AllXBTUSD8889.5+2.46%XBTH209129.0+2.92%XBTM209246.0+2.90%XBT7D_D950.00275+605.13%XBT7D_U1050.00281-43.00%ADAH200.00000508+6.50%BCHH200.04038+7.45%EOSH200.0004530+3.17%ETHUSD171.90+5.11%ETHH200.01936+2.38%LTCH200.006955+4.74%TRXH200.00000203+3.57%XRPH200.00002716+2.88%.BXBT8893.38+2.61%.BETH171.66+5.16%.BVOL24H2.58+4.03%Funding: 01:15:50 @ 0.0510%Time: 6:44:09 PM
Factom Series (FCT) Guide

Factom is a company that builds decentralised blockchain software and aims to solve several issues currently inherent with the Bitcoin Blockchain such as high transaction costs. Factom provides active solutions for compliance, identity, transparent assets, and securities. The Factom currency is denominated by the currency code FCT. Further information about FCT and the Factom Project can be found here.

On BitMEX, the FCT derivative is in the form of a Futures Contract and allows traders to speculate on the future value of the Factom / Bitcoin (FCT/XBT) exchange rate. Traders need not have Factom to trade the futures contract as it only requires Bitcoin as margin.

How Are FCT Futures Quoted?

The FCT futures’ underlying is the FCT/XBT exchange rate on Poloniex as recorded in the .FCTXBT Index. The futures are quoted in Bitcoin and all margin and PNL calculations are denominated in Bitcoin.

Contract Calculations
Multiplier 1
XBT Contract Value Multiplier * Futures Price * 1 FCT
USD Contract Value XBT Contract Value * XBTUSD
PnL Calculation # Contracts * Multiplier * (Exit Price - Entry Price)

Traders who think that the price of FCT will rise will buy the futures contract. Conversely, traders who believe the price will drop will sell the futures contract.

Margin and Leverage

All margin is posted in Bitcoin, that means traders can go long or short this contract using only Bitcoin. The FCT futures contracts feature a leverage of up to 20x.

For example, to buy 10 Bitcoin worth of contracts, you will only require 0.5 Bitcoin of Initial Margin.


The FCT futures contracts settle on the .FCTXBT30M Index Price.

Trade Example

A trader wants to goes long 10 XBT of FCT futures contracts. FCT7D (the weekly FCT futures contract) trades at 0.0200 XBT. As the leverage is 20x, the trader only needs 0.5 XBT of margin for this trade.

The trader must buy 500 contracts: 10 XBT / (0.0200 XBT * 1).

A few days later, the price rises to 0.0250 XBT and the trader sells all their contracts.

The trader’s profit will be: 500 * 1 * (0.0250 - 0.0200) = 2.5 XBT