As of 4 September 2024 at 12:00 UTC, BitMEX users can long or short AAVE via two new listings – AAVEUSD and AAVEUSDT – with up to 20x leverage and one of the highest max position sizes in the industry.
You can trade AAVEUSD here and AAVEUSDT here.
For the lowdown on these listings, 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.
AAVEUSD Quanto Contract Specs
As with all quanto contracts, the AAVEUSD product has a fixed Bitcoin multiplier, regardless of the AAVE/USD price. This allows traders to long or short the AAVE/USD exchange rate without ever touching AAVE or USD.
Traders can post margin in XBT, and earn or lose in XBT as the AAVE/USD rate changes.
This quanto risk premium may be one of the factors that results in the AAVEUSD swap trading at a premium/discount to the AAVEUSD spot price.
For an explanation of the same concept, check out this blog post referencing ETHUSD.
Key contract details for our AAVEUSD listing:
- Symbol: AAVEUSD
- Margin Currency: XBT
- Bitcoin Multiplier: 0.000001 XBT (100 Satoshis)
- XBT Contract Value: AAVEUSD Price * Bitcoin Multiplier (100 Sat / 1 USD)
- Underlying: .BAAVE
- Max Leverage: 20x
- Risk limit: 50 XBT
- Maker Fee: 0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 5.00%
- Base Maintenance Margin: 2.50%
You can trade the AAVEUSD perpetual contract here, or check out the full contract specs here.
AAVEUSDT Linear Contract Specs
AAVEUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the AAVE token and trade it with leverage, without needing to have AAVE holdings.
Key contract details for our AAVE token listing:
- Symbol: AAVEUSDT
- Margin Currency: USDT
- Contract Size: 0.0001 AAVE
- Lot Size: 1000
- Minimum Trade Amount: 0.1 AAVE
- Underlying: .BAAVET
- Max Leverage: 20x
- Risk limit: 1,000,000 USDT
- Maker Fee: -0.015%
- Taker Fee: 0.075%
- Base Initial Margin: 5.00%
- Base Maintenance Margin: 2.50%
You can trade the AAVEUSDT 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 who are available 24/7.
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