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How to calculate AscendEX contract rate

To calculate the AscendEX contract rate, you need the underlying asset price, funding rate, and contract expiry date, using the formula: Contract Rate = Underlying Asset Price * (1 + Funding Rate * (Expiry Date - Current Date) / 365).

Nov 30, 2024 at 03:50 am

How to calculate AscendEX Contract Rate

AscendEX is a cryptocurrency exchange that offers a variety of trading products, including spot trading, margin trading, and futures trading. The AscendEX contract rate is the price at which a futures contract can be bought or sold on AscendEX.

To calculate the AscendEX contract rate, you will need the following information:

  • The underlying asset price
  • The funding rate
  • The expiry date of the contract
  1. Get the underlying asset price

The underlying asset price is the price of the cryptocurrency that the futures contract is based on. You can get the underlying asset price from a variety of sources, such as CoinMarketCap or Binance.

  1. Get the funding rate

The funding rate is a periodic payment that is made between the two parties to a futures contract. The funding rate is designed to keep the futures contract price in line with the spot price of the underlying asset. You can find the funding rate for a particular futures contract on the AscendEX website.

  1. Get the expiry date of the contract

The expiry date of a futures contract is the date on which the contract expires. Once the contract expires, you will either have to close the contract or take delivery of the underlying asset. You can find the expiry date of a particular futures contract on the AscendEX website.

  1. Calculate the AscendEX contract rate

Once you have the underlying asset price, the funding rate, and the expiry date, you can calculate the AscendEX contract rate using the following formula:

Contract Rate = Underlying Asset Price * (1 + Funding Rate * (Expiry Date - Current Date) / 365)

For example, let's say that you want to calculate the AscendEX contract rate for a Bitcoin futures contract with an underlying asset price of $20,000, a funding rate of 0.01%, and an expiry date of December 31, 2023.

Using the formula above, we can calculate the contract rate as follows:

Contract Rate = $20,000 * (1 + 0.01% * (December 31, 2023 - Current Date) / 365)

= $20,000 * (1 + 0.0001 * (1096) / 365)

= $20,000 * 1.003

= $20,060

Therefore, the AscendEX contract rate for this Bitcoin futures contract would be $20,060.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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