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AllXBTUSDT26472.0+0.81%XBTUSD26381.0+0.30%XBTEUR24604.0-0.45%XBTUSDTM2326783.5+0.16%XBTUSDTU2328035.5+0.31%XBTM2326752.0+0.28%XBTN23--.-+0.00%XBTU2326031.5+0.00%XBTZ2328659.0+0.00%XBTH24--.-+0.00%ETHUSDT1835.70-0.08%ETHUSD2154.30+231.43%ETHXBT0.04445-34.16%ETHUSD_ETH1836.90+0.00%ETHUSDTM231859.60-0.12%ETHM230.07042+0.79%ETHU230.07373+0.00%ETHUSDM231844.20+0.00%ETHUSDU23--.-+0.00%BMEXUSDT46.032+2.64%BMEXUSD3.000+395.87%ADAUSDT0.3202-0.53%ADAUSD0.3204-0.71%ADAM230.00001258+0.00%ADAU23--.-+0.00%1TAIDOGEUSD188.2+0.48%1TAIDOGEUSDT187.7+0.21%APEUSDT2.922+0.41%APTUSDT7.660+0.26%APTUSD7.695+0.75%ARBUSDTM231.146+1.06%AVAXUSDT13.808-0.93%AVAXUSD13.809-1.30%AXSUSD6.20-4.02%BCHUSDT111.25+0.27%BCHUSD111.30+0.27%BLURUSDT0.4173-0.31%BLURUSD0.4364+0.00%BNBUSDT259.84+0.50%BNBUSD614.00+0.00%BOBUSD0.0000217+0.00%DOGEUSDT0.06783+0.19%DOGEUSD0.06784-0.31%DOTUSDT5.012-0.14%DOTUSD5.014-0.22%EOSUSD0.8143-11.89%FILUSDT4.08-0.97%FLOKIUSDT0.00002680-0.41%FLOKIUSD0.00002586+0.00%FLRUSD0.0315-17.54%GMTUSDT0.2292+1.55%GMTUSD0.3601+0.00%GMXUSDT50.33-1.06%GMXUSD81.13+0.00%KLAYUSDT0.16378-0.97%KLAYUSD0.23928+32.09%LINKUSD5.891+0.00%LTCUSDT87.71-0.72%LTCUSD94.56-81.09%LUNAUSDT0.7544+0.87%LUNAUSD0.6900-68.39%MATICUSDT0.7838+2.58%NEARUSD2.084-4.14%ORDIUSD--.-+0.00%PEPEUSDT0.000001074+1.99%PEPEUSD--.-+0.00%RNDRUSD--.-+0.00%SOLUSDT19.51+0.00%SOLUSD20.79+0.00%SUIUSDT0.731-5.32%SUIUSD--.-+0.00%TURBOUSD--.-+0.00%USDTUSDC1.0000+0.00%XRPUSDT0.5314+2.07%XRPUSD0.8957+152.17%XRPM230.00002009+6.41%XRPU23--.-+0.00%Funding: 07:21:43 @ 0.0345%Time: 4:38:16 AM UTC
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USDTUSDC: Contract Specification
USDTUSDC is in the USDT (Tether) series.
The quote currency is USDC (USD Coin).


USDTUSDC is a USDT/USDC perpetual contract priced on the .BUSDTUSDC Index. Each contract is worth 0.0001 XBT per 1 USDC price, currently 0.00010000 XBT.

Funding is paid and received every 8 hours. The next payout event is at 12:00 PM UTC.

USDTUSDC uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .USDTBON8H Index and .USDCBON8H Index, and the premium rate is quoted in the .USDTUSDCPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.0000%, and shorts will pay 0.0000% at 12:00 PM UTC. BitMEX does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 10x
Maximum Maintenance Leverage: 20x

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

Full Contract Details

Expiry DatePerpetual, subject to Early Settlement
Initial Margin10.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin5.00% + Exit Taker Fee + Funding Rate
Interest Base Symbol.USDTBON8H
Interest Quote Symbol.USDCBON8H
Funding Premium Symbol.USDTUSDCPI8H
Funding Rate0.0000%
Funding Intervalevery 8 hours
Next FundingJun 9, 2023, 12:00:00 PM
Predicted Rate0.0000%
Mark Price1.0000
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 Limit50 XBT
Risk Step50 XBT
Open Interest10,113
24H Turnover0.0000 XBT
Total Volume12,683
TypeSettled in XBT, quoted in USDC
Contract Size0.0001 XBT per 1 USDC (Currently 0.00010000 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0001 USDC
Minimum Trade Amount1 Cont
Max Price1,000
Max Order Quantity100,000,000
Lot Size1