GALUSD is a GAL/USD perpetual contract priced on the .BGAL Index. Each contract is worth 0.0001 XBT per $1 price, currently 0.00027297 XBT.
Funding is paid and received every 8 hours. The next payout event is at 8:00 PM UTC.
GALUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .GALBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .GALUSDPI8H 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.
Maximum Maintenance Leverage: 66.67x
More information about the funding rate is available in the Perpetuals Guide.
|Interest Base||Interest Quote||Premium|
I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day P = Premium Rate, F = Funding Rate
Funding Rateis the rate exchanged between users.
Premium Rateis used to calculate it, adjusted by the
Interest Rateby 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%) / 3F = 0.0100%F = 0.0100% + Clamp(0.0100% - 0.0100%, -0.05%, 0.05%)
Full Contract Details
|Expiry Date||Perpetual, subject to Early Settlement|
|Initial Margin||3.00% + Entry Taker Fee + Exit Taker Fee|
|Maint. Margin||1.50% + Exit Taker Fee + Funding Rate|
|Interest Base Symbol||.GALBON8H|
|Interest Quote Symbol||.USDBON8H|
|Funding Premium Symbol||.GALUSDPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Sep 27, 2022, 8:00:00 PM|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|Fair Basis Rate||10%|
|Fair Basis Calculation||The fair basis on this instrument is determined by an annualized calculation of the funding rate.|
|Risk Limit||50 XBT|
|Risk Step||50 XBT|
|24H Turnover||0.0851 XBT|
|Type||Settled in XBT, quoted in USD|
|Contract Size||0.0001 XBT per 1 USD (Currently 0.00027297 XBT per contract)|
|Settlement||This contract is perpetual and does not settle. Subject to Early Settlement.|
|Commission||See the Fees Reference for more details.|
|Minimum Price Increment||0.0001 USD|
|Minimum Trade Amount||1 Cont|
|Max Order Quantity||500,000|