In addition to our already live futures contract (ARBUSDTM23), BitMEX users can now trade ARB with up to 50x leverage via two new listings – ARBUSD and ARBUSDT.
If you haven’t yet signed up for a BitMEX account, you can do so here.
ARBUSD Quanto Contract Specs
As with all quanto contracts, the ARBUSD product has a fixed Bitcoin multiplier, regardless of the ARB/USD price. This allows traders to long or short the ARB/USD exchange rate without ever touching ARB or USD.
Traders can post margin in XBT, and earn or lose in XBT as the ARB/USD rate changes. This quanto risk premium may be one of the factors that results in the ARBUSD swap trading at a premium/discount to the ARBUSD spot price.
For an explanation of the same concept, check out this blog post referencing ETHUSD.
Key contract details for our ARB listing:
Symbol: ARBUSD
Margin currency: XBT
Bitcoin Multiplier: 0.00001 XBT (1,000 Satoshis)
XBT Contract Value: ARBUSD Price * Bitcoin Multiplier (1,000 Sat / 1 USD)
Underlying: .BARB
Max Leverage: 50x
Risk limit: 50 XBT
Maker Fee: 0.02%
Taker Fee: 0.075%
Base Initial Margin: 2.00%
Base Maintenance Margin: 1.00%
You can trade the ARBUSD perpetual contract here, or check out the full contract specs here.
ARBUSDT Linear Contract Specs
ARBUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the ARB token and trade it with leverage, without needing to have ARB holdings.
Key contract details for our ARBtoken listing:
Symbol: ARBUSDT
Margin currency: USDT
Contract Size: 0.001 ARB
Lot Size: 100
Minimum Trade Amount: 0.1 ARB
Underlying: .BARBT
Max Leverage: 33x
Risk limit: 1,000,000 USDT
Maker Fee: 0.02%
Taker Fee: 0.075%
Base Initial Margin: 3.00%
Base Maintenance Margin: 1.50%
You can trade the ARBSDT perpetual contract here, or check out the full contract specs here.
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In the meantime, if you have any questions please contact Support.