Skip to main content
Contract CodeOIL-PERP
Underlying Index PriceWTI Light Sweet Crude Oil composite index
• BTC Price: 3-venue 4-hour V-WAP spot composite of Binance (BTC/USDT); Bybit (BTC/USDT); Coinbase (BTC/USD).
Contract SizeNotional of 10 × WTI crude oil composite price, quoted & settled in BTC
Quote / P&L CurrencyBTC
Tick Size0.01
Trading Hours24 / 7 continuous order book.
Underlying Cash‑Market HoursSunday – Friday
• CME Globex: 18:00 – 17:00 ET (next day) with a 60-minute break each day at 17:00 ET (closed on U.S. market holidays).
Mark-Price Construction**Mark Price = median(Pš, P², P³), Where: **
Price 1 (P¹) = Index Price × 1+LastFundingRate×(TimeUntilFunding/8)
Price 2 (P²) = Index Price plus a rolling 2.5-minute average basis, where the basis is defined as (Bid1 + Ask1)/2 − Index Price.
Price 3 (PÂł) = Last traded price.
Price Formation when the underlying oil market is closed• Oil leg (WTI): When CME Globex is closed, the oil-leg reference is frozen at the last official WTI settlement price.
• BTC leg: The BTC component continues to update in real time using our 3-venue 4-hour VWAP composite (Binance BTC/USDT, Bybit BTC/USDT, Coinbase BTC/USD).
• Mark Price: mark price is calculated in the same way as during normal trading hours, where each P is computed with the static WTI close and the live BTC composite.
Funding Snapshots00:00 UTC • 08:00 UTC • 16:00 UTC (every 8 h)
Funding-Rate FormulaPremium Index + Interest Rate; Interest Rate = 0.03% / day (0.01% / 8 h). Caps Âą 3 % per 8 h.
Leverage & MarginMax Leverage 10x; Maintenance margin 25% of Initial Margin.
Liquidation Logic• Trigger when Equity < MM.
• For long positions = Entry Price × (1−Initial Margin Rate + Maintenance Margin Rate)
• For short positions = Entry Price × (1 + Initial Margin Rate - Maintenance Margin Rate)
Order Types / TIFLimit, Market, GTC, GTD, IOC.
Min / Max Order SizesMarket Max: 0.5 BTC
Limit Max: 0.5 BTC
Last modified on March 28, 2026