Coming Soon: Changes to Minimum Price Increments, Lot Size, Base Initial Margin and Maintenance Margin
Minimum Price Increments
On 6 Sep 2024 at 04:00 UTC, the Minimum Price Increments for the following contracts will be reduced as shown below.
Perpetual swap
Current Minimum Price Increment (USD)
Minimum Price Increment (USD) starting
6 Sep 2024 04:00:00 UTC
SUIUSDT
0.001
0.0001
AXSUSD
0.01
0.001
ARBUSDT
0.001
0.0001
BOMEUSDT
0.00001
0.000001
BLASTUSDT
0.0001
0.000001
The Minimum Price Increment (Tick Size) is the smallest increment by which the price of a contract can move.
A smaller Minimum Price Increment can theoretically lead to reduced bid-offer spreads, useful for price takers when crossing the spread to trade.
Lot Size
On 6 Sep 2024 at 04:00 UTC, the Lot Sizes for the following contracts will be reduced as shown below.
Perpetual swap
Current Lot Size (Contracts)
Lot Size (Contracts) starting
6 Sep 2024 04:00:00 UTC
XBTUSDT
1000
100
CYBERUSDT
10
1
BNBUSDT
1000
100
INJUSDT
10
1
FILUSDT
10
1
TIAUSDT
10
1
The Lot Size is an instrument’s minimum trading unit (as number of contracts).
A smaller Lot Size means that traders can place orders with a smaller position size increment and participate in trading these contracts with smaller capital requirements.
Base Initial Margin and Maintenance Margin (Leverage)
On 6 Sep 2024 at 04:00 UTC, the Base Initial Margin and Maintenance Margin requirements for the following contracts will be reduced as shown below.
These changes will apply to new positions, new orders and any leverage or Risk Limit changes, applied to existing positions or existing orders. The current Margin requirements for our products can be found here.
Perpetual swap
Base Maintenance Margin starting
6 Sep 2024 04:00:00 UTC
Base Initial Margin starting
6 Sep 2024 04:00:00 UTC
INJUSDT, WUSDT, ONDOUSDT, STRKUSDT, DYMUSDT, MEMEUSDT, JUPUSDT, PYTHUSDT, XAIUSDT, BLASTUSDT, NOTUSDT, ENAUSDT, WLDUSDT, WIFUSDT, BOMEUSDT, TNSRUSDT, PIXELUSDT, MYROUSDT, IOUSDT, ZROUSDT, PORTALUSDT, WOOUSDT, MEWUSDT, AEVOUSDT, 100BONKUSDT, TAIKOUSDT, ZKUSDT, BANANAUSDT, SAGAUSDT
2%
4%
Impact of changes to Base Initial Margin and Maintenance Margin under all Risk Limits (for the above contracts):
Initial Margin requirements will decrease, so Bankruptcy Price will move closer to Average Entry Price and Maximum Leverage available will increase.
Maintenance Margin requirements will decrease, so Liquidation Price will move closer to Bankruptcy Price and the amount of Maintenance Margin lost in the event of liquidation, will decrease.
The difference between Initial Margin and Maintenance Margin will decrease, so Liquidation Price will move closer to Average Entry Price.
In the meantime, if you have any questions please contact Support.
The post Coming Soon: Changes to Minimum Price Increments, Lot Size, Base Initial Margin and Maintenance Margin appeared first on BitMEX Blog.
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