Monero Futures & Perpetual Contracts Guide - Delta Exchange

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Monero Futures & Perpetual Contracts Guide

About Monero
Monero (XMR) is one of the leading privacy coins. Created in April 2014, Monera focuses on fungibility, privacy and decentralization. Monero blockchain is an obfuscated public ledger. This means that anyone can broadcast transactions, but an outside observer is unable to see the source, amount or destination of a transactions.

You can margin trade Monero on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short XMR with leverage.

Monero Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

ContractTypeMax LeveragePrice CurrencyMargin CurrencyAction
XMRUSDQQuanto Perpetual20xUSDUSDCSee Market

Complete details of the futures and perpetual contracts on XMR that are listed on Delta Exchange are available below.

Monero Quanto Perpetual

Quanto Perpetual contracts on XMR are intended to provide returns of the underlying spot market in Monero with the added advantage of leverage. Perpetual contracts do not have an expiry date. You can learn more about perpetual contracts here.

Quotation Details

XMR Quanto Perpetual contracts are quoted in USD. All margin, Profit/ loss and settlement calculations are denominated in USDC.

Margin and Leverage

XMR Quanto Perpetual contracts are margined in USDC. This means you need to have USDC to trade these contracts. The maximum allowed leverage for XMR Quanto Perpetual contracts is 20x.

Underlying Index

The underlying index for XMR Quanto Perpetual contracts is .DEXMRUSD. It is comprised of equal weighted average of XMR/USD price from bitfinex.

Funding

Funding is a series of continuous payments that are exchanged between longs and shorts in a perpetual contract to keep the price of the contract tethered to the underlying index.

At any given time, funding rate is equal to the difference of the mark price and the underlying index price. Funding is considered to be an 8-hourly interest rate and is computed and exchange every minute. When funding rate is positive, longs pay shorts. When funding rate is negative, shorts pay longs.

Settlement

This contract is perpetual and does not settle.

Fees

  • Taker fees = 0.25%
  • Maker fees = -0.05%

Trading Monero

Why Should You Trade Monero Futures & Perpetual

You can directly buy or sell Monero. This is called spot trading of Monero. If you buy low and sell high, you will make profit. However, this trade only works when Monero price goes up. Further, leverage trading is not possible in spot trading.

Monero margin trading through derivatives addresses these shortcomings. The XMR futures and perpetual contracts enable you to go benefit from both up and down move in Monero. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.

How to Start Trading on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first XMR trade on Delta Exchange:

  • Register: This takes < 1min and requires on a verified email address. No other KYC is needed.
  • Fund your Delta Exchange Wallet: Only bitcoins are accepted in the Delta Exchange Wallet. A unique BTC deposit address will be generated for you when you register.
  • Convert BTC to USDC: All futures and perpetual contracts on Delta Exchange are margined and settled either in BTC or USDC. For USDC settled contracts, use the currency convertor to change BTC to USDC.
  • Make your first trade: Now you are all set to trade on Delta Exchange!

FAQs

  • Does Delta Exchange support margin trading?

    Delta exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.

  • Which cryptocurrencies can I trade on Delta Exchange?

    Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.

  • How can I contact Delta Exchange?

    For any query, feedback, suggestion or business proposals, please write to us at: [email protected]