Coming Soon: Trade Oil - WTIUSDT Perpetual Swaps Listing With Up to 25x Leverage

A new perp listing for WTI (West Texas Intermediate Crude Oil) - WTIUSDT – will soon be available to trade on BitMEX, with up to 25x leverage.

Trading will start here at 04:00 UTC on 24 March 2026.

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,050 in Trading Credits for verified users- you can register here.

WTIUSDT Contract Specs

WTIUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the WTI crude oil and trade it with leverage, without needing to have any West Texas Intermediate oil holdings.

Key contract details for our WTI listing:

• Symbol: WTIUSDT

• Margin Currency: USDT

• Contract Size: 0.1 WTI

• Lot Size: 1

• Minimum Trade Amount: 0.1 WTI 

• Underlying: .BWTIT

• Max Leverage: 25x

• Maker Fee: 0.05%

• Taker Fee: 0.05%

• Base Initial Margin: 4.00%

• Base Maintenance Margin: 2.00%

You can trade the WTIUSDT perpetual contract here, or refer to the full contract specs here.

About WTI, West Texas Intermediate Crude Oil

West Texas Intermediate (WTI) is a high-quality, light, and sweet American crude oil that serves as the primary US pricing benchmark. Our WTIUSDT Perp is a synthetic derivative that allows you access leveraged exposure to WTI crude oil prices as traded on traditional markets directly on BitMEX. Like other perpetual swaps, it never expires, trades 24/7, with up to 25x leverage, and settles in USDT (Tether).

The index price of the WTIUSDT on BitMEX is constructed using oracles that track traditional markets. When traditional markets are open, the majority of the index price is provided by oracles (Pyth and Chainlink), with the remainder made up of the median of the bid, ask and last prices of the WTIUSDT contract on BitMEX. In particular, the source price from Pyth is referenced to the front contract of the WTI futures traded on traditional markets, which is subject to rolling before its delivery date. The source price from Chainlink is referenced closer to the WTI spot price.

When traditional markets are closed, the index price will be the median of the bid, ask, and last prices on the WTIUSDT contract on BitMEX: in this case a 2% hourly price band is applied. 

Like every swap on BitMEX, funding is exchanged between longs and shorts every 8 hours.  Like other TradFi markets on BitMEX, the funding bias is neutral, meaning that if Mark Price is in line with the Index, neither side pays a funding fee.  This differs from most venues which naturally force long positions to pay a funding “tax”.

Click here to learn more about the mark method applied to this contract.

How is WTI traded in traditional markets?

As a Hedging Tool: Because WTI is highly sensitive to geopolitical events, OPEC decisions, and U.S. inventory reports (EIA report), it is used by oil producers and consumers to hedge against price volatility.

As an Indicator of Global Economy: Due to its integral role in transport, manufacturing, and petrochemical production, WTI price trends help investors assess the strength of the global economy.

Speculative Opportunities: The high volatility of WTI, driven by factors like U.S. shale production and storage constraints, offers significant profit potential for speculative traders (especially through swaps).

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