ZUBR Perpetual is a derivative product in the form of a future contract with no expiration date.
Perpetual Contracts with Up to 20x Leverage
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.
|Contract size||1 USD||0.000001 BTC||1 ETH|
|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%|
|instrument||Max Risk Limit||IML||PLML||FLML|