Perpetual Specifications

Perpetuals are a derivative akin to a future, except without an expiration. A funding rate mechanism helps keep perpetual futures prices close to the spot price of the underlying asset, see Funding and Pricing.

Rysk margins perps within the cross margin framework, where perps are assigned a quote asset value which forms the portfolio of a given sub account. The margin value in the table below refers to the margin factor of an individual perp, but the margin of a perp can be improved if it is a component of a spread, meaning it is a short perp position completely offset by a long spot position.

Contract Type	Perpetual Futures
Underlying Asset	rysk index price (derived from STORK oracle price)
Quote Asset	​USDC​
Contract Size	1 contract = 1 ASSET
Funding Rate	See Funding and Pricing
Funding Period	1 hour
Mark Pricing	See Funding and Pricing​
Minimum Order Value	Given per product​​
Trading Fees	Given per product​​
Initial Margin	Given per product​​
Maintenance Margin	Given per product​​
Max Leverage	Given per product​
Liquidation Fee	See Liquidations