If you’ve been paying attention to crypto markets at all this year, you’re bound to have heard of LUNA. Its meteoric rise in 2021 has made it one of the year’s most sought-after assets – and now, you can trade the LUNAUSD Quanto Perpetual Swap right here on BitMEX.
With up to 20x leverage available, the LUNAUSD Perpetual Swap contract went live at 04:00 UTC today and is available to trade on BitMEX now.
As with all quanto contracts, the LUNAUSD product will have a fixed Bitcoin multiplier regardless of the USD/LUNA price. This allows traders to long or short the LUNA/USD exchange rate without ever touching either LUNA or USD.
Traders post margin in XBT, and earn or lose XBT as the LUNA/USD rate changes. This quanto risk premium may be one of the factors which results in the LUNAUSD swap trading at a premium / discount to the LUNAUSD spot price – see our blog post explaining the same concept for ETHUSD.
Key contract details:
- Symbol: LUNAUSD
- Bitcoin Multiplier: 0.00001 XBT (1,000 Satoshis)
- XBT Contract Value: LUNAUSD Price * Bitcoin Multiplier (1,000 Sat / 1 USD)
- Underlying: .BLUNA
- Max Leverage: 20x
- Maker Fee: -0.01%
- Taker Fee: 0.05%
- Base Initial Margin: 5.00%
- Base Maintenance Margin: 2.50%
If you have any questions, please contact our Support team who will be happy to help.