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OKBXBT Perpetual Contract
- The OKBXBT Perpetual Contract is priced on the .BFOKBXBT Index. Each contract is worth OKB of Bitcoin.
- For the OKBXBT Perpetual Contract at BaseFEX, the base currency is OKB and the quote currency is BTC.
- Funding is paid and received every hours, and the next payout event is at .
- The OKBXBT Perpetual Contract uses a Premium Index to calculate funding rates. The underlying interest rates are quoted in the .OKBBON8H Index and .BTCBON8H Index, and the premium rate is quoted in the .OKBXBTPI8H Index. We use these Indexes to calculate the final funding rate.
- Since this is a perpetual contract, it will never expire.
|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%.