Contracts Structure

For the complete documentation index, see llms.txt. Markdown versions of documentation pages are available by appending .md to page URLs; this page is available as Markdown.

Futures Contract Structure

Overview

Perpetual futures on Igniz are derivative instruments with no expiration mechanism. Price alignment with underlying spot markets is maintained through periodic funding rate settlements rather than contract rollover.

Collateral and Denomination Model

Igniz perpetual contracts utilize a USDC-collateral model with USDT-denominated pricing for optimal liquidity access and capital efficiency. Oracle price feeds are quoted in USDT, while all margin and settlement operations process in USDC.

This architecture operates as a quanto structure where profit and loss calculated in USDT terms settles in USDC without exchange rate conversion. This design eliminates conversion friction while maintaining alignment with the most liquid pricing sources across centralized and decentralized markets.

For assets where the primary liquidity source denominates in USDC, oracle pricing follows the native denomination. This applies to select platform-native tokens and assets with concentrated USDC-pair liquidity.

Specification Parameters

Igniz maintains streamlined contract specifications with minimal asset-specific variations and no account-level restrictions. This standardized approach simplifies trading operations across all supported instruments.

Parameter	Specification
Contract Type	Linear perpetual futures
Contract Size	1 unit of base asset
Price Reference	Igniz composite oracle aggregating spot market data
Initial Margin Requirement	Inverse of selected leverage (e.g., 5% at 20x leverage)
Maintenance Margin Requirement	50% of initial margin at maximum leverage
Valuation Price	Refer to robust price index documentation
Settlement Cycle	Continuous (funding settlements every hour)
Position Size Limits	None
Margin Mode	Cross-margin or isolated margin per wallet
Funding Baseline Notional	25000 USDC for BTC and ETH; 8000 USDC for alternative assets
Market Order Ceiling	20,000,000forleverage≥30x;20,000,000forleverage≥30x;7,000,000 for leverage [25, 30); 3,000,000forleverage[15,25);3,000,000forleverage[15,25);750,000 otherwise
Limit Order Ceiling	10× market order ceiling for corresponding leverage tier

Design Rationale

The standardized specification framework reduces complexity for traders while maintaining robust risk management across all market conditions. Uniform parameters enable consistent strategy deployment across multiple assets without requiring instrument-specific configuration adjustments.