EOSUSDT Perpetual Contract
- The EOSUSDT Perpetual Contract is priced on the .BFEOSUSDT Index. Each contract is worth EOS of Bitcoin.
- For the EOSUSDT Perpetual Contract at BaseFEX, the base currency is EOS and the quote currency is USDT.
- Funding is paid and received every hours, and the next payout event is at .
- The EOSUSDT Perpetual Contract uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .EOSBON8H Index and .USDTBON8H Index, and the premium rate is quoted in the .EOSUSDTPI8H 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%.