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.

Citrex 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.

The generic specifications are below and there are product-specific values in the Product Specific specs table:

Contract Type	ETH Perpetual Futures
Underlying Asset	Citrex 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	See Product Specific specs
Trading Fees	See Product Specific specs
Initial Margin	See Product Specific specs
Maintenance Margin	See Product Specific specs
Max Leverage	See Product Specific specs
Liquidation Fee	See Liquidations