Contracts Description

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 AssetZUBR BTCUSD Index
TickerBTC/USD
Expiry DatePerpetual (never expires)
Lot Size1 contract
Contract Size1 USD
TypeInverse
Tick Size0.1
Max Leverage20
Trading Hours24 hours per 7 days
Maker / Taker Trading Fees1 basis point (0.01%) /1 basis point (0.01%)
Funding IntervalEvery 5 minutes of calendar time
Risk Step100 BTC
Position LimitThe equivalent of 400 BTC
Funding Rate Cap±0.003%

ETHUSD Perpetual

Underlying AssetZUBR ETHUSD Index
TickerETH/USD
Expiry DatePerpetual (never expires)
Lot Size1 contract
Contract Size0.000001 BTC per 1 USD
TypeQuanto
Tick Size0.01
Max Leverage10
Trading Hours24 hours per 7 days
Maker / Taker Trading Fees1 basis point (0.01%) /1 basis point (0.01%)
Funding IntervalEvery 5 minutes of calendar time
Risk Step50 BTC
Position LimitThe Equivalent of 200 BTC
Funding Rate Cap±0.003%

ETHBTC Perpetual 

Underlying AssetZUBR ETHUSD and BTCUSD Indexes ratio
TickerETH/BTC
Expiry DatePerpetual (never expire)
Lot Size1 contract
Contract Size1 ETH
TypeVanilla
Tick Size0.00001
Max Leverage10
Trading Hours24 hours per 7 days
Maker / Taker Trading Fees1 basis point (0.01%) /1 basis point (0.01%)
Funding IntervalEvery 5 minutes of calendar time
Risk Step50 BTC
Position LimitThe equivalent of 200 BTC
Funding Rate Cap±0.003%