24H4.20+33.76%Funding: 00:46:24 @ 0.0120%Time: 3:13:35 AM
XRPUSD: Contract Specification
XRPUSD
The base currency is XRP.
The quote currency is USD.

Description

XRPUSD is a XRP/USD perpetual contract priced on the .BXRP Index. Each contract is worth 0.0002 XBT per $1 price, currently 0.00004536 XBT.

Funding is paid and received every 8 hours. The next payout event is at 4:00 AM UTC.

XRPUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XRPBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .XRPUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 4:00 AM UTC. BitMEX does not charge fees on funding payments.

Expiry: This instrument is perpetual and does not expire.

View the XRP Series Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.XRPBON8H.USDBON8H.XRPUSDPI8H
Rates0.03%0.06%0.0482%

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 = 0.0482% + Clamp(0.0100% - 0.0482%, -0.05%, 0.05%)

Full Contract Details

Ticker RootXRPUSD
Expiry DatePerpetual
Initial Margin2.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.XRPBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.XRPUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingFeb 27, 2020, 4:00:00 AM
Predicted Rate0.0100%
Mark Price0.22680
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
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 Interest29,553,261
24H Turnover5,755.2186 XBT
Total Volume2,687,910,835
TypeSettled in XBT, quoted in USD
Contract Size0.0002 XBT per 1 USD (Currently 0.00004536 XBT per contract)
SettlementThis contract is perpetual and does not settle.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 USD
Max Price1,000
Max Order Quantity100,000,000
Lot Size1