In just a few hours, AiDOGE will arrive at BitMEX via two new listings – AIDOGEUSD and AIDOGEUSDT, with up to 50x leverage, making these perpetual swap contracts one of the highest max position sizes in the industry.
ArbDoge is an AI-powered meme coin that describes itself as an ‘experiment’ in the Arbitrum ecosystem. The project builds on the ultra-popular shiba inu meme, which is the same meme that drove tokens like Dogecoin and Shiba Inu to towering heights.
Both AIDOGEUSD and AIDOGEUSDT will begin trading on Thursday, 11 May 2023 at 12:00 UTC.
For more information and contract details, read on.
If you haven’t yet signed up for a BitMEX account, you can do so here.
AIDOGEUSD Quanto Contract Specs
As with all quanto contracts, the AIDOGEUSD product has a fixed Bitcoin multiplier, regardless of the AIDOGE/USD price. This allows traders to long or short the AIDOGE/USD exchange rate without ever touching AIDOGE or USD.
Traders can post margin in XBT, and earn or lose in XBT as the AIDOGE/USD rate changes.
This quanto risk premium may be one of the factors that results in the AIDOGEUSD swap trading at a premium/discount to the AIDOGEUSD spot price.
For an explanation of the same concept, check out this blog post referencing ETHUSD.
Key Contract Details for the AIDOGE Listing:
- Symbol: AIDOGEUSD
- Margin Currency: XBT
- Bitcoin Multiplier: 10,000 XBT (1,000,000,000,000 Satoshis)
- XBT Contract Value: AIDOGEUSD Price * Bitcoin Multiplier (1,000,000,000,000 Sat / 1 USD)
- Underlying: .BAIDOGE
- Max Leverage: 50x
- Risk limit: 50 XBT
- Maker Fee: 0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 2.00%
- Base Maintenance Margin: 1.00%
You will be able to trade the AIDOGEUSD perpetual contract here, or check out the full contract specs here.
AIDOGEUSDT Linear Contract Specs
AIDOGEUSDT is a linear perpetual swap, margined in USDT. This allows users to gain exposure to the price of the AIDOGE token and trade it with leverage, without needing to have AIDOGE holdings.
Key Contract Details for the AIDOGE Listing:
- Symbol: AIDOGEUSDT
- Margin Currency: USDT
- Contract Size: 1,000 AIDOGE
- Lot Size: 10,,000,000
- Minimum Trade Amount: 10,000,000,000 AIDOGE
- Underlying: .BAIDOGET
- Max Leverage: 33x
- Risk limit: 1,000,000 USDT
- Maker Fee: 0.02%
- Taker Fee: 0.075%
- Base Initial Margin: 3.00%
- Base Maintenance Margin: 1.50%
You will be able to trade the AIDOGEUSDT perpetual contract here, or check out the full contract specs here.
To be the first to know about our new listings, product launches, and giveaways, you can connect with us on Discord, Telegram, and Twitter. We encourage you to also check our blog regularly.
In the meantime, if you have any questions please contact Support.
Related
The post appeared first on Blog BitMex
