XRPXBT Perpetual Contract
- The XRPXBT Perpetual Contract is priced on the .BFXRPXBT Index. Each contract is worth XRP of Bitcoin.
- For the XRPXBT Perpetual Contract at BaseFEX, the base currency is XRP and the quote currency is BTC.
- Funding is paid and received every hours, and the next payout event is at .
- The XRPXBT Perpetual Contract uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .XRPBON8H Index and .BTCBON8H Index, and the premium rate is quoted in the .XRPXBTPI8H 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|
I = Interest Rate, B = Interest Base, Q = Interest Quote, T = Funding Times Per Day, P = Premium Rate, F = Funding Rate
Funding Rateis the rate exchanged between users.
Premium Rateis used to calculate it, adjusted by the Interest Rate by up to 0.05%.