Contract Specifications

AnteX perpetual contracts enable users to seamlessly trade major cryptocurrency assets with leverage, without an expiry date. Matching and settlement are executed transparently on-chain. These specifications are critical for ensuring trading efficiency, effective risk management, and optimal capital utilization.

Below is a summary of the key contract specifications for AnteX:

AnteX Contract Specifications

Specification	Description	Details
Contract	Type of perpetual contract	No expiry date, positions can be held indefinitely
Contract Size	Size of each contract	1 contract = Value of 1 USDT in the underlying asset
IMR (Initial Margin Rate)	Margin required to open a position	Dynamically adjusted based on leverage; higher leverage requires higher margin ratios
MMR (Maintenance Margin Rate)	Minimum margin required to maintain a position	50% of the initial margin rate; falling below triggers liquidation
Leverage Range	Available leverage levels	1x – 50x (dynamically adjusted based on market liquidity)
Position Limits	Maximum allowable position size	No explicit per-user limit; position size managed by dynamic margin requirements
Oracle Price	Benchmark price for PnL and liquidation	Based on oracle price feeds
Pricing Mechanism	Reference and mark price system	Trade Price: Order book execution price Mark Price: Provided by decentralized oracles, used for funding rates and liquidation
Dynamic Margin Adjustment	Adjustment of margin requirements	Triggered by sharp increases in open interest relative to exchange liquidity, with superlinear scaling of initial margin
Forced Withdrawal	Fund safety mechanism	Users can withdraw funds directly on-chain if the frontend or matching engine is unavailable
Account Limits	Position management per account	Maximum positions and open interest per account are dynamically set by the risk engine
Capital Impact Definition	Nominal exposure and risk assessment	Nominal exposure caps and risk parameters per market are dynamically updated
Max Market Order Value	Maximum allowable market order	Leverage ≤ 10x: $250kLeverage 10x–20x: $500kLeverage 20x–50x: $1MLeverage ≥ 50x: $4M
Max Limit Order Value	Maximum allowable limit order	Equal to the maximum market order value at 10x leverage

Detailed Contract Information

Explore more details in each section:

• Supported Trading Pairs: View all available perpetual markets.

• Oracles & Mark Prices: Learn how AnteX calculates mark prices based on decentralized oracle feeds.

• Liquidation Mechanism: Understand how position settlement, funding payments, and collateral adjustments are managed.

• Funding Rates & Fees: Funding rates are periodically settled between longs and shorts; trading fees follow a Maker/Taker model; liquidation fees are directed to the insurance fund.