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Futures Contract Specifications
For each expiry a futures market will be initialised. This is to align expiries and liquidity across futures and options.
The following schema is used for Futures Contract specifications:
Schema
Specification
Contract
SOL/USD
Underlying Oracle Feed
Multiplier
1
Multiplier Currency
SOL
Expiries
2 Weekly Expiries at Friday 8:00AM UTC, with new expiries being introduced on Thursday 8:00AM UTC
Initial Margin Requirements
20% of spot price for orders which add to the existing position
Maintenance Margin Requirements
10% of spot price
Fees
Taker Fees: min(0.3% of underlying, 5% of trade price).
Maker fees: 0. Whitelisted addresses will receive a 0%/0% fee structure.
Settlement Price
Oracle price at time of settlement (last print, not TWAP)
Liquidation Rewards
35% of the maintenance margin for the future
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