Please note BitMEX does not support old browsers.
We recommend upgrading to the latest version of Opera, Firefox, or Chrome.
AllXBTUSDT16876.0-0.90%XBTUSD16814.0-0.80%XBTEUR15797.5-2.71%XBTUSDTH2317889.0-0.79%XBTUSDTZ2217025.0-0.95%XBTH2317866.5-0.77%XBTF2317278.5-0.12%XBTZ2217164.0+0.00%XBTM2318729.5+0.00%ADAUSDT0.3079-2.47%ADAUSD0.3085-2.50%ADAZ220.00001880-0.05%APEUSDT3.873-6.27%APTUSD4.770-4.06%APTUSDT--.-+0.00%APTUSDTZ2247.70+7.43%AVAXUSDT13.210-2.31%AVAXUSD13.216-2.23%AXSUSD8.48-5.57%BCHUSDT109.05-1.67%BCHUSD108.85-1.76%BMEXUSDT1.742-1.58%BMEXUSD1.738+0.29%BNBUSDT287.69-0.51%BNBUSD283.89-1.77%USDTBRL5.2236-0.35%DOGEUSDT0.09583-4.07%DOGEUSD0.09594-3.34%DOTUSDT5.271-3.43%DOTUSD5.252-3.77%EOSUSD0.9976+5.13%ETHUSDT1231.20-1.64%ETHXBT0.07429+2.06%ETHUSD1233.20-1.64%ETHUSD_ETH1000.00+0.00%ETHUSDTZ221246.40-1.90%ETHUSDZ221248.45-1.55%ETHZ220.07424-0.55%ETHUSDZ22_ETH1093.10+0.00%ETHYLDZ222.740+0.00%ETHPOWZ223.65-2.67%EURUSDT1.05175+0.38%EURUSD1.05196+0.39%FILUSDT4.34-5.03%GMTUSDT0.4119+1.13%GMTUSD0.4095+0.79%USDTINR82.187-0.36%KLAYUSDT0.17701-2.43%KLAYUSD0.17696-2.21%LINKUSD6.851-3.19%LTCUSDT76.83-2.48%LTCUSD77.03-4.10%LUNAUSDT1.5667-2.69%LUNAUSD1.5701-1.99%MATICUSDT0.8884-1.78%USDTMXN19.694-0.44%NEARUSD1.680-4.05%USDTSEK10.3754-0.30%USDTTRY18.6577+0.18%SOLUSDT13.61-2.58%SOLUSD13.56-3.69%XRPUSDT0.3826-1.90%XRPUSD0.3892+0.00%XRPZ220.00002307-0.73%USDTZAR17.1749-1.07%.BXBT16827.20-0.93%.BETH1231.37-1.71%.BVOL24H1.29+15.18%Funding: 06:55:39 @ 0.0100%Time: 9:04:20 PM UTC
USDTTRY: Contract Specification
USDTTRY
USDTTRY is in the USDT (Tether) series.
The quote currency is TRY (Turkish Lira).

Description

USDTTRY is a USDT/TRY perpetual contract priced on the .BUSDTTRY Index. Each contract is worth 1 TRY of Tether.

Funding is paid and received every 8 hours. The next payout event is at 4:00 AM UTC.

USDTTRY uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDTBON8H Index and .TRYBON8H Index, and the premium rate is quoted in the .USDTTRYPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0000%, and shorts will pay 0.0000% at 4:00 AM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 50x
Maximum Maintenance Leverage: 100x

View the BitMEX Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.USDTBON8H.TRYBON8H.USDTTRYPI8H
Rates0.06%0.06%0%

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 = 0.0000%
I = (0.06% - 0.06%) / 3
F = 0.0000%
F = 0.0000% + Clamp(0.0000% - 0.0000%, -0.05%, 0.05%)

Full Contract Details

Ticker RootUSDTTRY
Expiry DatePerpetual, subject to Early Settlement
Initial Margin2.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin1.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.USDTBON8H
Interest Quote Symbol.TRYBON8H
Funding Premium Symbol.USDTTRYPI8H
Funding Rate0.0000%
Funding Intervalevery 8 hours
Next FundingDec 8, 2022, 4:00:00 AM
Predicted Rate0.0000%
Mark Price18.6435
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate0%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit5,000 USDT
Risk Step5,000 USDT
Open Interest1,120
24H Turnover184.49 USDT
Total Volume347,180
TypeSettled in USDT, quoted in TRY
Contract Size1 TRY (Currently 0.053638 USDT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 TRY
Minimum Trade Amount10 TRY
Max Price10,000
Max Order Quantity500,000
Lot Size10