Contract definitions for the EMX US500 Perpetual Swap contract. It tracks the 500 largest and most liquid stocks in the US.
A Perpetual Swap 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 EMX traded US500 Perpetual Swap prices with the underlying spot price.
| Underlying Index | EMX US500 Index |
| Contract Size | 1 US500 Contract (Every point move of the contract is equal to $1) |
| Minimum tick size | 0.25 |
| Initial Margin | 1.50% + 0.25% per 1 contract increase in position size (67x max leverage) |
| Liquidation Level | 75% of Initial Margin |
| Funding | Funding is paid every 8 hours to only those holding positions at 04:00, 12:00, 20:00 UTC time. If positive, longs pay the shorts; If negative, shorts pay the longs. |
| Mark Price Band | 0.5% |
| Expiration | Never Expires |
| Fees | Taker fee of 0.035%. Maker rebate of -0.0125%. Liquidation fee of 0.25%, which is added to the insurance fund. Fee discounts for Volume and EMX holdings are described here. |
| Position Limit | 100 Contracts |
| Price protection | +- 5% for Market Orders; +6% for Buy Limit Orders; -6% for Sell Limit Orders |
| Trading Hours | UTC 22:00:10 Sunday - UTC 20:15:00 Friday (closed daily from 20:15-22:00:10 UTC) |
Comments
0 comments
Article is closed for comments.