To see Fixed Maturity Contract specifications, please visit their page here.
These contracts are listed on the Crypto Facilities MTF.
Perpetual Futures are a type of Futures contract that have no expiration date and have an auto-rolling feature every hour. These contracts feature a funding rate, which is a user-to-user payment designed to keep the price of the perpetual futures contract aligned to its underlying asset’s index price (i.e. the spot price of the underlying asset). If the premium is above zero, then the long positions payout to short positions, and if the premium is below zero, then the short positions pay out to the long positions. Traders will either pay or receive funding depending on the market movements. The price divergence is calculated every hour and funding credits/debits accumulate as unrealised profit/loss settling at the end of each hour or when the net position changes.
Below you can find three sections: a detailed table with the specifications of each contract, funding rate and other important information followed by multiple examples to demonstrate the mechanics of a perpetual contract. All single-collateral inverse futures use individualised margin wallets for the contract's respective underlying asset. For single-collateral inverse futures, profit/loss and funding are realised in the base currency.
Click below to expand each section:
Contract Specifications Table
Funding Rate and Other Important Information
Funding Rate Examples
The decimal and thousands separators shown in this article may differ from the formats displayed on our trading platforms. Review our article on how we use points and commas for more information.
Last updated 15 December, 2022