Common use of Perpetual Contract Clause in Contracts

Perpetual Contract. 4.2. 1 A Perpetual Contract is a product similar to a traditional futures Contract in how it trades, but does not have an expiry date. Perpetual Contracts trade like spot, tracking the underlying Index Price closely. It achieves this via the mechanics of a Funding component, that is, users who hold a position over the funding time stamp either pay or receive funding based on a funding rate and your position value.

Appears in 3 contracts

Samples: User Agreement, User Agreement, User Agreement

AutoNDA by SimpleDocs

Perpetual Contract. 4.2. 1 A Perpetual Contract is a product similar to a traditional futures Contract in how it trades, but does not have an expiry date. Perpetual Contracts trade like spot, tracking the underlying Index Price closely. It xxxxxxx.Xx achieves this via the mechanics of a Funding component, that is, users who hold a position over the funding time stamp either pay or receive funding based on a funding rate and your position value.

Appears in 2 contracts

Samples: User Agreement, User Agreement

AutoNDA by SimpleDocs

Perpetual Contract. 4.2. 1 4.2.1 A Perpetual Contract is a product similar to a traditional futures Contract in how it trades, but does not have an expiry date. Perpetual Contracts trade like spot, tracking the underlying Index Price closely. It achieves this via the mechanics of a Funding component, that is, users who hold a position over the funding time stamp timestamp either pay or receive funding based on a funding rate and your position value.

Appears in 1 contract

Samples: User Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!