Now Live: XPTUSDT Perpetual Swap Listing with up to 20x Leverage

A new perp listing for XPT (Platinum) - XPTUSDT – is now available to trade on BitMEX, with up to 20x leverage.

Trading began here on 16 April 2026 at 12:00 UTC.

If you haven’t signed up for a BitMEX account yet, we’re currently offering up to 5,050 USDT in Trading Credits for verified users- you can register here.

XPTUSDT Contract Specs

XPTUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of Platinum and trade it with leverage, without needing to have any XPT holdings.

Key contract details for our XPT listing:

• Symbol: XPTUSDT

• Margin Currency: USDT

• Contract Size: 0.001 XPT

• Lot Size: 1

• Minimum Trade Amount: 0.001 XPT

• Underlying: .BXPTT

• Max Leverage: 20x

• Maker Fee: 0.05%

• Taker Fee: 0.05%

• Base Initial Margin: 5.00%

• Base Maintenance Margin: 2.50%

You will be able to trade the XPTUSDT perpetual contract here, or refer to the full contract specs here.

About XPT

Our XPTUSDT (Platinum) Perp is a synthetic derivative that allows you to access leveraged exposure to Platinum prices as traded on traditional markets directly on BitMEX. Like other perpetual swaps, it never expires, trades 24/7, with up to 20x leverage, and settles in USDT (Tether).

The index price of the XPTUSDT perp on BitMEX is constructed using oracles that track traditional markets. When traditional markets are open, the majority of the index price is referenced to spot prices provided by oracles (Chainlink), with the remainder made up of the median of the bid, ask and last prices of the XPTUSDT contract on BitMEX. 

When traditional markets are closed, the index price will be the median of the bid, ask, and last prices on the XPTUSDT contract on BitMEX: in this case a 2% hourly price band is applied. 

Like every swap on BitMEX, funding is exchanged between longs and shorts every 8 hours. The funding bias is neutral, meaning that if Mark Price is in line with the Index, neither side pays a funding fee. This differs from most venues which naturally force long positions to pay a funding “tax”.

Click here to learn more about the mark method applied to this contract.

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In the meantime, if you have any questions please contact Support who are available 24/7.