Coming Soon: PYTHUSDT Perpetual Swap Listing with Up to 10x Leverage
A new listing – PYTHUSDT – featuring PYTH – the Pyth Network Token, will be available to trade on BitMEX, and with up to 10x leverage from later today. Trading is expected to commence soon after 14:00 UTC once spot markets have opened. 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:
Symbol:PYTHUSDT
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%
You will be able to trade the PYTHUSDT perpetual contract here, or refer to the full contract specs here.
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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