-
Bitcoin
$83,862.8911
-0.71% -
Ethereum
$1,908.7289
-1.79% -
Tether USDt
$1.0000
-0.01% -
XRP
$2.3204
-4.08% -
BNB
$603.7053
-1.65% -
Solana
$129.8491
-3.85% -
USDC
$0.9999
-0.01% -
Dogecoin
$0.1706
-3.09% -
Cardano
$0.7054
-6.29% -
TRON
$0.2152
-3.41% -
Pi
$1.4120
-2.70% -
Chainlink
$13.6825
-3.24% -
UNUS SED LEO
$9.5784
-2.45% -
Toncoin
$3.4128
2.18% -
Stellar
$0.2675
-2.67% -
Shiba Inu
$0.0...01365
6.97% -
Hedera
$0.1879
-2.42% -
Avalanche
$18.7242
0.11% -
Sui
$2.2694
-4.07% -
Litecoin
$90.7258
-3.03% -
MANTRA
$6.7791
3.26% -
Polkadot
$4.2757
-2.60% -
Bitcoin Cash
$334.5001
-2.95% -
Ethena USDe
$0.9998
0.00% -
Dai
$1.0003
0.02% -
Bitget Token
$4.4151
-1.01% -
Hyperliquid
$13.3559
-9.24% -
Monero
$210.8494
0.43% -
Uniswap
$6.1541
-0.47% -
Aptos
$5.2167
-2.26%
How to calculate BigONE contract rate
To calculate the contract rate on BigONE, use the formula: Contract rate = Mark price + (funding fee rate * funding term).
Dec 02, 2024 at 03:20 am

How to calculate BigONE contract rate?
The contract rate calculation method is: Contract rate=Mark price+funding fee rate*funding term
Step1: Get the Mark Price
BigONE contract uses the index price (Index Price) provided by third-party institutions such as Binance, Huobi and OKEx as the Benchmark Index.
BigONE will guarantee the accuracy of Contract Price by checking whether Mark Price is close to the last transaction price of the benchmark index, if it is not close the Mark Price will be adjusted by the Oracle.
Users can view the deviation rate of Mark Price by hovering over the Mark Price, as shown in the figure below:
[Image of Contract market page showing the Mark Price deviation rate]
Step2: Understand Funding Rate
a. Definition: Funding rate is a fee mechanism, which is paid by one party to the other to maintain the peg between the perpetual contract and the spot price. If the perpetual contract price is higher than spot price, the longs need to pay the shorts funding fees, in order to induce longs to close their positions or shorts to open their positions. The fee is vice versa if the perpetual contract price is lower than spot price.
b. Calculation method:
Funding fee rate=(Composite index funding rate - BigONE funding rate premium)*Future contract yield weight.
(1) Composite index funding rate= Sum of 24H funding rates of last 8 hours from Huobi, Binance and OKEX (_the 8-hour funding rates will be cleared and recalculated each day_) / 3
(2) BigONE funding rate premium= Premium set by the BigONE platform to limit market manipulation by large traders. The premium will be adjusted according to market conditions.
Step3: Understand Future contract yield weight
The weight is determined based on the time decay of future contracts. When future contract's expiration time is closer, the weight is larger, which has less impact on the funding rate. In order to prevent the manipulation of funding rate or Mark Price in the last few days before the expiration of contract, the platform will gradually reduce the weight .
Future contract yield weight table:
Time to expiration time distance | Weight |
---|---|
8-15 days | 50% |
4-7 days | 75% |
2-3 days | 90% |
1 day | 100% |
Step4: Understand Funding term
a. Funding time: Calculated every 8 hours, at 00:00, 08:00 and 16:00 (UTC time) respectively. The funding fee is settled half an hour after each funding time, which is 00:30, 08:30 and 16:30 (UTC time) .
b. Funding term: The period from the current funding time to the next funding time.
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!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- HEXminer Review: Best Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), and Ethereum (ETH) Cloud Mining
- 2025-03-17 02:30:56
- A series of crimes have shaken the city, including a brutal attack over a matchbox, a mobile snatching, and a jewellery theft worth Rs 10 lakh.
- 2025-03-17 02:30:56
- Shocking Case of Mismanagement as 25 Seized Vehicles Vanish from Phulambri Tehsil Office
- 2025-03-17 02:30:56
- 3 Altcoins Ready to Outperform Bitcoin This Year
- 2025-03-17 02:25:56
- JasmyCoin (JASMY) Price Prediction If Bitcoin (BTC) Hits $150K
- 2025-03-17 02:25:56
- 5 High-Potential Crypto Tokens to Buy the Dip as the Crypto Market Recovers
- 2025-03-17 02:25:56
Related knowledge

What are the advantages of smart contracts?
Mar 14,2025 at 11:51pm
Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?
Mar 13,2025 at 03:26pm
Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the role of a smart contract in blockchain?
Mar 15,2025 at 01:40pm
Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?
Mar 13,2025 at 10:20pm
Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?
Mar 13,2025 at 09:05pm
Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?
Mar 14,2025 at 09:30am
Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...

What are the advantages of smart contracts?
Mar 14,2025 at 11:51pm
Key Points:Enhanced Security: Smart contracts minimize the risk of fraud and human error through automated execution.Increased Transparency: All transactions and contract terms are publicly viewable on the blockchain, fostering trust and accountability.Automation & Efficiency: Smart contracts automate processes, eliminating intermediaries and speeding u...

What are the application scenarios of smart contracts?
Mar 13,2025 at 03:26pm
Key Points:Smart contracts automate agreements, removing intermediaries.Diverse applications across DeFi, NFTs, supply chain management, and more.Security and scalability remain key challenges.Understanding the underlying blockchain technology is crucial for effective implementation.Legal frameworks are still evolving to accommodate smart contract dispu...

What is the role of a smart contract in blockchain?
Mar 15,2025 at 01:40pm
Key Points:Smart contracts automate the execution of agreements on a blockchain.They eliminate intermediaries and increase transparency and efficiency.Smart contracts enhance security through cryptographic hashing and immutability.Various types of smart contracts exist, catering to diverse applications.Risks associated with smart contracts include vulne...

What are the main features of a smart contract?
Mar 13,2025 at 10:20pm
Key Points:Smart contracts automate the execution of agreements. Their core functionality relies on pre-defined conditions and cryptographic security.Immutability and transparency are key features, ensuring that once deployed, the contract's code cannot be altered without consensus (depending on the blockchain), and all transactions are viewable on the ...

How does a smart contract work?
Mar 13,2025 at 09:05pm
Key Points:Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code.They operate on a blockchain, ensuring transparency, security, and immutability.Deployment involves writing code, compiling it, and deploying it to a blockchain network.Execution is triggered by pre-d...

What is the settlement method of DOGE contract?
Mar 14,2025 at 09:30am
Key Points:Dogecoin (DOGE) contract settlement methods primarily depend on the exchange or platform offering the contract.Perpetual contracts typically use a mark price for settlement, avoiding the need for physical delivery of DOGE.Delivery contracts require the actual delivery of DOGE at contract expiration.Understanding the specific settlement mechan...
See all articles
