Description

BIGTIMEUSDT is a BIGTIME/USDT perpetual contract priced on the .BBIGTIMET Index. Each contract has a value equal to its price in Tether.

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

BIGTIMEUSDT uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the Funding Base Rate and Funding Quote Rate, and the premium rate is quoted in the .BIGTIMEUSDTPI8H Index. These are used to calculate the final funding rate.

Today, longs will receive 0.4333%, and shorts will pay 0.4333% at 12:00 pm UTC. BitMEX does not charge fees on funding payments.

View the BitMEX Perpetual Contracts Guide

I = Interest Rate, B = Funding Base Rate, Q = Funding Quote Rate, T = Funding Times Per Day
P = Premium Rate, F = Funding Rate

I = (Q - B) / T
F = P + Clamp(I - P, -0.05%, 0.05%)

I = 0.0100%
I = (0.06% - 0.03%) / 3
F = -0.4333%
F = -0.4833% + Clamp(0.0100% - -0.4833%, -0.05%, 0.05%)

Full Contract Details