The listing activity continued, and the SUSHIUSDT dual currency perpetual contract was launched.
The leverage of the SUSHIUSDT perpetual swap contract is as high as 33 times and was launched at GMT+8 at 12:00 on July 21, 2021 (04:00 UTC).
The contract is now available for trading on Testnet.
With excellent platform performance, top-level liquidity and security now are the perfect time to trade on BitMEX. Click here to register an account. Users can also use BitMEX mobile terminal to trade, the APP can be downloaded in more than 140 countries/regions.
BitMEX has been launching new products this summer-please click to view AAVEUSDT Perpetual Swaps, MATICUSDT Perpetual Swaps, VETUSDT Perpetual Swaps, SOLUSDT Perpetual Swaps, FILUSDT Perpetual Swaps, and XBTEUR Perpetual Swaps, and The launch of futures contracts. For the latest news, please visit the blog, follow BitMEX on Twitter, or join their Telegram channel.
Like all dual currency contracts, AAVE products will have a fixed Bitcoin multiplier regardless of the price of TEDA/SUSHI. This allows traders to go long or short the SUSHI/USDT exchange rate without having to hold SUSHI or USDT.
Traders use XBT as margin and earn or lose XBT as the exchange rate of SUSHI/USDT changes. This dual currency risk premium may be one of the factors that cause the SUSHIUSDT swap transaction to have a premium/discount relative to the SUSHIUSDT spot price-please refer to BitMEX’s blog post explaining the same concept of ETHUSD.
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| Symbol: | SUSHIUSDT |
|---|---|
| Bitcoin multiplier: | 0.00001 XBT (1,000 satoshis) |
| XBT contract value: | SUSHIUSDT price * Bitcoin multiplier (1000 Satoshi / 1 USDT) |
| Underlying asset: | .BSUSHIT |
| Maximum leverage: | 33 times |
| Provide liquidity rate: | -0.025% |
| Liquidity withdrawal rate: | 0.075% |
| Basic initial margin: | 3.00% |
| Basic maintenance margin: | 1.50% |
The SUSHIUSDT perpetual contract is currently listed on Testnet, and you can view the full contact details.
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Please check BitMEX official website or contact the customer support with regard to the latest information and more accurate details.
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Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...