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AllXBTUSDT27841.0+0.02%XBTUSD27811.0+0.31%XBTEUR25693.5-1.41%XBTUSDTM2328377.5-0.03%XBTUSDTU2329798.5+0.23%XBTM2328120.0-1.18%XBTU2329615.0+2.13%XBTZ2328659.0+0.00%ETHUSDT1908.60+0.47%ETHUSD1904.40-0.86%ETHUSD_ETH1914.10-0.63%ETHXBT0.04445-34.16%ETHUSDTM231941.65+0.47%ETHM230.06967+0.68%ETHUSDM231843.75+0.00%BMEXUSDT52.271+1.01%BMEXUSD3.000+395.87%ADAUSDT0.3805+0.37%ADAUSD0.3813+0.58%ADAM230.00001385+0.36%1TAIDOGEUSD293.1-3.68%1TAIDOGEUSDT292.8-3.84%APEUSDT3.216-1.53%APTUSDT8.500+0.37%APTUSD8.547+0.90%ARBUSDTM231.255-1.49%AVAXUSDT14.605-0.42%AVAXUSD14.610-0.54%AXSUSD7.11-0.56%BCHUSDT115.10-1.88%BCHUSD115.20-1.50%BLURUSDT0.5113-1.71%BLURUSD0.5114-1.50%BNBUSDT312.71-1.11%BNBUSD313.29-0.95%BOBUSD0.0000310-4.02%DOGEUSDT0.07299-0.41%DOGEUSD0.07310-0.25%DOTUSDT5.484+0.16%DOTUSD5.488+0.24%EOSUSD0.8210-11.17%FILUSDT4.81+3.44%FLOKIUSDT0.00003315-0.78%FLOKIUSD0.00003000+0.00%FLRUSD0.0315-17.54%GMTUSDT0.2653-1.38%GMTUSD0.3601-10.89%GMXUSDT56.92+1.82%GMXUSD81.13+0.00%KLAYUSDT0.19168+0.58%KLAYUSD0.23928+32.09%LINKUSD6.478-11.38%LTCUSDT92.70+1.09%LTCUSD10.00-98.00%LUNAUSDT0.8644-1.11%LUNAUSD1.2545-42.53%MATICUSDT0.9096-1.92%NEARUSD2.084-4.14%ORDIUSD--.-+0.00%PEPEUSDT0.000001367-6.05%PEPEUSD--.-+0.00%RNDRUSD--.-+0.00%SOLUSDT21.34+3.14%SOLUSD20.79+0.00%SUIUSDT1.027-4.64%SUIUSD--.-+0.00%TURBOUSD--.-+0.00%USDTUSDC1.0000+0.00%XRPUSDT0.5047+5.19%XRPUSD0.4803+35.22%XRPM230.00001821+3.82%Funding: 06:36:44 @ 0.0100%Time: 1:23:15 PM UTC
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AVAXUSD: Contract Specification
AVAXUSD is in the AVAX (Avalanche) series.
The quote currency is USD (US Dollar).


AVAXUSD is a AVAX/USD perpetual contract priced on the .BAVAX Index. Each contract is worth 0.010 mXBT per $1 price, currently 0.00014671 XBT.

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

AVAXUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .AVAXBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .AVAXUSDPI8H 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: 20x
Maximum Maintenance Leverage: 40x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium

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%.


I = (Q - B) / T
F = P + Clamp(I - P, -0.05%, 0.05%)


I = 0.0100%
I = (0.06% - 0.03%) / 3
F = 0.0100%
F = 0.0100% + Clamp(0.0100% - 0.0100%, -0.05%, 0.05%)

Full Contract Details

Ticker RootAVAXUSD
Expiry DatePerpetual, subject to Early Settlement
Initial Margin5.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.50% + Exit Taker Fee + Funding Rate
Interest Base Symbol.AVAXBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.AVAXUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingMay 30, 2023, 8:00:00 PM
Predicted Rate0.0100%
Mark Price14.6710
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0.001
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 Interest676
24H Turnover0.0650 XBT
Total Volume394,926
TypeSettled in XBT, quoted in USD
Contract Size0.010 mXBT per 1 USD (Currently 0.00014671 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.001 USD
Minimum Trade Amount1 Cont
Max Price100,000
Max Order Quantity500,000
Lot Size1