XLM Futures & Perpetual Contracts Guide - Delta Exchange

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XLM Futures & Perpetual Contracts Guide

About Stellar Lumens

Stellar Lumens (XLM) is the native asset of the Stellar Network. XLM helps the Stellar Network in  moving money across borders in a fast, cheap and reliable manner. Lumens serve two key purposes in the Stellar Network: (a) play an anti-spam role and (b) may help to facilitate multi-currency transactions.

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

XLM Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
XLMUSDQ Quanto Perpetual 20x USD BTC See Market
XLMBTC Perpetual 20x BTC BTC See Market

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

XLM Quanto Perpetual

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

Quotation Details

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

Margin and Leverage

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

Underlying Index

The underlying index for XLM Quanto Perpetual  contracts is .DEXLMUSD.

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%

XLM Perpetual

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

Quotation Details

XLM Perpetual contracts are quoted in BTC.  All margin, Profit/ loss and settlement calculations are denominated in BTC.

Margin and Leverage

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

Underlying Index

The underlying index for XLM Perpetual  contracts is .DEXLMXBT. It is comprised of equal weighted average of XLM/BTC price from binance, bittrex and poloniex.

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 XLM

Why Should You Trade XLM Futures & Perpetual

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

XLM margin trading through derivatives addresses these shortcomings. The XLM futures and perpetual contracts enable you to go benefit from both up and down move in Stellar Lumens. 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 XLM 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]