To see crypto-collateralised Perpetual Futures contract specifications, please visit the other page here.
Update 25 July, 2024:
We will cease to list new fixed maturity contracts for Bitcoin Cash after the current contracts settle.
- FI_BCHUSD_240726 will settle on 26 July, 2024 at 16:00 London time, no new FI_BCHUSD contract will be listed
- FI_BCHUSD_240927 will settle on 27 September, 2024 at 16:00 London time, no new FI_BCHUSD contract will be listed
Inverse Crypto-Collateral Fixed Maturity Contract Specifications
| Bitcoin-USD Futures | Ether-USD Futures | Litecoin-USD Futures | BitcoinCash-USD Futures | Ripple-USD Futures | ||
|---|---|---|---|---|---|---|
| Contract Symbol | FI_BTCUSD* | FI_ETHUSD | FI_LTCUSD | FI_BCHUSD** | FI_XRPUSD | |
| Instrument Type | Inverse Futures | Inverse Futures | Inverse Futures | Inverse Futures | Inverse Futures | |
| Settlement Index | CME CF Bitcoin Reference Rate (BRR) | CME CF Ether-Dollar Reference Rate | CME CF Litecoin-Dollar Reference Rate | CME CF Bitcoin Cash-Dollar Reference Rate** | CME CF Ripple-Dollar Reference Rate | |
| Settlement Platform Ticker | RR_XBTUSD | RR_ETHUSD | RR_LTCUSD | RR_BCHUSD** | RR_XRPUSD | |
| Contract Size | 1 USD | 1 USD | 1 USD | 1 USD | 1 USD | |
| Trading Hours | 24 hours/day, 7 days/week, 365 days/year (excluding maintenance) | |||||
| Price Quotation | U.S. Dollars per 1 bitcoin | U.S. Dollars per 1 Ether | U.S. Dollars per 1 Litecoin | U.S. Dollars per 1 bitcoincash | U.S. Dollars per 1 Ripple XRP | |
| Tick Size | 0.5 USD | 0.05 USD | 0.01 USD |
0.1 USD |
0.0001 USD | |
| Listed Contracts | Month, Quarter, Semiannual | Month, Quarter, Semiannual | Month, Quarter | Month, Quarter | Month, Quarter | |
| Settlement method | Cash settled in BTC | Cash settled in ETH | Cash settled in LTC | Cash settled in BCH | Cash settled in XRP | |
| Settlement time | Within 15 minutes after Last Trading | |||||
| Last Trading |
16:00 London time Month: Last Friday of the month Quarter: Last Friday of a month in the March quarterly cycle (March, June, September, December) Semiannual: Last Friday of a month in the March quarterly cycle (March, June, September, December) Semiannual maturity is available for FI_BTCUSD and FI_ETHUSD contracts only |
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First Trading |
For FI_BTCUSD and FI_ETHUSD contracts: 16:00 London time Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. Semiannual: The last Friday of the calendar month where a Month contract and Quarter contract exists. For FI_BTCUSD and FI_ETHUSD, the fixed maturity listing schedule results in there always being listed simultaneously three contracts: a Month contract, a Quarter contract, and a Semiannual contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract, the September semiannual contract will become the September quarterly contract, and the new semiannual contract for December will be listed. For all other inverse contracts: 16:00 London time Month: The last Friday of the calendar month where no contract exists in the following calendar month. Quarter: The last Friday of the calendar month where a contract exists in the following calendar month. The fixed maturity listing schedule results in there always being listed simultaneously two contracts: a Month contract and a Quarter contract. No contract can have the same remaining days to maturity as another currently-listed contract, therefore at maturity, if the days remaining to maturity on one contract correspond to the maturity of a contract with fewer days to maturity, it will roll into that maturity and the new contract with more days to maturity will be listed. For example, if the monthly contract expires on the 31st of May, then the June quarterly contract will become the June monthly contract, and the new September quarterly contract will be listed. For linear contracts on altcoins with less liquidity the listing schedule varies. |
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| Initial Margin | Minimum 2% | |||||
| Maintenance Margin | Half of Initial Margin | |||||
| Maximum Initial Leverage | Up to 50x in most contracts | |||||
| Position Limits | See Margin Schedule | |||||
| Mark Price |
Mark Price Calculation: The Mark Price is calculated using the Index Price plus the 30 seconds exponential moving average of the order book mid price minus the index price (future's basis). The premium is capped at 1% for contracts with 1 day to expiry and 20% for contracts with 210 days to expiry and is linearly interpolated in between. Calculation: Index Price + EMA_30seconds(Impact Mid Price - Index Price) |
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Note: in the extremely rare circumstance that the Index Price is unavailable for whatever reason, the above caps may not apply and the Mark Price will be equal to the Mid Price. |
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| Real Time Platform Ticker | IN_XBTUSD | IN_ETHUSD | IN_LTCUSD | IN_BCHUSD | IN_XRPUSD | |
| Margin & Settlement Currency | BTC | ETH | LTC | BCH | XRP | |
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*XBTUSD is used for logs download and API only |
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