Contracts
ZUBR Perpetual is a derivative product in the form of a future contract with no expiration date.
Perpetual Contracts with Up to 20x Leverage
ZUBR Perpetual is a derivative product in the form of a future contract with no expiration date. Each ZUBR Perpetual is based on its corresponding proprietary composite ZUBR Index derived from the prices of instruments traded on a number of different cryptocurrency spot markets with outliers filtered out.
To make the price of the ZUBR Perpetual closely follow the price of the underlying ZUBR Index we rely on an adjustment mechanism. If the price of ZUBR Perpetual is higher than that of the corresponding ZUBR Index, traders holding a long position will be paying a respective BTC compensation to the traders holding a short position every 5 minutes. The opposite logic applies when the price of ZUBR Perpetual is lower than that of the corresponding ZUBR Index. This price adjustment mechanism ensures that the price of the ZUBR Perpetual stays close to the underlying asset price even though ZUBR Perpetual is never actually settled.
| instrument | BTCUSD | ETHUSD | ETHBTC | |||
|---|---|---|---|---|---|---|
| Settled in | Bitcoin | Bitcoin | Bitcoin | |||
| Contract size | 1 USD | 0.000001 BTC | 1 ETH | |||
| Price step | 0.1 | 0.01 | 0.00001 | |||
| Max leverage | 20x | 10x | 10x | |||
| Trading hours | 24 hours 7 days per week | |||||
| Funding period | Every 5 minutes | |||||
| Maker/Taker fee | Only 0.01% or 1 basis point | |||||
| Price Band | Mark Price ± 5% | |||||
Risk Limits
| instrument | Max Risk Limit | IML | PLML | FLML | |
|---|---|---|---|---|---|
| BTCUSD | 100 BTC | 5% | 2% | 1% | |
| ETHUSD | 50 BTC | 10% | 2% | 1% | |
| ETHBTC | 50 BTC | 10% | 2% | 1% | |