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AllXBTUSD42371.5-0.25%XBTEUR36131.5-0.33%XBTZ2142878.0-0.27%XBTH2243752.5-0.46%XBTV2142325.0-0.15%XBTEURZ2136690.0+0.05%AAVEUSDT274.75-3.39%ADAUSDT2.37114+5.96%ADAZ210.00005565+6.14%AXSUSDT65.288-4.63%ALTMEXUSD148.67-0.11%DEFIMEXUSD177.37-1.29%BCHUSD510.75+0.21%BCHZ210.011806-0.10%BNBUSDT348.43-1.56%DOGEUSDT0.20704-1.09%DOTUSDT30.0695-3.00%EOSUSDT3.9600-1.82%EOSZ210.00009350-1.02%ETHUSD2888.30-0.84%ETHUSDZ213572.00-1.85%ETHZ210.06848-0.68%FILUSDT61.08-3.90%LINKUSDT22.6120-1.61%LTCUSD150.84+1.11%LTCZ210.003508-0.20%LUNAUSD37.348+5.37%MATICUSDT1.1156-2.70%SOLUSDT137.999-1.61%SUSHIUSDT9.399-3.41%UNIUSDT19.308-2.07%SRMUSDT7.497-4.41%TRXUSDT0.09056-2.08%TRXZ210.0000021200-2.73%XRPUSD0.9352+0.19%XRPZ210.00002174-0.50%VETUSDT0.09084-2.79%XLMUSDT0.27485-1.79%.BXBT42408.71-0.24%.BETH2887.85-0.77%.BVOL24H3.85-20.62%Funding: 05:06:04 @ -0.0028%Time: 2:53:55 PM UTC
DOTUSDT: Contract Specification
DOTUSDT
DOTUSDT is in the DOT (Polkadot) series.
The quote currency is USDT (Tether).

Description

DOTUSDT is a DOT/USDT perpetual contract priced on the .BDOTT Index. Each contract is worth 0.0001 XBT per 1 USDT price, currently 0.00300203 XBT.

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

DOTUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .DOTBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .DOTUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 8:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 25x
Maximum Maintenance Leverage: 50x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.DOTBON8H.USDTBON8H.DOTUSDTPI8H
Rates0.03%0.06%0.0304%

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 = 0.0304% + Clamp(0.0100% - 0.0304%, -0.05%, 0.05%)

Full Contract Details

Ticker RootDOTUSDT
Expiry DatePerpetual, subject to Early Settlement
Initial Margin4.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.DOTBON8H
Interest Quote Symbol.USDTBON8H
Funding Premium Symbol.DOTUSDTPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingSep 25, 2021, 8:00:00 PM
Predicted Rate0.0100%
Mark Price30.02030
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.0019
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 Interest30,821
24H Turnover56.0459 XBT
Total Volume8,836,900
TypeSettled in XBT, quoted in USDT
Contract Size0.0001 XBT per 1 USDT (Currently 0.00300203 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0005 USDT
Minimum Trade Amount1 Cont
Max Price50,000
Max Order Quantity500,000
Lot Size1