Now Live: Tether-Margined SEI Perpetual Swap Contract

In addition to our already live futures contract ( SEIUSDTQ23), BitMEX users are now able to trade SEI perpetual swap contract (SEIUSDT), with up to 33x leverage.

Sei Network (SEI) isa layer 1 blockchain with a built-in central limit order book.SEIUSDT is available to trade here.

For a deeper look at our SEI listing, read on.

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

About the SEI Token and Network

Sei Network (SEI) is a layer one blockchain, optimised for trading applications across DeFi, NFT, and gaming. It has a transactional throughput of 20,000 orders per second and a transaction finality of 500ms. The goal of the Sei Network is to enable high-frequency trading with off-chain speed, without compromising on-chain security.

SEI Linear Perpetual Swap Contract Specs

SEIUSDT is a linear perpetual swap contract, margined in USDT (ERC-20) with up to 33x leverage.

SEIUSDT contract details:

• Symbol: SEIUSDT

• Margin Currency: USDT

• Contract Size: 1 SEI

• Lot Size: 10

• Minimum Trade Amount: 10 SEI

• Underlying: .BSEIT

• 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%

Users are now able to trade the SEIUSDT perpetual contract here, or check out the full contract specs here.

If you don’t have a BitMEX account yet, you can register here to create one. Currently, new joiners can earn up to 10,000 BMEX Tokens.

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