For an Inverse Perpetual contract, the underlying asset varies while the settlement and pricing coin are both BTC. For example, in a BTC/USDT Inverse Perpetual, BTC is the underlying asset as well as the pricing and settlement coin. In a ETH/USDT Inverse Perpetual, the underlying coin is ETH while the pricing and settlement coin is BTC.
| Type | Inverse Perpetual |
| Underlying Asset/Code | CHAINEXT Index - USD Quote Index |
| Trading Time | 7/24 |
| Settlement | Real-time settlement. Only the realized profit & loss can be withdrawn |
| Expiry |
Read details in the contract basic reference table |
| Quote | |
| Min. Price Change | |
| Contract Unit | |
| Delivery/Expiry | |
| Delivery Price | |
| Delivery Metho | |
| Margin Calculation Tiers | Read details in Risk Limit document. |
| Maintenance Margin | 0.5% * Tiers |
| Initial Margin | 1% * Tier + Estimated Trading Fee. The buying price higher or the selling price lower than the mark price will be charged with extra margin. |
| Fair Marking Price | To avoid unnecessary liquidation, Hoo employes Fair Marking Price to calculate if the margin of their users is enough. Please refer to our Fair Marking Price for details. |
| Funding Fee Intervals | / |
| Fees | See our Fees document |
| Position Limit | Please refer to Risk Limit document. If you would like to increase your quota, please contact Hoo official. |
| Max. claiming quantity for a single order | |
| Liquidation | If your margin balance is lower than the maintenance margin, you will get liquidated. The rest of the assets will be returned to the user. |
| Auto-Deleveraging | The contract is highly speculative. We will employ Auto-Delveraging to avoid system loss. |
Hoo Team
Jan. 9, 2020