This article sets out the Perpetual Contract Product Specifications that apply to the specific RAYUSD Perpetual Contract. You should read this in conjunction with these FAQs and the Addendum.

RAYUSD Perpetual Contract is settled in USD. may permit other stablecoin Virtual Assets to settle the RAYUSD Perpetual Contract in the future.



Contract Maturity

Not Applicable

Underlying RAYUSD Index

Product Type


Contract Size

1 RAY (1 USD per index point)

Min Order Qty


Max Order Qty

Subject to the exposure limit

Min Tick Size

0.0001 USD

Margin Policy

Smart Cross Margin

Trading Bandwidth

Aggressive bandwidth : +/-5% of MarkPrice

Passive bandwidth : +/-50% of MarkPrice

Exposure Limit Weight


Maximum Leverage

Refer to the Margin Rule page for the latest product leverage.

Fair Impact Size

80 RAY

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