Index price of an underlying asset is a weighted average of the asset’s prices on the major spot markets.
USD margined perpetual swap adopts the corresponding underlying asset’s USD (including BIT USD basket stablecoins) index prices. For example, BTCUSD PERP adopts the BTC/USD and BTC/USDC spot market prices of the major exchanges as the index price.
1. BIT will update the index components and weights from time to time, please visit the index price page for the latest information.
2. For more information on the calculation of BIT index, please click here.
3. When there is a lack of credible external USD index price, the USDT index price of the underlying asset will be adopted and converted to the USD index price.