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XRPM23: Contract Specification
XRPM23
XRPM23 is in the XRP (Ripple) series.
The expiry month code is M (June).
XRPM23 expires in 2023.

Description

XRPM23 is a XRP/XBT futures contract settling on the .BXRPXBT30M Index. Each contract has a value equal to its price in Bitcoin.

Expiry: Jun 30, 2023, 12:00:00 PM, subject to Early Settlement.Maximum Initial Leverage: 20x
Maximum Maintenance Leverage: 40x

View the BitMEX Futures Contracts Guide

Full Contract Details

Ticker RootXRPM23: June 2023 (See Month Codes Reference)
Expiry DateJun 30, 2023, 12:00:00 PM, subject to Early Settlement.
Initial Margin5.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin2.50% + Exit Taker Fee
Mark Price0.00001984
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis0
Fair Basis Rate0%
Fair Basis CalculationThis instrument is marked using the Impact Mid Price method.
Risk Limit50 XBT
Risk Step75 XBT
Open Interest845,000
24H Turnover0.1053 XBT
Total Volume7,179,000
TypeSettled in XBT, quoted in XBT
Contract Size0.01 XRP (Currently 0.00000020 XBT per contract)
SettlementThis contract settles on the .BXRPXBT30M Index value as of the Jun 30, 12:00 PM (12:00:00 PM UTC). Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment1e-8 XBT
Minimum Trade Amount10 XRP
Max Price1
Max Order Quantity1,000,000,000
Lot Size1,000