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AllXBTUSDT39691.0+4.48%XBTUSD39698.5+4.48%XBTEUR37444.0+3.62%XBTUSDTM2239800.0+4.06%XBTUSDTU2240366.5+5.01%XBTM2239909.0+4.91%XBTU2240324.5+4.80%XBTK2239768.5+4.68%XBTZ2240560.5+4.61%ADAUSDT0.8764+12.85%ADAUSD0.8747+12.36%ADAM220.00002200+7.32%APEUSDT16.440+17.30%AVAXUSDT67.958+14.93%AVAXUSD68.140+14.85%AXSUSD33.80+18.51%DEFIMEXTUSDT91.30+10.65%METAMEXTUSDT77.19+9.27%ALTMEXTUSDT98.20+9.51%BCHUSDT302.55+7.27%BCHUSD300.50+6.35%BNBUSDT402.14+4.32%BNBUSD402.30+4.66%DOGEUSDT0.13576+4.94%DOGEUSD0.13589+5.12%DOTUSDT16.262+8.62%DOTUSD16.312+8.97%EOSUSDT2.2169+9.04%EOSUSD2.2300+8.00%ETHUSDT2938.35+5.31%ETHUSD2942.95+5.33%ETHUSDTM222955.35+4.93%ETHUSDM223041.00+5.09%ETHM220.07415+0.83%FTMUSDT0.8686+13.71%GMTUSDT3.3500+0.30%GMTUSD3.3574+0.16%LINKUSDT11.455+2.45%LINKUSD12.083+8.13%LTCUSDT106.02+6.30%LTCUSD106.31+6.49%LUNAUSDT86.427+4.17%LUNAUSD87.102+4.84%MANAUSDT1.6623+9.97%MATICUSDT1.1843+8.52%NEARUSDT--.-+0.00%NEARUSD--.-+0.00%SANDUSDT2.4222+10.70%SOLUSDT93.95+9.78%SOLUSD94.08+9.69%SHIBUSDT0.000021643+5.07%XRPUSDT0.6505+6.95%XRPUSD0.6460+6.50%XRPM220.00001639+2.44%.BXBT39707.47+4.51%.BETH2940.90+5.34%.BVOL24H2.68+38.14%Funding: 06:33:29 @ 0.0100%Time: 5:26:30 AM UTC
XBTUSD: Contract Specification
XBTUSD
XBTUSD is in the XBT (Bitcoin) series.
The quote currency is USD (US Dollar).

Description

XBTUSD is a XBT/USD perpetual contract priced on the .BXBT Index. Each contract is worth 1 USD of Bitcoin.

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

XBTUSD uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XBTBON8H Index and .USDBON8H Index, and the premium rate is quoted in the .XBTUSDPI8H Index. These are used to calculate the final funding rate.

Today, longs will pay 0.0100%, and shorts will receive 0.0100% at 12:00 PM UTC. bitcoinpenguin does not charge fees on funding payments.

Expiry: Perpetual, subject to Early Settlement.Maximum Initial Leverage: 100x
Maximum Maintenance Leverage: 285.71x

View the bitcoinpenguin Perpetual Contracts Guide

Funding Calculation

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

Interest BaseInterest QuotePremium
Symbols.XBTBON8H.USDBON8H.XBTUSDPI8H
Rates0.03%0.06%0.0035%

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 = 0.0100%
I = (0.06% - 0.03%) / 3
F = 0.0100%
F = 0.0035% + Clamp(0.0100% - 0.0035%, -0.05%, 0.05%)

Full Contract Details

Ticker RootXBTUSD
Expiry DatePerpetual, subject to Early Settlement
Initial Margin1.00% + Entry Taker Fee + Exit Taker Fee
Maint. Margin0.35% + Exit Taker Fee + Funding Rate
Interest Base Symbol.XBTBON8H
Interest Quote Symbol.USDBON8H
Funding Premium Symbol.XBTUSDPI8H
Funding Rate0.0100%
Funding Intervalevery 8 hours
Next FundingMay 5, 2022, 12:00:00 PM
Predicted Rate0.0100%
Mark Price39710.73
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark MethodFairPrice
Fair Basis3.26
Fair Basis Rate10%
Fair Basis CalculationThe fair basis on this instrument is determined by an annualized calculation of the funding rate.
Risk Limit200 XBT
Risk Step150 XBT
Open Interest351,655,600
24H Turnover17,272.7203 XBT
Total Volume3,475,024,275,289
TypeSettled in XBT, quoted in USD
Contract Size1 USD (Currently 0.00002518 XBT per contract)
SettlementThis contract is perpetual and does not settle. Subject to Early Settlement.
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.5 USD
Minimum Trade Amount100 USD
Max Price1,000,000
Max Order Quantity10,000,000
Lot Size100