• DASHUSDT Perpetual Contract

    Overview

    • The DASHUSDT Perpetual Contract is priced on the .BFDASHUSDT Index. Each contract is worth DASH of Bitcoin.
    • For the DASHUSDT Perpetual Contract at BaseFEX, the base currency is DASH and the quote currency is USDT.
    • Funding is paid and received every hours, and the next payout event is at .
    • The DASHUSDT Perpetual Contract uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .DASHBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .DASHUSDTPI8H Index. We use these Indexes to calculate the final funding rate.
    • Since this is a perpetual contract, it will never expire.

    Funding Rate Calculation

    Interest Base Interest Quote Premium
    Symbols.DASHBON8H.USDTBON8H.DASHUSDTPI8H
    Rates 0.00%0.00%0.00%
    I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day, P = Premium Rate, F = Funding Rate
    
    • The Funding Rate is the rate exchanged between users.
    • The Premium Rate is used to calculate it, adjusted by the Interest Rate by up to 0.05%.
    FormulaResult
    I = (Q - B) / TI = (0.00% - 0.00%)/ 3 = 0.0000%
    F = P + Clamp(I - P, -0.05%, 0.05%)F = 0.00% + Clamp(0.0000% - 0.00%, -0.05%, 0.05%) = 0.0000%

    Full Contract Details

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