Live Now: ETHYLDH23 Yield Swap Contract | bitmex blog
Our new Quarterly ETH Yield Swap contract – ETHYLDH23 – is now live, and begins trading on 9 February 2023 at 04:00 UTC.
You can start trading ETHYLDH23 here, or learn more about the product here.
If you haven’t created a BitMEX account yet, you can do so here.
ETHYLDH23 Contract Specifications Symbol: ETHYLDH23 Expiry date and time: Friday March 31, 2023 at 12:00 UTC Margin Currency: ETH Price Quote: Annualized Yield (as an absolute number on the API and as a percentage on the BitMEX trading page – eg For example, a 4.5% per annum yield will be displayed as 4.500 on the trading page and 0.045 on the API) Price Limit: Set hourly up and down limits on the mark price +/- 20% Mark method: Last price adjusted * Auto Delivering: Enabled contract size and minimum trade amount: 1 ETH ETH Contract Price: ETHYLD Price * Expiry Day / 365 Floating Index: .BETHYLD (Lido ETH staking yield recorded each day by BitMEX) Settlement Index: .BETHYLD Max Leverage: 2x Maker Fee: -0.01 % Taker Fee: 0.075% Base Initial Margin: 50.00% Base Maintenance Margin: 10.00% Floating Funding Settlement: Daily at 12:00 UTC Floating Funding Fee: Both sides pay 0.0005% daily
*Adjusted Last Price is a marking mode that functions similarly to normal last price marking, but with adjustments for Yield Swap floating funding payments. Please see here for more details.
If you have any questions, please contact our support team who will be happy to help. To sign up for a Bitmex account, click here.