ETH-USDC perpetual
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The ETH-USDC perpetual on Bitnxs is a futures contract with no expiry that tracks the price of Ether (ETH). It is margined and settled in USDC, supports up to 50x leverage, and uses hourly funding to keep its price close to spot. Trade it at bitnxs.com.
Contract specifications
Section titled “Contract specifications”| Spec | Value |
|---|---|
| Symbol | ETH-USDC |
| Contract type | Perpetual (no expiry) |
| Underlying | ETH |
| Margin & settlement asset | USDC |
| Max leverage | 50x |
| Funding interval | 1 hour |
| Maker / taker fee (base) | 0.02% / 0.05% |
| Liquidation fee (base) | 0.10% |
| Trading hours | 24/7 |
How does the ETH-USDC perpetual work?
Section titled “How does the ETH-USDC perpetual work?”You open a long if you expect ETH to rise and a short if you expect it to fall. Profit and loss are calculated in USDC from the difference between entry and exit price times position size. Because there is no expiry, the funding rate is exchanged between longs and shorts every hour.
How much leverage can I use on ETH?
Section titled “How much leverage can I use on ETH?”Up to 50x. At 50x, a 1% move against you is roughly 50% of your initial margin, so liquidation is close to entry. See Margin & leverage and Liquidation.
Is ETH-USDC settled in ETH? No. Margin, PnL and fees are all in USDC.
Which price triggers liquidation? The mark price, not the last traded price.