GALUSDT is a GAL/USDT perpetual contract priced on the .BGALT Index. Each contract has a value equal to its price in Tether.
Funding is paid and received every 8 hours. The next payout event is at 8:00 PM UTC.
GALUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .GALBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .GALUSDTPI8H 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||.USDTBON8H|
|Funding Premium Symbol||.GALUSDTPI8H|
|Funding Interval||every 8 hours|
|Next Funding||Oct 1, 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||1,000,000 USDT|
|Risk Step||1,000,000 USDT|
|24H Turnover||416.18 USDT|
|Type||Settled in USDT, quoted in USDT|
|Contract Size||0.001 GAL (Currently 0.002559 USDT 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 USDT|
|Minimum Trade Amount||1 GAL|
|Max Order Quantity||1,000,000,000|