Contract definitions for the EMX US Equity Market Index Perpetual Swaps Contract. It tracks the 500 largest and most liquid stocks in the US.
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 EMX USEQUITY Perpetual prices with underlying spot prices.
Underlying Index | EMX US500 Index |
Contract Size | $1 (Every point move of the contract is equal to $1) |
Minimum tick size | 0.25 |
Initial Margin | 0.5% + 0.5% per 100 contract increase in position size (200x max leverage) |
Liquidation Level | 50% of Initial Margin |
Funding | Funding is paid every 8 hours to only those holding positions at 04:00, 12:00, 20:00 UTC time |
Mark Price Band | 0.5% |
Expiration | Never Expires |
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 | 1,000,000 Contracts |
Price protection | +- 5% for Market Orders; +6% for Buy Limit Orders; -6% for Sell Limit Orders |
Trading Hours | UTC 22:00 Sunday - UTC 20:00 Friday |
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