Contract definitions for the EMX BTCUSD Perpetual Contract.
A Perpetual Contract is similar to a future, however, it does not have an expiration date. EMX employs funding payments every 8 hrs between buyers and sellers of the contract to align exchange traded BTCUSD Perpetual Contract prices with underlying spot BTCUSD prices.
|Underlying Index||EMX BTC Index|
|Contract Size||1 BTC (Every point move of the contract is equal to $1)|
|Minimum tick size||0.5|
|Next funding rate|
|Next funding time|
|Mark Price Band||0.5%|
|Fees||Taker fee of 0.075%. Maker rebate of 0.03%. Liquidation fee of 0.25%, which is added to the insurance fund.|
|Position Limit||1000 Contracts|
|Price protection||+- 6% for Market Orders; +5% for Buy Limit Orders; -5% for Sell Limit Orders|
|Trading Hours||24 hrs/day, 7 days/week, 365 days/year (excluding maintenance)|