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MAGICUSD Perpetual Contract Specifications
MAGICUSD Perpetual Contract Specifications

Perpetual Contract Product Specifications that apply to the specific MAGICUSD Perpetual Contract

Valery avatar
Written by Valery
Updated over a week ago

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

MAGICUSD Perpetual Contract is settled in USDC. In addition, USDC can be used for deposits and withdrawals. Crypto.com may permit other stablecoin Virtual Assets to settle the MAGICUSD Perpetual Contract in the future.

Symbol

MAGICUSD-PERP

Contract Maturity

Not Applicable

Underlying

Crypto.com MAGICUSD Index

Product Type

Futures

Contract Size

1 MAGIC (1 USD per index point)

Min Order Qty

1 MAGIC

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

5

Maximum Leverage

50x

Fair Impact Size

300 MAGIC

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