ZT perpetual contract is a positive contract, i.e., the denomination currency is the same as the settlement currency. For example, in a BTC/USDT contract, BTC is the underlying currency while USDT is the denomination and settlement currency.
Positive contract is the simplest contract whose concept is the same with spot trading.
- ZT Perceptual Contract
Trading time: 7/24
Settlement time: Real-time settlement, but only realized profit can be withdrawn
Margin calculation gradient: The initial rank is level 1,. For a certain number of contract positions, the rank will go up for one level; for details, please refer to risk limitation
Initial margin=1% * gradient rank + estimated trading fee
For the buying price higher than the mark price or the selling price lower than the mark price, extra margin will be charged.
Maintenance margin = 0.5% * gradient rank
Reasonable mark price: To avoid unnecessary liquidation, ZT adopts reasonable mark price to evaluate if a user’s margin is enough
Funding fee collection slot: every 8 hours
Service fee: Maker - 0.025%, Taker - 0.075%
Liquidation: If the margin is lower than the maintenance margin, the contract will be liquidated. And the rest of the assets will be returned to the trader
Partial liquidation: Perceptual contract is a highly speculative investment product. ZT will deal with the losses through partial liquidation
- Basic Parameters of the Contract
Below are the basic parameters of ZT Perceptual Contract: