Futures allow taking a leveraged long or short position in an underlying asset.
Crypto Facilities currently lists the following Futures:
| Bitcoin-Dollar Futures | Ether-Dollar Futures | Litecoin-Dollar Futures | Bitcoin Cash-Dollar Futures | Ripple-Dollar Futures | Ripple-Bitcoin Futures | |
| Ticker | FI_XBTUSD | FI_ETHUSD | FI_LTCUSD | FI_BCHUSD | FI_XRPUSD | FV_XRPXBT |
| Type | Inverse | Inverse | Inverse | Inverse | Inverse | Vanilla |
| Contract Size | 1 U.S. Dollar | 1 U.S. Dollar | 1 U.S. Dollar | 1 U.S. Dollar | 1 U.S. Dollar | 1 Ripple XRP |
| Max Leverage | 50x | 50x | 50x | 50x | 50x | 50x |
| Maturities |
Perpetual, Monthly, Quarterly, Semiannual |
Perpetual, Monthly, Quarterly , Semiannual |
Perpetual, Monthly, Quarterly | Perpetual, Monthly, Quarterly | Perpetual, Monthly, Quarterly | Perpetual, Quarterly |
Fixed maturity contract specifications are described in detail here.
To trade Futures, margin needs to be deposited in the relevant cryptocurrency. For example, Bitcoin must be deposited to trade Bitcoin-Dollar Futures and Ripple-Bitcoin Futures and Ether must be deposited to trade Ether-Dollar Futures.
Futures come with four maturities:
- Perpetual: Further details
- Month: expiring the last Friday of every month
- Quarter: expiring the last Friday of the month on the March quarterly cycle (March, June, September, and December)
- Semiannual: expiring the last Friday of the month on the March quarterly cycle (March, June, September, and December). Semiannual maturity is available for FI_XBTUSD and FI_ETHUSD contracts only
Once an instrument reaches maturity, it is cash settled automatically.
Positions can be exited at any time before maturity by trading out of the position.