Perpetual Specifications
Perpetuals are a derivative akin to a future, except without an expiration. A funding rate mechanism helps keep perpetual futures prices close to the spot price of the underlying asset, see Funding and Pricing.
100x margins perps within the cross margin framework, where perps are assigned a quote asset value which forms the portfolio of a given sub account. The margin value in the table belows refers to the margin factor of an individual perp, but the margin of a perp can be improved if it is a component of a spread, meaning it is a short perp position completely offset by a long spot position.
The generic specifications are below and there are product specific values in the Product Specific specs table:
Contract Type
ETH Perpetual Futures
Underlying Asset
100x index price (derived from STORK oracle price)
Quote Asset
Contract Size
1 contract = 1 ASSET
Funding Rate
Funding Period
1 hour
Mark Pricing
Minimum Order Value
Trading Fees
Initial Margin
Maintenance Margin
Max Leverage
Liquidation Fee
Product Specific specs
TBD
Taker/Maker fees for most products will be 2/-1 BPS.
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