Chicago

This is the variable starting amount of margin USD deposited to open a position that grows with the trade's impact on market skew. The variable ratio is added to the constant ratio.

This fee rate is applied to notional liquidated amounts for this market. It is paid to a liquidator in exchange for performing the liquidation.

This is a proportion of the initial margin requirement; it contributes to the account's total maintenance margin requirement. If your account balance drops below its total maintenance margin requirement, then your account will be fully liquidated.

Traders who contribute to balancing the market by reducing the difference between long and short positions pay a smaller "maker fee." This promotes balance in the market.

Trades in "square feet," where one "square foot" represents a unit of trade and not an actual piece of property.

The fastest rate at which the funding rate accumulation can increase or decrease per 1 day interval.

The open interest cap in square feet for either side of the market. For example, if the maximum size is set to 10,000 sqft and a trade causes the market's total short open interest to exceed this limit, then that trade will fail.

This is the constant minimum starting amount of margin USD deposited to open a position. The constant ratio is added to the variable ratio.

Value used to normalize the market's skew in sqft in risk management calculations. Determines how sensitive the market's risk management features are to skew.'

Traders who increase the difference between long and short positions within a market are subject to a higher "taker fee." This discourages imbalance in the market.

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£6,496.93