Flipster
Contracts

Perp-USDT

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24h high
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24h low
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Index
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Mark
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Funding
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Overview

SPELL

Base Currency

USDT

Quote Currency

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PERP

Perpetual Swap

SPELLUSDT.PERP is a SPELL/USDT perpetual swap contract priced on the SPELLUSDT.IDX index. One contract is worth 1 SPELL.
SPELLUSDT.PERP is quoted and settled in USDT. This instrument is perpetual and does not expire.

Contract Specification

CategoryDetail
Expiry DatePerpetual
Initial Margin5.00%
Maintenance Margin2.00%
Base Interest Rate (8H)0.01%
Funding TimeEvery 8 hours at 00:00, 08:00 and 16:00 (All UTC)
Funding Cap1.5000%
Mark MethodFair Price
Auto-Deleveraging EnabledYes: This contract is highly speculative and manages loss through auto-deleveraging.
Settlement CurrencyUSDT
CommissionSee the Fees Reference for more details.
Minimum Price Increment0.0000001 USDT
Notional Min Order Amount1 USDT
Notional Max Order Amount100,000 USDT
Notional Max Position Size100,000 USDT
Lot Size1 SPELL
Max Slippage1.50%
Maximum Open Interest1,500,000 USDT

Index Price

Index Price is fundamentally an average of prices from major exchanges, updated per second. To ensure that Flipster precisely represents the true value of each token, the indices are calculated as an average of the last prices from several major exchanges.

ExchangeSpot Pair
BinanceSPELLUSDT
BybitSPELLUSDT
MEXCSPELLUSDT
OkexSPELLUSDT