Contract definitions for the EMX Gold Perpetual Swaps 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 EMX Gold Perpetual prices with underlying spot prices.
|Underlying Index||EMX GOLD Index|
|Contract Size||$1 (Every point move of the contract is equal to $1)|
|Minimum tick size||0.10|
|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%|
|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 22:01 - 21:00 Sunday to Friday|