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Futures Contract Specifications

For each expiry a futures market will be initialised. This is to align expiries and liquidity across futures and options.
The following schema is used for Futures Contract specifications:
Schema
Specification
Contracts
SOL/USD, BTC/USD, ETH/USD
Underlying Oracle Feed
Pyth: SOL/USD Feed, BTC/USD Feed, ETH/USD Feed
Multiplier
1
Multiplier Currency
Underlying (SOL, BTC, ETH)
Expiries
2 Weekly Expiries at Friday 8:00AM UTC, with new expiries being introduced on Thursday 8:00AM UTC
Initial Margin Requirements
10% of spot price for orders which add to the existing position This is applied to max(long lots, short lots), rather than long + short lots.
Maintenance Margin Requirements
6.5% of spot price
Fees
Taker Fees: 0.10% of underlying
Maker fees: 0% (Default)
Maker Rebates: See Market Maker Program
Settlement Price
Oracle price at time of settlement (last print, not TWAP)
Liquidation Rewards
35% of the maintenance margin for the future