Contract Specifications

On NFEX, each contract has its own specification.

To manage risks and avoid large liquidations across perpetual markets, NFEX utilizes two risk measurements:

• Tiered Adjustment Factor. The Tiered Adjustment Factor is a risk management mechanism used by NFEX to adjust the margin requirements for each trading account based on the size of the open positions. There are several tiers based on the trader's position value. Each tier has a specific ratio. The larger your position, the higher the tier and the higher your position's risk.

• Contract Risk Factor: The contract risk factor is a measurement of the inherent risk of the underlying NFT that the perpetual contract is based on. Each NFT collection has its own risk factor assigned by NFEX, which can range from 1 to n, where a higher value indicates a greater risk. This risk factor is used in conjunction with the tiered adjustment factor to calculate the margin required for a given position.

AZUKI/ETH Contract Specification

Term	Description
Contract Symbol	AZUKI
Contract Code	AZUKI/ETH
Underlying	AZUKI/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 AZUKI / 1 AZUKI
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

BAYC/ETH Contract Specification

Term	Description
Contract Symbol	BAYC
Contract Code	BAYC/ETH
Underlying	BAYC/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.0001 BAYC / 1 BAYC
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

CLONEX/ETH Contract Specification

Term	Description
Contract Symbol	CLONEX
Contract Code	CLONEX/ETH
Underlying	CLONEX/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 CLONEX / 1 CLONEX
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

MAYC/ETH Contract Specification

Term	Description
Contract Symbol	MAYC
Contract Code	MAYC/ETH
Underlying	MAYC/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 MAYC / 1 MAYC
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

DOODLE/ETH Contract Specification

Term	Description
Contract Symbol	DOODLE
Contract Code	DOODLE/ETH
Underlying	DOODLE/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 DOODLE / 1 DOODLE
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

MOONBI/ETH Contract Specification

Term	Description
Contract Symbol	MOONBI
Contract Code	MOONBI/ETH
Underlying	MOONBI/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 MOONBI / 1 MOONBI
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

PENGUI/ETH Contract Specification

Term	Description
Contract Symbol	PENGUI
Contract Code	PENGUI/ETH
Underlying	PENGUI/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 PENGUI / 1 PENGUI
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

NAKAMI/ETH Contract Specification

Term	Description
Contract Symbol	NAKAMI
Contract Code	NAKAMI/ETH
Underlying	NAKAMI/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 NAKAMI / 5 NAKAMI
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

OTHERD/ETH Contract Specification

Term	Description
Contract Symbol	OTHERD
Contract Code	OTHERD/ETH
Underlying	OTHERD/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 OTHERD / 5 OTHERD
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

PUNKS/ETH Contract Specification

Term	Description
Contract Symbol	PUNKS
Contract Code	PUNKS/ETH
Underlying	PUNKS/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.0001 PUNKS / 1 PUNKS
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

DEGODS/ETH Contract Specification

Term	Description
Contract Symbol	DEGODS
Contract Code	DEGODS/ETH
Underlying	DEGODS/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 DEGODS / 1 DEGODS
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

MILADY/ETH Contract Specification

Term	Description
Contract Symbol	MILADY
Contract Code	MILADY/ETH
Underlying	MILADY/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 MILADY / 1 MILADY
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

KODA/ETH Contract Specification

Term	Description
Contract Symbol	KODA
Contract Code	KODA/ETH
Underlying	KODA/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 Koda / 1 Koda
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

CAPT/ETH Contract Specification

Term	Description
Contract Symbol	CAPT
Contract Code	CAPT/ETH
Underlying	CAPT/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 CAPT / 1 CAPT
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

POTATO/ETH Contract Specification

Term	Description
Contract Symbol	POTATO
Contract Code	POTATO/ETH
Underlying	POTATO/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 POTATO / 1 POTATO
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

BAKC/ETH Contract Specification

Term	Description
Contract Symbol	BAKC
Contract Code	BAKC/ETH
Underlying	BAKC/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 BAKC / 1 BAKC
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

BEANZ/ETH Contract Specification

Term	Description
Contract Symbol	BEANZ
Contract Code	BEANZ/ETH
Underlying	BEANZ/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 BEANZ / 1 BEANZ
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

PIXELM/ETH Contract Specification

Term	Description
Contract Symbol	PIXELM
Contract Code	PIXELM/ETH
Underlying	PIXELM/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 PIXELM / 1 PIXELM
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

MEEBIT/ETH Contract Specification

Term	Description
Contract Symbol	MEEBIT
Contract Code	MEEBIT/ETH
Underlying	MEEBIT/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 MEEBIT / 1 MEEBIT
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

REMILI/ETH Contract Specification

Term	Description
Contract Symbol	REMILI
Contract Code	REMILI/ETH
Underlying	REMILI/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 REMILI / 1 REMILI
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

KUBZ/ETH Contract Specification

Term	Description
Contract Symbol	KUBZ
Contract Code	KUBZ/ETH
Underlying	KUBZ/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 KUBZ / 1 KUBZ
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

MFERS/ETH Contract Specification

Term	Description
Contract Symbol	MFERS
Contract Code	MFERS/ETH
Underlying	MFERS/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 MFERS / 1 MFERS
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

OPEPEN/ETH Contract Specification

Term	Description
Contract Symbol	OPEPEN
Contract Code	OPEPEN/ETH
Underlying	OPEPEN/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 OPEPEN / 1 OPEPEN
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

0N1/ETH Contract Specification

Term	Description
Contract Symbol	0N1
Contract Code	0N1/ETH
Underlying	0N1/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 0N1 / 1 0N1
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

PANDA/ETH Contract Specification

Term	Description
Contract Symbol	PANDA
Contract Code	PANDA/ETH
Underlying	PANDA/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 PANDA / 1 PANDA
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

AELEM/ETH Contract Specification

Term	Description
Contract Symbol	AELEM
Contract Code	AELEM/ETH
Underlying	AELEM/ETH NFEXI
Contract Type	Perpetual Contract
Expiration	Perpetual (no expiry date)
Settlement Asset	ETH
Leverage	Up to 50X
Margin Mode	Cross Margin, Isolated Margin
Tiered Adjustment Factor	0
Contract Risk Factor	1
Funding Interval	every 1 hour
Trading Fee	Maker = 0.15%, Taker = 0.15%
Trade Amount (Min. / Max. )	0.001 AELEM / 1 AELEM
Price Protection Threshold	5%
Funding Rate Cap and Floor	± 2%

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