Weekly Futures on ETH/DAI

OEX-FUT-ETH/DAI-2OCT-320

0xb5a6f3624cb36002df412f100197fcf0ea26d57c099024293bce6de58cde12cb

SHORT DESCRIPTION

Futures Contract on ETH/DAI price with 30% margin requirement and maturity of 2 October 2020. Each contract covers 1 ETH.

Type

Futures

Underlying

ETH price in DAI

Oracle

Chainlink on-chain DAI/ETH price feed

0x8570b5A7C41e6744Be543622e55b43 13F3CE9aBF

Contract size

1 ETH

Future price

320

Settlement

DAI

Buyer Margin*

96 DAI

Seller Margin**

96 DAI

Expiration

2 October 2020 8:00 UTC

Long wins^

Price on expiration - Future price

Short wins^

Future price - Price on expiration

^capped by initial margin

The derivative fee is 0,25% of the profit (only charges to profit makers) and received by derivative author

*maximum risk of buyer / gain of seller; **Maximum risk of seller / gain of buyer; future contract traded with open price with via order book

Long description

A Futures Contract is a derivative product and is an agreement to buy or sell a commodity, currency, or other instruments at a predetermined price at a specified time in the future.

Opium.Exchange offers several of its trading products in the form of a Futures Contract with a cash settlement.

Futures contracts do not require to post 100% of collateral as margin, because of this you can trade with leverage of up to 100x on some Opium.Exchange contracts.

All margin on Opium.Exchange is denominated in stable coins or any ERC20 coins, allowing traders to speculate on the future value of its products only using stable cryptocurrency or other Ethereum based tokens.