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 | |
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 |
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