ETH Perpetual Contract Guide
How is the ETHUSDT Perpetual Contract Quoted?
The ETHUSD contract’s underlying price is the BTEXETH Index. It is an equally weighted index using the Bitstamp, Kraken, and GDAX USD ETH/USD prices. Both the underlying and the swap contract are quoted in USD. Margin and PNL are denominated in ETH.
|ETH Contract Value||0.001 ETH|
|USD Contract Value||0.001 ETH * USDT/ETH Price|
|PnL Calculation||Contracts * 1 ETH * (1/Entry Price - 1/Exit Price)|
Traders who want to profit from an increase in the ETH/USDT price, will buy the ETHUSDT contract. Conversely, if they believe the price will go down they will sell the contract.
Margin and Leverage
All margin is posted in USDT, which means traders can go long or short this contract using only USDT. The ETHUSDT contract features a high leverage of up to 50x.
The ETH/USDT Index is currently being used for the ETHUSDT Perpetual Contract. The constituents are as below:
At this time, weightings are equal weighted. In the future, we may adjust this index. Any adjustments will be made with ample notification.
Marking and Settlement
As the ETHUSDT contract is perpetual, there is no settlement. Marking for Unrealised PNL and Liquidation purposes are done according to the Fair Price Marking system.
Note also: since this product is a perpetual contract, funding occurs every 8 hours. Please see the Funding Section in the Perpetual Contracts Guide for information, and for the current rates please see Funding Calculation in the ETHUSDT Contract Specifications.
ETHUSDT: Contract Specification
The base currency is ETH。
The quote currency USDT。
ETHUSDT is a ETH/USDT perpetual contract priced on the ETH/USDT Index. Each contract is worth 0.001 ETH.
Funding is paid and received every 8 hours.
|Interest Base Rate||0.03%|
|Interest Quote Rate||0.06%|
|Funding Interval||every 8 hours|
|Next Funding||2019-04-22 12:00:00 (UTC0)|
|Auto-Deleveraging Enabled||Yes: This contract is highly speculative and manages loss through auto-deleveraging.|
|24H Turnover||123,731 ETH|
|Type||Settled in ETH，quoted in USD|
|Contract Size||1 USD|
|Settlement||This contract is perpetual and does not settle.|
|Commission||See the Fees Reference for more details.|
|Minimum Price Increment||0.1|
|Max Order Quantity||50000|