Contract Specifications

To access the contract specifications (Market Type, Lot Size, Tick Size, Min. Quantity, Maker Fee, Taker Fee, Oracle Index ID) of different markets, visit Carbonscan.

Parameters

Here are some key parameters to consider on Demex:

Lot size

Lot size refers to the predetermined quantity of an asset that can be traded in a single order. transaction.

Tick size

Tick size refers to the minimum price increment at which the asset's price can change.

Maker fees

Maker fees are fees charged when a trader adds liquidity to the order book by placing a limit order (i.e. order does not get filled immediately).

Taker fees

Taker fees are fees incurred when a trader removes liquidity from the order book by executing a market order (i.e. order is filled immediately).

Initial Margin

Initial margin refers to the minimum amount of collateral required to open a position.

IMF = InitialMarginBase + (floor[PosSize / RiskStepSize] * InitialMarginStep)

InitialMargin = IMF * PosSize * EntryPrice

Maintenance Margin

Maintenance margin refers to the minimum amount of collateral required to maintain an open position.

MaintenanceMargin = MaintenanceMarginRatio * InitialMargin

Liquidation Fees

Liquidation fees refer to the fees imposed when a position is forcibly closed due to insufficient margin.

Demex does not impose any additional liquidation fees. When a liquidation occurs, the remaining maintenance margin is utilized to cover the position, and any surplus funds are directed to the Insurance Fund.

Funding Rate

Funding rate refers to the periodic fee paid between traders based on the market price and prevailing spot price.

Therefore, when the market price of perpetuals is higher than the spot price, the funding rate is positive. Conversely, when the spot price exceeds the market price of perpetuals, the funding rate becomes negative.

Funding Rate = 1 hr TWAP of ((Mark Price - Index Price) / Index Price) / 24

Funding occurs every hour, and it is important to note that there are no additional fees charged for funding. All funding payments are exchanged exclusively between holders of perpetual contracts. This creates a zero-sum funding scenario, where long positions receive funding from short positions, or short positions receive funding from long positions.