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AXSUSD: Contract Specification
AXSUSD
AXSUSD is in the AXS (Axie Infinity) series.
The quote currency is USD (US Dollar).

Description

AXSUSD is a AXS/USD perpetual contract priced on the .BAXS Index. Each contract is worth 0.001 mXBT per $1 price, currently 0.00000703 XBT.

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

AXSUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .AXSBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .AXSUSDPI8H 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
Symbols.AXSBON8H.USDBON8H.AXSUSDPI8H
Rates0.03%0.06%0.01%

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

Full Contract Details

Ticker RootAXSUSD
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.AXSBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.AXSUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingMay 30, 2023, 8:00:00 PM
Predicted Rate0.0100%
Mark Price7.030
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
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 Interest1,972
24H Turnover0.0030 XBT
Total Volume639,665
TypeSettled in XBT, quoted in USD
Contract Size0.001 mXBT per 1 USD (Currently 0.00000703 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.01 USD
Minimum Trade Amount1 Cont
Max Price1,000,000
Max Order Quantity1,000,000
Lot Size1