📋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 | See Liquidations |
Product Specific specs
TBD
Taker/Maker fees for most products will be 2/-1 BPS.
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