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 GOLD Contract (Every point move of the contract is equal to $1)|
|Minimum tick size||0.10|
|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|
|Mark Price Band||0.5%|
|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||200 Contracts|
|Price protection||+- 5% for Market Orders; +6% for Buy Limit Orders; -6% for Sell Limit Orders|
|Trading Hours||UTC 22:00:10 - 21:00:00 Sunday to Friday (closed daily from 21:00-22:00:10 UTC)|