Crypto derivatives trade BitMEX, introduced now the summertime rollout of listing 10 new solutions has started starting with – Solana (SOL).
The SOLUSDT Perpetual Swap agreement with up to 33x leverage will go live at 04:00 UTC on Tuesday, June 1st, 2021 and is noticeable now testnet.
Like all BitMEX quanto contracts, the SOLUSDT merchandise will have a fixed Bitcoin multiplier regardless of the Tether/Solana rate. This allows traders to lengthy or short the SOL/USDT trade level without having ever touching possibly SOL or USDT.
Traders put up margin in XBT and generate or lose XBT as the SOL/USDT rate changes. This quanto possibility premium may be 1 of the variables which outcome in the SOLUSDT swap investing at a top quality/price reduction to the SOLUSDT spot value.
Bitcoin Multiplier: .00001 XBT (1,000 Satoshis)
XBT Deal Price: SOLUSDT Cost * Bitcoin Multiplier (1,000 Sat / 1 USDT)
Max Leverage: 33x
Maker Fee: -.025%
Taker Fee: .075%
Foundation Original Margin: 3.00%
Foundation Routine maintenance Margin: 1.50%
The testnet contract will be seen on the system from 04:00 UTC on 31 May 2021 as Unlisted, 24 hours before investing begins at 04:00 UTC on 1 June 2021.