> For the complete documentation index, see [llms.txt](https://nfex.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://nfex.gitbook.io/docs/nfex-perpetual-guide/contract-specifications.md).

# 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

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

## 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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