BitMEX’s new quarterly ETH Yield Swap contract – ETHYLDH23 – is live and trading will begin on February 9, 2023 at 04:00 UTC.

ETHYLDH23 Contract Specifications

Contract code: ETHYLDZ23

Expiration date and time: Friday, March 31, 2023 at 12:00 UTC

Deposit Currency: ETH

Quote: Annualized Yield (an absolute number on the API, a percentage on the BitMEX trading page – for example, a 4.5% annualized yield would appear as 4.500 on the trading page and 0.045 on the API)

Price limit: Set a price limit at +/- 20% of the mark price per hour

Price marking method: LastPriceAdjusted*

Auto Delever: Enabled

Contract size and minimum trade volume: 1 ETH

ETH contract value: ETHYLD price * expiration days / 365

Floating index: .BETHYLD (Lido ETH staking yield recorded daily by BitMEX)

Settlement index: .BETHYLD

Maximum Leverage: 2x

Provide liquidity fee (Maker fee): -0.01%

Taker fee: 0.075%

Basic Initial Margin: 50.00%

Basic Maintenance Margin: 10.00%

Floating fund settlement: 12:00 UTC time every day

Floating Funding Fee: Both parties pay 0.0005% per day

*LastPriceAdjusted (Last Price Adjusted) is a marking mode that functions like a simple Last Price Marking, but adjusted to allow yield swap float payments.

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