BitMEX halted trading on 23 September 2026. Withdrawals only.
They invented the contract. We keep it on Bitcoin.
The inverse perpetual BitMEX created in 2016, still running on Bitcoin: up to 100×, margin and P&L in sats, isolated or cross. Deposit over Lightning and be in a position in under a minute.
Email sign-up. Look around before you fund anything.
The contract, line by line
The contract you know, on a venue that settles over Lightning. Every row below is live today.
| Feature |  until 23 Sep 2026 |  |
|---|---|---|
| Flagship contract | BitMEXXBTUSD inverse perpetual | LN MarketsBTCUSD inverse perpetual. 1 contract = 1 USD, margin and P&L in sats |
| Max leverage | BitMEX100× | LN Markets100× |
| Margin modes | BitMEXIsolated and cross | LN MarketsIsolated and cross |
| Funding | BitMEXEvery 8 hours | LN MarketsEvery 8 hours (00:00, 08:00, 16:00 UTC), aggregated from Binance, Bybit and OKX and passed through 1:1 |
| Order types | BitMEXMarket, limit, stoploss, take profit, trailing stop | LN MarketsMarket, limit, stoploss, take profit, trailing stop |
| Deposits and withdrawals | BitMEXOn-chain BTC, confirmations required | LN MarketsLightning in seconds, plus on-chain BTC and Liquid |
| API | BitMEXREST and websocket | LN MarketsREST v3 and websocket streams, API keys with scoped permissions |
| Test environment | BitMEXTestnet | LN MarketsSignet, same app, same API, test coins |
| Trading fee | BitMEXTaker 0.075%, maker rebate | LN Markets0.10% per trade, down to 0.06% on volume. One rate, both sides, no rebate to chase |
BitMEX column reflects the product as offered before the wind-down. Verify current LN Markets terms on the contract specification page.
Same contract. Better plumbing.
Deposit in seconds, not blocks
Fund your account over Lightning and trade immediately. Withdraw the same way when you are done. Nothing sits waiting for confirmations.
Price from three exchanges, not one
Your fills, funding and liquidations run on a weighted basket of Binance, Bybit and OKX. One venue's wick cannot hunt your stop. You fill at the price you see.
Bitcoin only, sats in and sats out
No stablecoin leg, no fiat rail. Margin, P&L and fees are all in sats, exactly like an inverse contract should be. Your balance is bitcoin the whole time.
Three steps, one coffee
- 01
Withdraw from BitMEX
BitMEX asks users to withdraw remaining balances as soon as possible. Send it straight to your LN Markets deposit address, or to your own wallet first if you prefer.
- 02
Create your LN Markets account
Email and password. That’s it.
- 03
Deposit and open your first position
Pay a Lightning invoice and the sats land in seconds, or send on-chain if you prefer.
Questions BitMEX traders are asking
Full contract specifications and fees are in the docs.
Is BitMEX really closed?
Yes. BitMEX announced its wind-down on 23 July 2026 and halted trading, deposits and new positions on 23 September 2026. Accounts stay open for withdrawals only. Details are on bitmex.com/wind-down.
Can I move my BitMEX balance to LN Markets?
Withdraw your BTC from BitMEX to a wallet you control, then deposit on LN Markets over Lightning, on-chain or Liquid. A BitMEX BTC withdrawal can go straight to your LN Markets on-chain deposit address, no intermediate wallet needed.
What is the closest thing to XBTUSD?
The BTCUSD inverse perpetual. One contract is one US dollar, margin and P&L are in sats, leverage goes up to 100×, isolated or cross margin, funding every 8 hours. The payoff formula is the same inverse formula you traded on BitMEX.
Where does the price come from?
A weighted basket of BTC/USD perpetuals on Binance, Bybit and OKX. Fills, take profits, stop losses and liquidations all trigger on the basket.
What are the fees?
One trading fee on open and close, 0.10% of notional by default, falling to 0.08%, 0.07% and 0.06% as your 30-day volume grows. Funding is passed through from the reference markets with no spread added.
Is there an API for my bots?
Yes. A REST API and a websocket stream for prices, positions and orders, with scoped API keys. You can test everything on Signet.
