Crypto Facilities, a crypto derivatives exchange based in the UK announced the launch of perpetual futures for all its supported cryptocurrencies. The supported coins include, bitcoin, ether, litecoin, bitcoin cash, and ripple.
Perpetual futures are a special type of futures contract that has no expiration date with an auto-rolling feature every four-hours. If the premium is positive, longs pay shorts in the next 4 hours and if it is negative, shorts pay longs. This anchors the contract price to the Real Time Index.
More details can read from the detailed contract specs.
The exchange now offers perpetual futures on the following:
PI_XBTUSD – Perpetual Inverse for Bitcoin-Dollar (XBT margin)
PI_ETHUSD – Perpetual Inverse for Ether-Dollar (ETH margin)
PI_LTCUSD – Perpetual Inverse for Litecoin-Dollar (LTC margin)
PI_XRPUSD – Perpetual Inverse for XRP-Dollar (XRP margin)
PI_BCHUSD – Perpetual Inverse for BCH-Dollar (BCH margin)
PV_XRPXBT – Perpetual Vanilla for XRP-Bitcoin (XBT margin)
Key characteristics:
- The rate is updated at 4-hour intervals (starting at 12 UTC)
- The rate pays out continuously to all open interest during the next 4 hours
- As there is no expiration, there is no need to roll positions
