NEAR Protocol empowers millions to explore new experiences through simple, secure, and scalable technology. Soon, BitMEX users will gain a fresh avenue to engage with the NEAR ecosystem.
Traders can soon access our new NEAR perpetual contracts margined in XBT (Bitcoin) and USDT, offering up to 33x leverage.
Key Features
- Dual-currency NEARUSD contract: Fixed Bitcoin multiplier for pure NEAR/USD exposure.
- Linear NEARUSDT contract: USDT-margined with transparent pricing.
- Live on testnet: Preview the contracts before launch.
NEARUSD Dual-Currency Contract Details
NEARUSD allows traders to speculate on NEAR/USD exchange rates without holding either asset. Positions are margined and settled in XBT, with profits/losses fluctuating based on NEAR price movements.
Contract Specifications:
| Parameter | Value |
|-------------------------|--------------------------------|
| Symbol | NEARUSD |
| Margin Currency | XBT |
| Bitcoin Multiplier | 0.001 XBT (100,000 satoshis) |
| Contract Value | NEARUSD price × 100,000 satoshis |
| Underlying Index | .BNEAR |
| Max Leverage | 33x |
| Maker Fee | -0.01% |
| Taker Fee | 0.075% |
| Initial Margin | 3.00% |
| Maintenance Margin | 1.50% |
NEARUSDT Linear Contract Details
NEARUSDT offers straightforward USDT-margined trading with precise NEAR pricing.
Contract Specifications:
| Parameter | Value |
|-------------------------|--------------------------------|
| Symbol | NEARUSDT |
| Margin Currency | USDT |
| Contract Size | 0.001 NEAR |
| Lot Size | 1,000 |
| Min Trade Amount | 0.001 NEAR |
| Underlying Index | .BNEART |
| Max Leverage | 33x |
| Maker Fee | -0.01% |
| Taker Fee | 0.075% |
| Initial Margin | 3.00% |
| Maintenance Margin | 1.50% |
FAQs
Q: When do NEAR contracts go live?
A: Trading starts UTC May 5, 2022, at 04:00. Contracts appear "non-listed" 24 hours prior.
Q: How are the indices calculated?
A: .BNEAR and .BNEART indices weight prices equally from Binance, Gate.io, Huobi, and OKX.
Q: What’s the advantage of dual-currency contracts?
A: They isolate NEAR/USD exposure without needing to hold USD or NEAR, ideal for Bitcoin-based portfolios.
Q: Are testnet positions real?
A: No—testnet simulates trading with virtual funds.
For further assistance, contact BitMEX Support.
Note: All hyperlinks except OKX anchors are removed per guidelines.
**Keywords**: NEAR Protocol, XBT-margined contracts, USDT-margined contracts, perpetual swaps, BitMEX, crypto derivatives, 33x leverage
**Optimizations**:
- Removed year "2022" from the title.
- Replaced promotional links with compliant anchor texts.