To see Perpetual Futures contract specifications, please visit the other page here.
Fixed Maturity Contract Specifications
| Bitcoin-USD Futures | Ether-USD Futures | Litecoin-USD Futures | BitcoinCash-USD Futures | Ripple-USD Futures | ||
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| Contract Symbol | FI_XBTUSD | FI_ETHUSD | FI_LTCUSD | FI_BCHUSD | FI_XRPUSD | |
| Instrument Type | Inverse Futures | Inverse Futures | Inverse Futures | Inverse Futures | Inverse Futures | |
| Settlement Index | CME CF Bitcoin Reference Rate (BRR) | CME CF Ether Reference Rate | LTC:USD Settlement Price | BCH:USD Settlement Price* | XRP:USD Settlement Price | |
| Settlement Platform Ticker | RR_XBTUSD | RR_ETHUSD | RR_LTCUSD | RR_BCHUSD* | RR_XRPUSD | |
| Contract Size | 1 USD | 1 USD | 1 USD | 1 USD | 1 USD | |
| Trading Hours | 24 hours/day, 7 days/week, 365 days/year (excluding maintenance) | |||||
| Price Quotation | U.S. Dollars per 1 bitcoin | U.S. Dollars per 1 Ether | U.S. Dollars per 1 Litecoin | U.S. Dollars per 1 Bitcoincash | U.S. Dollars per 1 Ripple XRP | |
| Tick Size | 0.5 USD | 0.05 USD | 0.01 USD |
0.1 USD |
0.0001 USD | |
| Listed Contracts | Month, Quarter, Semiannual | Month, Quarter, Semiannual | Month, Quarter | Month, Quarter | Month, Quarter | |
| Settlement method | Cash settled in XBT | Cash settled in ETH | Cash settled in LTC | Cash settled in BCH | Cash settled in XRP | |
| Settlement time | Within 15 minutes after Last Trading | |||||
| Last Trading |
16:00 London time. Month: Last Friday of the month. Quarter: Last Friday of a month in the March quarterly cycle (March, June, September, December). Semiannual: Last Friday of a month in the March quarterly cycle (March, June, September, December). Semiannual maturity is available for FI_XBTUSD and FI_ETHUSD contracts only. |
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First Trading |
For FI_XBTUSD and FI_ETHUSD contracts: 16:00 London time. Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. Semiannual: The last Friday of the calendar month where a Month contract and Quarter contract exists. For FI_XBTUSD and FI_ETHUSD, the fixed maturity listing schedule results in there always being listed simultaneously three contracts: a Month contract, a Quarter contract and a Semiannual contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract, the September semiannual contract will become the September quarterly contract and the new semiannual contract for December will be listed. For all other inverse contracts: 16:00 London time. Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. The fixed maturity listing schedule results in there always being listed simultaneously two contracts: a Month contract and a Quarter contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract and the new September quarterly contract will be listed. For linear contracts on altcoins with less liquidity the listing schedule varies. |
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| Initial Margin | 2-6% (Professional clients), 50% (Retail clients) | |||||
| Maintenance Margin | Half of Initial Margin | |||||
| Maximum Initial Leverage | 17x-50x (Professional clients), 2x (Retail clients) | |||||
| Position Limits | See Margin Schedule | |||||
| Mark Price | Mid Price bounded by CME CF Bitcoin Real Time Index (BRTI) with anti-manipulation measure | Mid Price bounded by CME CF Ether Real Time Index with anti-manipulation measure | Mid Price bounded by LTC:USD Spot Rate with anti-manipulation measure | Mid Price bounded by BCH:USD Spot Rate with anti-manipulation measure | Mid Price bounded by XRP:USD Spot Rate with anti-manipulation measure | |
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The Mark Price is calculated using the Premium that is bound to the Mid Price, which is capped at a premium of 1% for contracts with 1 day to expiry and 10% for contracts with 180 days to expiry and is linearly interpolated in between. Note: in the extremely rare circumstance that the Index Price is unavailable for whatever reason, the above caps may not apply and the Mark Price will be equal to the Mid Price. |
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| Real Time Platform Ticker | IN_XBTUSD | IN_ETHUSD | IN_LTCUSD | IN_BCHUSD | IN_XRPUSD | |
| Margin & Settlement Currency | XBT | ETH | LTC | BCH | XRP | |
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*Note that if the settlement rate reported by the Index is, for any reason, deemed to not adequately represent the underlying market, the Mark Risk Committee of Crypto Facilities reserves the right to select its own appropriate fair value settlement rate. |
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