ETH Perpetual Future

Product Specification

Instrument Type

Perpetual Future

Ticker

ETH/USDC[F]

Description

ETH/USDC [Perpetual Future]

Underlying

1 ETH

Settlement

Cash settled in USDC

Minimum Order Size

0.01 ETH

Tick Size

0.01 USDC

Expiry

The perpetual futures are non-expiring

Market Price

Last traded price

Mark Price

3-second TWAP of the Market Price or, if not available, Exchange Index + Basis at last basis calculation.

The TWAP is based on the average of the open, high, low and close of each 1 second bar.

The Mark Price will be capped at (Exchange Index + 0.2%) and floored at (Exchange Index - 0.2%)

Max Leverage

125x

Margin requirements

See Leverage & Margin

Basis

8 hour TWAP of (Spot Market Price - Future Market Price)

The Basis is capped/floored at +/- 0.375% x Mark Price

Basis Payment

Position Size x Basis

Basis Calculation Window

Based on an 8-hour TWAP period

Basis Settlement

Basis settlements take place every day at 04:00, 12:00 and 20:00 UTC

Fees

Fees are charged based on the customer fee tier (Perpetual Futures Fees)

Liquidation Fee

0.375%

Position Limit

There is no maximum position limit for this product

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