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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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