Currently, ZUBR offers Perpetual Contracts only. Perpetual Contracts are futures-like derivative contracts that have no expiration date and tend to be traded close to the underlying reference Index value.
Each Perpetual Contract is based on the underlying reference Index. Indices act as the Mark Price for the instruments traded on ZUBR and they trigger the client’s position liquidation. Indices represent fair market prices for the underlying assets at any time and they are used to calculate the funding payments.
The funding Mechanism stimulates traders to keep the contract market price close to the Mark Price or underlying Index value (both are the same). Funding occurs every five (5) minutes. ZUBR does not charge any fees for these payments.
BTCUSD Perpetual
| Underlying Asset | ZUBR BTCUSD Index |
| Ticker | BTC/USD |
| Expiry Date | Perpetual (never expires) |
| Lot Size | 1 contract |
| Contract Size | 1 USD |
| Type | Inverse |
| Tick Size | 0.1 |
| Max Leverage | 20 |
| Trading Hours | 24 hours per 7 days |
| Maker / Taker Trading Fees | 1 basis point (0.01%) /1 basis point (0.01%) |
| Funding Interval | Every 5 minutes of calendar time |
| Risk Step | 100 BTC |
| Position Limit | The equivalent of 400 BTC |
| Funding Rate Cap | ±0.003% |
ETHUSD Perpetual
| Underlying Asset | ZUBR ETHUSD Index |
| Ticker | ETH/USD |
| Expiry Date | Perpetual (never expires) |
| Lot Size | 1 contract |
| Contract Size | 0.000001 BTC per 1 USD |
| Type | Quanto |
| Tick Size | 0.01 |
| Max Leverage | 10 |
| Trading Hours | 24 hours per 7 days |
| Maker / Taker Trading Fees | 1 basis point (0.01%) /1 basis point (0.01%) |
| Funding Interval | Every 5 minutes of calendar time |
| Risk Step | 50 BTC |
| Position Limit | The Equivalent of 200 BTC |
| Funding Rate Cap | ±0.003% |
ETHBTC Perpetual
| Underlying Asset | ZUBR ETHUSD and BTCUSD Indexes ratio |
| Ticker | ETH/BTC |
| Expiry Date | Perpetual (never expire) |
| Lot Size | 1 contract |
| Contract Size | 1 ETH |
| Type | Vanilla |
| Tick Size | 0.00001 |
| Max Leverage | 10 |
| Trading Hours | 24 hours per 7 days |
| Maker / Taker Trading Fees | 1 basis point (0.01%) /1 basis point (0.01%) |
| Funding Interval | Every 5 minutes of calendar time |
| Risk Step | 50 BTC |
| Position Limit | The equivalent of 200 BTC |
| Funding Rate Cap | ±0.003% |