Our mission is to give our users the most relevant – and innovative – products to trade. And we’re continuing to bring new contracts in the market for users to get exposure to their favourite coins.
Now, we’re taking it one step further by listing the BitMEX Basket Indices – covering both the Altcoin (.BALTMEX) and DeFi (.BDEFIMEX) markets.
And we aren’t stopping there.
As of today, BitMEX users will also be able to trade the ALTMEXUSD and DEFIMEXUSD Quanto Perpetual Swaps with a max leverage of 25x.
It’s a great time to be on BitMEX, with excellent platform performance alongside top tier liquidity and security. Sign up for an account here. Users can also trade on the go with BitMEX Mobile, available in over 140 countries.
See below for more information on our basket indices:
The BitMEX ALTMEX Basket Index (.BALTMEX):
|
Constituent |
Index Multiplier |
Market Cap Share |
|
BNB |
0.07078653 |
20.00% |
|
ADA |
14.89815288 |
20.00% |
|
DOGE |
65.55702677 |
15.01% |
|
XRP |
23.21700023 |
14.87% |
|
DOT |
0.48176854 |
7.10% |
|
UNI |
0.29550574 |
5.68% |
|
BCH |
0.00940295 |
4.61% |
|
LTC |
0.03359651 |
4.48% |
|
SOL |
0.13713494 |
4.36% |
|
LINK |
0.2198593 |
3.89% |
The BitMEX DEFIMEX Basket Index (.BDEFIMEX):
|
Constituent |
Index Multiplier |
Market Cap Share |
|
UNI |
0.9859852 |
20.00% |
|
LINK |
1.07263338 |
20.00% |
|
AAVE |
0.04467642 |
12.13% |
|
MKR |
0.00340582 |
9.40% |
|
LUNA |
1.45538761 |
8.39% |
|
COMP |
0.01853168 |
8.11% |
|
AVAX |
0.59972503 |
7.26% |
|
GRT |
10.07942781 |
7.18% |
|
YFI |
0.00010012 |
4.14% |
|
SUSHI |
0.44255636 |
3.39% |
More Details
The BitMEX Basket Index is constructed as a weighted average (by Index Multiplier) price of the constituents (eg .BBNBT). The Index Multipliers for the BitMEX Basket indices are rebalanced and updated on the last Friday of each calendar quarter. Any changes of the constituent and a Conditional Index Multiplier will be announced 7 days before the rebalance, based on the market capitalisation analysis conducted 4 days before the announcement. To learn more about the BitMEX Basket Index, please see our documentation here.
As with all quanto contracts, the ALTMEXUSD and DEFIMEXUSD perpetual contract will have a fixed Bitcoin multiplier regardless of the USD price of the Basket.
Traders post margin in XBT, and earn or lose XBT. This quanto risk premium may be one of the factors which results in the ALTMEXUSD and DEFIMEXUSD trading at a premium / discount to the index level – see our blog post explaining the same concept for ETHUSD.
Key contract details:
ALTMEXUSD
-
- Symbol: ALTMEXUSD
- Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)
- XBT Contract Value: ALTMEXUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)
- Underlying: .BALTMEX
- Max Leverage: 25x
- Maker Fee: -0.025%
- Taker Fee: 0.075%
- Base Initial Margin: 4.00%
- Base Maintenance Margin: 2.00%
DEFIMEXUSD
-
- Symbol: DEFIMEXUSD
- Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)
- XBT Contract Value: DEFIMEXUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)
- Underlying: .BDEFIMEX
- Max Leverage: 25x
- Maker Fee: -0.025%
- Taker Fee: 0.075%
- Base Initial Margin: 4.00%
- Base Maintenance Margin: 2.00%
Trading started at 04:00 UTC on 20 July 2021.
We’ve been launching new products nonstop this summer – including the AAVEUSDT Perpetual Swap, MATICUSDT Perpetual Swap, VETUSDT Perpetual Swap, SOLUSDT Perpetual Swap, FILUSDT Perpetual Swap, and the introduction of the XBTEUR Perpetual Swap and Futures contracts. To stay up to date on the latest, visit our blog, follow us on Twitter, or join our Telegram channel.
More details are available via our site documentation.
If you have any questions, please contact our Support team who will be happy to help.