BitMEX lists Solana (SOL) perpetual contract with up to 33x leverage

Crypto derivatives trade BitMEX, announced these days the summer months rollout of listing 10 new solutions has begun commencing with – Solana (SOL).

The SOLUSDT Perpetual Swap agreement with up to 33x leverage will go stay at 04:00 UTC on Tuesday, June 1st, 2021 and is visible now testnet.

Like all BitMEX quanto contracts, the SOLUSDT item will have a mounted Bitcoin multiplier regardless of the Tether/Solana selling price. This makes it possible for traders to prolonged or shorter the SOL/USDT trade fee devoid of at any time touching either SOL or USDT.

Traders write-up margin in XBT and get paid or get rid of XBT as the SOL/USDT fee alterations. This quanto hazard high quality could be just one of the variables which outcome in the SOLUSDT swap buying and selling at a premium/price cut to the SOLUSDT location cost.

Contract Details:

  • Image: SOLUSDT
  • Bitcoin Multiplier: .00001 XBT (1,000 Satoshis)
  • XBT Deal Price: SOLUSDT Price tag * Bitcoin Multiplier (1,000 Sat / 1 USDT)
  • Underlying: .BSOLT
  • Max Leverage: 33x
  • Maker Fee: -.025%
  • Taker Rate: .075%
  • Base Initial Margin: 3.00%
  • Foundation Servicing Margin: 1.50%

The testnet contract will be noticeable on the system from 04:00 UTC on 31 May perhaps 2021 as Unlisted, 24 several hours in advance of trading commences at 04:00 UTC on 1 June 2021.

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