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 | |
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 | |
Settlement Price | Oracle price at time of settlement (last print, not TWAP) |
Liquidation Rewards | 35% of the maintenance margin for the future |
Last modified 2mo ago