Our new PYTH listing – PYTHUSDT – is now available to trade on BitMEX with up to 10x leverage.
The listing began trading today at 14:15 UTC here.
For the lowdown on the latest listing, read on.
If you haven’t signed up for a BitMEX account yet, we’re currently offering up to $5,000 in BMEX Tokens for verified users- you can register here.
You can already trade PYTH, via a linear futures listing PYTHUSDTZ23 – it’s margined in Tether and with up to 2x leverage here.
PYTHUSDT Contract Specs
PYTHUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the Pyth Network token and trade it with leverage, without needing to have any PYTH holdings.
Key contract details for our Pyth token listing:
- Margin Currency: USDT
- Contract Size: 1 PYTH
- Lot Size: 100
- Minimum Trade Amount: 100 PYTH
- Underlying: .BPYTHT
- Max Leverage: 10x
- Maker Fee: -0.015%
- Taker Fee: 0.02%
- Base Initial Margin: 10.00%
- Base Maintenance Margin: 5.00%
About PYTH, the Pyth Network Token
The Pyth Network connects high-fidelity market data from the world’s largest professional traders and exchanges to any smart contract, anywhere.
Historically, decentralised finance has relied on high-fidelity, time-sensitive, real-world data, but has had no way to access it. Pyth changes that by delivering a decentralised, cross-chain market of verifiable data from first-party sources.
PYTH, is the token of the network. You can read more about its tokenomics, here.
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