The highly anticipated Flare airdrop has begun.
In addition to our already live futures contract (FLRUSDTH23), BitMEX users can now trade FLR with up to 50x leverage via two new listings – FLRUSD and FLRUSDT.
If you haven’t yet signed up for a BitMEX account, you can do so here.
FLRUSD Quanto Contract Specs
As with all quanto contracts, the FLRUSD product has a fixed Bitcoin multiplier, regardless of the FLR/USD price. This allows traders to long or short the FLR/USD exchange rate without ever touching FLR or USD.
Traders can post margin in XBT, and earn or lose in XBT as the FLR/USD rate changes. This quanto risk premium may be one of the factors that results in the FLRUSD swap trading at a premium/discount to the FLRUSD spot price.
For an explanation of the same concept, check out this blog post referencing ETHUSD.
Key contract details for our FLR listing:
- Symbol: FLRUSD
- Margin currency: XBT
- Bitcoin Multiplier: 0.0001 XBT (10,000 Satoshis)
- XBT Contract Value: FLRUSD Price * Bitcoin Multiplier (10,000 Sat / 1 USD)
- Underlying: .BFLR
- Max Leverage: 50x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You will be able to trade the FLRUSD perpetual contract here, or check out the full contract specs here.
FLRUSDT Linear Contract Specs
FLRUSDT is a linear perpetual swap, margined in USDT.
Key contract details for our FLR coin listing:
- Symbol: FLRUSDT
- Margin currency: USDT
- Contract Size: 0.001 FLR
- Lot Size: 1000
- Minimum Trade Amount: 1 FLR
- Underlying: .BFLRT
- Max Leverage: 33.33x
- Maker Fee: -0.01%
- Taker Fee: 0.075%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You will be able to trade the FLRUSDT 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.