FTT has been getting some attention this week. From 12:00 UTC today, BitMEX users can trade FTT via our FTTUSD and FTTUSDT listings – with up to 50x leverage.
If you haven’t yet signed up for a BitMEX account, you can do so here. Currently, new users can receive up to 80 BMEX Tokens.
FTTUSD Quanto Contract Specs
As with all quanto contracts, the FTTUSD product has a fixed Bitcoin multiplier, regardless of the FTT/USD price. This allows traders to long or short the FTT/USD exchange rate without ever touching FTT or USD.
Traders can post margin in XBT, and earn or lose in XBT as the FTT/USD rate changes. This quanto risk premium may be one of the factors that results in the FTTUSD swap trading at a premium/discount to the FTTUSD spot price.
For an explanation of the same concept for ETHUSD, check out this blog post.
Key contract details for our FTT listing:
- Symbol: FTTUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)
- XBT Contract Value: FTTUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)
- Underlying: .BFTT
- Max Leverage: 50x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You can start trading the FTTUSD perpetual contract here, or check out the full contract specs here.
FTTUSDT Linear Contract Specs
FTTUSDT is a linear perpetual swap, margined in USDT.
Key contract details for our FTT listing:
- Symbol: FTTUSDT
- Margin currency: USDT
- Contract Size: 0.001 FTT
- Lot Size: 100
- Minimum Trade Amount: 0.1 FTT
- Underlying: .BFTTT
- Max Leverage: 33.33x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You can start trading the FTTUSDT 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.