Now Live: Bitcoin- and Tether – Margined AiDOGE Listings

AiDOGE is now available for trading on BitMEX via two new listings - 1TAIDOGEUSD and 1TAIDOGEUSDT, with up to 50x leverage, making these contracts one of the highest max position sizes in the industry.

ArbDoge is an AI-powered meme coin that describes itself as an ‘experiment’ in the Arbitrum ecosystem. The project builds on the ultra-popular shiba inu meme, which is the same meme that drove tokens like Dogecoin and Shiba Inu to towering heights.

Please note that while AIDOGE is the coin, as it has such a small denomination, we are listing  1TAIDOGE at BitMEX, where 1T stands for1 trillion.

So 1 unit of 1TAIDOGE is equal to 1,000,000,000,000 AIDOGE (that’s twelve zeros)

1TAIDOGEUSD and 1TAIDOGEUSDT began tradingtoday, 16 May 2023 at 12:00 UTC. For more, read on.

If you haven’t yet signed up for a BitMEX account, you can do so here.

1TAIDOGEUSD AIDOGEUSD Quanto Contract Specs

As with all quanto contracts, the 1TAIDOGEUSD product has a fixed Bitcoin multiplier, regardless of the AIDOGE/USD price. This allows traders to long or short the AIDOGE/USD exchange rate without ever touching AIDOGE or USD.

Traders can post margin in XBT, and earn or lose in XBT as the AIDOGE/USD rate changes.

This quanto risk premium may be one of the factors that results in the 1TAIDOGEUSD swap trading at a premium/discount to the 1TAIDOGEUSD spot price.

For an explanation of the same concept, check out this blog post referencing ETHUSD.

Key Contract Details for the 1TAIDOGEUSD Listing:

• Symbol: 1TAIDOGEUSD

• Margin Currency: XBT

• Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)

• XBT Contract Value: 1TAIDOGEUSD Price * Bitcoin Multiplier (1,000,000,000,000 Sat / 1 USD)

• Underlying: .B1TAIDOGE

• Max Leverage: 50x

• Risk limit: 50 XBT

• Maker Fee: 0.02%

• Taker Fee: 0.075%

• Base Initial Margin: 2.00%

• Base Maintenance Margin: 1.00%

You will be able to trade the 1TAIDOGEUSD perpetual contract here, or check out the full contract specs here.

1TAIDOGEUSDT Linear Contract Specs

1TAIDOGEUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the AIDOGE token and trade it with leverage, without needing to have AIDOGE holdings.

Key Contract Details for the 1TAIDOGEUSDT Listing:

• Symbol: 1TAIDOGEUSDT

• Margin Currency: USDT

• Contract Size: 0.00001 1TAIDOGE

• Lot Size: 1

• Minimum Trade Amount: 0.00001 1TAIDOGE

• Underlying: .B1TAIDOGET

• Max Leverage: 33x

• Risk limit: 1,000,000 USDT

• Maker Fee: 0.02%

• Taker Fee: 0.075%

• Base Initial Margin: 3.00%

• Base Maintenance Margin: 1.50%

You will be able to trade the 1TAIDOGEUSDT perpetual contract here when the contract is live, or check out the full contract specs here.

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In the meantime, if you have any questions please contact Support.