Coming Soon: ORDIUSD Perpetual Swap with Up to 10x Leverage

November 10, 2023

With up to 10x leverage, this new contract offers one of the highest max position sizes in the industry. ORDIUSD Quanto Contract SpecsAs with all quanto contracts, the ORDIUSD product has a fixed Bitcoin multiplier, regardless of the ORDI/USD price. Traders can post margin in XBT, and earn or lose in XBT as the ORDI/USD rate changes. This quanto risk premium may be one of the factors that results in the ORDIUSD swap trading at a premium/discount to the ORDIUSD spot price. Key Contract Details for Our ORDIUSD Listing:Symbol : ORDIUSD: ORDIUSD Margin Currency : XBT: XBT Bitcoin Multiplier : 0.00001 XBT (1,000 Satoshis): 0.00001 XBT (1,000 Satoshis) XBT Contract Value : USD Price * Bitcoin Multiplier (1,000 Sat / 1 USD): USD Price * Bitcoin Multiplier (1,000 Sat / 1 USD) Underlying : .BORDI: .BORDI Max Leverage : 10x: 10x Risk limit : 1 XBT: 1 XBT Maker Fee : 0.02%: 0.02% Taker Fee : 0.075%: 0.075% Base Initial Margin : 10.00%: 10.00% Base Maintenance Margin: 5.00%You will be able to trade the ORDIUSD perpetual contract here, or check out the full contract specs here.

The source of this news is from BitMEX