BitMEX BTC/USDT: A Comprehensive Guide
BitMEX BTC/USDT: A Comprehensive Guide
BitMEX, a leading cryptocurrency derivatives trading platform, offers a wide range of trading pairs, including BTC/USDT. In this article, we will delve into the details of trading BTC/USDT on BitMEX, covering various aspects such as fees, leverage, order types, and risk management.
Understanding BitMEX BTC/USDT
BitMEX BTC/USDT is a perpetual swap contract that allows traders to speculate on the price of Bitcoin against the US Dollar. Unlike traditional futures contracts, perpetual swaps have no expiration date, which means traders can hold their positions indefinitely.
Fees and Commissions
BitMEX charges a small fee on each trade, known as the funding rate. This rate is determined by the market and is used to keep the perpetual swap price close to the spot price of Bitcoin. The funding rate is paid by both long and short positions, and it is adjusted every eight hours.
| Order Type | Fee |
|---|---|
| Buy | 0.025% |
| Sell | 0.025% |
Additionally, BitMEX offers a maker-taker fee structure. Makers, who provide liquidity to the market, are charged a lower fee, while takers, who remove liquidity, are charged a higher fee. The fee schedule is as follows:
| Annual Fee Rate | Maker | Taker |
|---|---|---|
| 0.050% – 0.080% | 0.050% | 0.080% |
| 0.080% – 0.100% | 0.080% | 0.100% |
| 0.100% – 0.150% | 0.100% | 0.150% |
| 0.150% – 0.200% | 0.150% | 0.200% |
| 0.200% – 0.250% | 0.200% | 0.250% |
| 0.250% – 0.300% | 0.250% | 0.300% |
| 0.300% – 0.350% | 0.300% | 0.350% |
| 0.350% – 0.400% | 0.350% | 0.400% |
| 0.400% – 0.450% | 0.400% | 0.450% |
| 0.450% – 0.500% | 0.450% | 0.500% |
| 0.500% – 0.550% | 0.500% | 0.550% |
| 0.550% – 0.600% | 0.550% | 0.600% |
| 0.600% – 0.650% | 0.600% | 0.650% |
0.650%
|
