[BitMEX] ADA, BNB, DOGE, DOT, and FIL Quanto Perpetuals: New Listing and Early Settlement of Contracts Due to Naming Conventions

To reconcile contract naming conventions on the platform, BitMEX will list four new ADAUSD, BNBUSD, DOGEUSD, and DOTUSD Perpetual Swaps on 29 September 2021 at 04:00 UTC and conduct early settlement of the current ADAUSDT, BNBUSDT, DOGEUSDT, DOTUSDT, and FILUSDT perps on 13 October 2021 at 12:00 UTC. This will be an ongoing process; we will conduct similar changes on other quanto contracts in the coming weeks.

The new ADAUSD, BNBUSD, DOGEUSD, and DOTUSD perps will have 0 Taker and 0 Maker Fees until 13 October 2021 at 12:00 UTC. 

Contract Details

Symbol

ADAUSD

BNBUSD

DOGEUSD

DOTUSD

Bitcoin Multiplier

0.0001

0.000001

0.001

0.00001

XBT Contract Value

ADAUSD Price * Bitcoin Multiplier (10,000 Sat / 1 USD)

BNBUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)

DOGEUSD Price * Bitcoin Multiplier (100,000 Sat / 1 USD)

DOTUSD Price * Bitcoin Multiplier (1,000 Sat / 1 USD)

Underlying

.BADA

.BBNB

.BDOGE

.BDOT

Max Leverage

33.33x

50x

50x

25x

Taker Fee before 12 UTC 13 Oct

0.00%

0.00%

0.00%

0.00%

Maker Fee before 12 UTC 13 Oct

0.00%

0.00%

0.00%

0.00%

Taker Fee after 12 UTC 13 Oct

0.05%

0.05%

0.05%

0.05%

Maker Fee after 12 UTC 13 Oct

-0.01%

-0.01%

-0.01%

-0.01%

Base Initial Margin

3.00%

2.00%

2.00%

4.00%

Base Maintenance Margin

1.50%

1.00%

1.00%

2.00%

 

Difference between new contracts and current contracts are highlighted in bold

 

ADAUSDT

ADAUSD

BNBUSDT

BNBUSD

DOGEUSDT

DOGEUSD

DOTUSDT

DOTUSD

Bitcoin Multiplier

0.01

0.0001

0.000001

0.000001

0.001

0.001

0.0001

0.00001

Minimum Price Increment

0.00001

0.0001

0.01

0.01

0.00001

0.00001

0.0005

0.001

Max Price

1,000

10,000

1,000,000

1,000,000

1,000

1,000

50,000

100,000

Max Order Quantity

50,000

500,000

1,000,000

1,000,000

5,000,000

5,000,000

500,000

1,000,000

Taker Fee before 12 UTC 13 Oct

0.05%

0.00%

0.05%

0.00%

0.05%

0.00%

0.05%

0.00%

Maker Fee before 12 UTC 13 Oct

-0.01%

0.00%

-0.01%

0.00%

-0.01%

0.00%

-0.01%

0.00%

ADAUSD, BNBUSD, DOGEUSD, and DOTUSD are available on Testnet now. 

Early Settlement Details

On 13 October 2021 at 12:00 UTC, the ADAUSDT, BNBUSDT, DOGEUSDT, DOTUSDT, and FILUSDT Perpetual Swaps will be settled against the corresponding 30M settlement index (.BADAT30M for ADAUSDT for example), following the Perpetual Swaps Early Settlement Process described here in the BitMEX Exchange Guide.

There will be no exchange of funding payments and no fees for settlement at the early settlement funding timestamp of 13 October 2021 12:00 UTC. Users should adjust their positions accordingly before the early settlement timestamp if they want to manually close their exposure.

If you have any questions, please contact our Support team who will be happy to help.

 

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