XBTM23: Contract Specification

AllXBTUSDT28052.0+1.49%XBTUSD28231.5+2.34%XBTEUR26132.0+1.56%XBTUSDTM2329896.0+2.85%XBTUSDTH2328574.0+3.14%XBTUSDTU2330566.5+0.31%XBTH2328224.5+1.36%XBTZ2330516.0+0.00%XBTJ2328774.0+1.79%XBTM2329855.0+3.22%XBTU2320084.5+0.43%ETHUSDT1793.95+2.44%ETHXBT0.06269+0.93%ETHUSD1887.50+88.75%ETHUSD_ETH1000.00+0.00%ETHUSDTM231893.15+2.47%ETHUSDTH231838.00+4.46%ETHUSDH23_ETH1700.50+12.62%ETHH230.06428+0.85%ETHM230.06670+1.14%ETHUSDH231821.20+18.53%ETHYLDH235.000+0.00%ETHUSDM231389.20+0.00%BMEXUSDT90.444+0.00%BMEXUSD0.296-51.07%ADAUSDT0.3623-2.63%ADAUSD0.3619-3.34%ADAH230.00001292-4.15%ADAM230.00001355-4.64%APEUSDT4.169+4.17%APTUSDT12.801+1.02%APTUSD12.820+1.19%ARBUSDTM231.398-6.17%AVAXUSDT17.148-0.27%AVAXUSD17.217-0.34%AXSUSD8.47-0.12%BCHUSDT127.90+0.04%BCHUSD128.90+0.55%BLURUSDT0.5590-6.86%BLURUSD0.5589-6.90%BNBUSDT323.08-0.52%BNBUSD324.26+0.66%DOGEUSDT0.07533+0.37%DOGEUSD0.04306+0.00%DOTUSDT6.226+0.70%DOTUSD6.340+5.74%EOSUSD0.9448+2.23%FILUSDT5.88+2.80%FLRUSDT0.0319+1.27%FLRUSD0.0293-23.30%FLRUSDTH2328.1932-0.22%GMTUSDT0.4025+2.08%GMTUSD0.3164-21.70%GMXUSDT72.35-6.04%GMXUSD65.45+0.00%KLAYUSDT0.22779-0.19%KLAYUSD0.20044+10.65%LINKUSD7.071-3.27%LTCUSDT93.92+6.51%LTCUSD64.11-87.18%LUNAUSDT1.3092-6.49%LUNAUSD1.3180-39.62%MATICUSDT1.1204-0.14%NEARUSD1.679-22.77%SOLUSDT21.44-0.97%SOLUSD23.25+0.00%USDTUSDC1.0000+0.00%XRPUSDT0.4284-2.46%XRPUSD0.4500+1.51%XRPH230.00001538-6.33%XRPM230.00001636+0.00%Funding: 02:36:58 @ -0.1869%Time: 9:23:01 AM UTC

Information

XBTM23 is in the XBT (Bitcoin) series.

The expiry month code is M (June).

XBTM23 expires in 2023.

XBTM23 is a XBT/USD futures contract settling on the .BXBT30M Index. Each contract is worth 1 USD of Bitcoin.

Expiry: Jun 30, 2023, 12:00:00 PM, subject to Early Settlement.Maximum Initial Leverage: 100x
Maximum Maintenance Leverage: 285.71x

Ticker Root	XBTM23: June 2023 (See Month Codes Reference)
Expiry Date	Jun 30, 2023, 12:00:00 PM, subject to Early Settlement.
Initial Margin	1.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin	0.35% + Exit Taker Fee
Mark Price	28778.90
Auto-Deleveraging Enabled	Yes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark Method	FairPrice
Fair Basis	679.75
Fair Basis Rate	9%
Fair Basis Calculation	This instrument is marked using the Impact Mid Price method.
Risk Limit	75 XBT
Risk Step	75 XBT
Open Interest	9,200
24H Turnover	0.0266 XBT
Total Volume	3,516,500
Type	Settled in XBT, quoted in USD
Contract Size	1 USD (Currently 0.00003475 XBT per contract)
Settlement	This contract settles on the .BXBT30M Index value as of the Jun 30, 12:00 PM (12:00:00 PM UTC). Subject to Early Settlement.
Commission	See the Fees Reference for more details.
Minimum Price Increment	0.5 USD
Minimum Trade Amount	100 USD
Max Price	1,000,000
Max Order Quantity	10,000,000
Lot Size	100