Perpetual Swaps Contract Specifications
Perpetual Futures are similar to dated futures, just without an expiry date. Instead, a funding rate is applied to your position based on market activity.
The following schema is used for Perps Contract specifications:
Schema | Specification |
|---|---|
Contracts | SOL/USD, BTC/USD, ETH/USD, APT/USD |
Underlying Oracle Feed | |
Multiplier | 1 |
Multiplier Currency | Underlying (SOL, BTC, ETH, APT) |
Initial Margin Requirements | 10% of spot price for orders which add to the existing position for SOL, BTC, ETH; 25% of spot price for APT
This is applied to max(long lots, short lots), rather than long + short lots. |
Maintenance Margin Requirements | 6.5% of spot price for SOL, BTC, ETH; 10% of spot price for APT |
Fees | |
Liquidation Rewards | 35% of the maintenance margin for the future |
Funding Rate Bounds | ±2% per day |
Funding rates on Zeta are calculated on Zeta approximately every 10 seconds.
Rather than applying funding on a set timer, we apply it to your balance on any balance-sensitive operation (placeOrder, withdraw, liquidate, etc.), as well as every couple of minutes using our cranks.
At any point you can apply any unpaid funding to your account with our SDK's
utils.applyPerpFunding() function.Last modified 2mo ago