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TRX_USDT Contract

  • TRX Perpetual Contract Guide

                TRON: Decentralize the Web TRON is dedicated to building the infrastructure for a truly decentralized Internet. The TRON Protocol, one of the largest blockchain-based operating systems in the world which offers scalability, high-availability, and high-throughput computing (HTC) support that serves as the foundation for all decentralized applications in the TRON ecosystem. It also provides better compatibility for Ethereum smart contracts through an innovative, pluggable smart contract platform.

    You can trade TRX on BTEX through a new, innovative type of contract called a Perpetual Contract which is aimed at replicating the underlying spot market but with enhanced leverage. This product does not have an expiry date and is able to closely track the underlying reference Price Index through various mechanisms, the main of which is known as the Funding Rate.

    How is the TRXUSDT Perpetual Contract Quoted?

    The TRXUSDT futures’ underlying is the TRX/USDT exchange rate on Bitstamp, Kraken and GDAXYIT as recorded in the .BTEXTRX Index. The futures are quoted in USD and all margin and PNL calculations are denominated in TRX.


    Contract Calculations
    BTC Contract Value1USDT/TRXUSDT Price
    USDT Contract Value1 USDT
    PnL CalculationContracts * 1USD * (1/Entry Price - 1/Exit Price)

    Traders who want to profit from an increase in the TRX/USDT price, will buy the TRXUSDT contract. Conversely, if they believe the price will go down they will sell the contract.

    Margin and Leverage

    All margin is posted in TRX, which means traders can go long or short this contract using only TRX. The TRXUSDT contract features a high leverage of up to 50x.

              Price Index

    The TRXUSDT Index is currently being used for the TRXUSDT Perpetual Contract. The constituents are as below:

    ExchangeWeight
    Bitstamp33.33%
    Kraken33.33%
    GDAX33.33%

    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 TRXUSDT 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 TRXUSDT Contract Specifications.

  • TRXUSDT: Contract Specification

    The base currency is TRX.
    The quote currency is USDT.

    Description

    TRXUSDT is a TRX/USD perpetual contract priced on the TRXUSDT Index. Each contract is worth 1 USD of TRX.

    Funding is paid and received every 8 hours.

完整的合约详情

Symbol TRX_USDT
Expiry Date Perpetual
Initial Margin 5%
Maint. Margin 2.5%
Interest Base Rate 0.03%
Interest Quote Rate 0.06%
Funding Rate 0.01%
Funding Interval every 8 hours
Next Funding 2019-04-22 12:00:00 (UTC0)
Predicted Rate 0.01%
Fair Price 0.02517
Auto-Deleveraging Enabled Yes: This contract is highly speculative and manages loss through auto-deleveraging.
Mark Price 0.02517
Open Interest 1,834,753
24H Turnover 218,195,824 TRX
Total Volume 5,339,469
Type Settled in TRX,quoted in USDT
Contract Size 1 USDT
Settlement This contract is perpetual and does not settle.
Commission See the Fees Reference for more details.
Minimum Price Increment 0.00001
Max Price 1.00000000
Max Order Quantity 100000
Lot Size 10
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