Weekly Futures on ETH/DAI
IT IS AN EXAMPLE OF FUTURES ON ETH/DAI, UP-TO-DATE INFORMATION SEE ON OPIUM.EXCHANGE​
0xb5a6f3624cb36002df412f100197fcf0ea26d57c099024293bce6de58cde12cb
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
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.
