Futures
1. Perpetual Futures
|
Product Name |
ETH Futures - Perpetual |
|
Underlying Index |
|
|
Product Type |
Futures |
|
Ticker |
ETH-PERP |
|
Contract Size |
1 ETH (Every point move of the contract is equal to $1) |
|
Calculation Currency |
USD Stablecoin (USD) |
|
Minimum Quantity |
0.0001 |
|
Quantity Step |
0.0001 |
|
Tick Size |
0.01 |
|
Initial Margin |
Check out Initial Margin Calculation |
|
Liquidation Level |
60% of Initial Margin |
|
Funding is paid every 1 hour to only those holding positions at the hour. If positive, longs pay the shorts; If negative, shorts pay the longs |
|
|
Mark Price |
See our Mark Price Methodology |
|
Mark Price Band |
0.50% |
|
Expiration |
Never Expire |
|
Liquidation Fee |
0.30% |
|
Trading Hour |
Continuous |
|
Price Protection |
+-5% for market orders; +-10% for Limit Orders |
|
Final Settlement Price |
N/A |
2. Quarterly Futures
|
Product Name |
ETH Futures - [Mmm YYYY] ("ETH Futures - Dec 20") |
|
Underlying Index |
|
|
Product Type |
Futures |
|
Ticker |
ETH-[month][year] ("ETH-Z20")* |
|
Contract Size |
1 ETH (Every point move of the contract is equal to $1) |
|
Calculation Currency |
USD Stablecoin (USD) |
|
Minimum Quantity |
0.0001 |
|
Quantity Step |
0.0001 |
|
Tick Size |
0.50 |
|
Initial Margin |
Check out Initial Margin Calculation |
|
Liquidation Level |
60% of Initial Margin |
| Expiry Date | Last Friday of the Quarter |
| Final Settlement Price | 3am (UTC) on the expiry date [60min TWAP]** |
|
Settlement Method |
Cash Settled |
|
Settlement Currency |
USD Stablecoin (USD) |
|
Mark Price Band |
12.5% |
|
Liquidation Fee |
0.30% |
|
Trading Hour |
Continuous |
|
Price Protection |
+-5% for market orders; +-10% for Limit Orders |
3. Futures Spread Market
|
Product Name |
ETH Futures Spread - Perp / [Mmm YYYY] ("ETH Futures Spread - Perp / Dec 2020") |
|
Underlying Index |
|
|
Product Type |
Futures Spread |
|
Ticker |
ETH-PERP-[M][YY] ("ETH-PERP-Z20")* |
|
Far Leg (Long) |
ETH-[M][YY] |
|
Front Leg (Short) |
ETH-PERP |
|
Minimum Quantity |
0.0001 |
|
Quantity Step |
0.0001 |
|
Tick Size |
0.50 |
|
Initial Margin |
Check out Initial Margin Calculation |
|
Liquidation Level |
60% of Initial Margin |
| Last Trading Date | Expiry Date of Quarterly Futures |
|
Trading Hour |
Continuous |
*Code for Quarterly Month: March (H), June (M), September (U), December (Z)
**60mins TWAP (Time weighted average price): Snapshot is taken every min from UTC 2am to 3am, the Final Settlement price is the average of the 60 prints
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