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 |
Comments
0 comments
Please sign in to leave a comment.