Tezos Futures & Perpetual Contracts Guide - Delta Exchange

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Tezos Futures & Perpetual Contracts Guide

About Tezos
Tezos is a blockchain with on-chain governance. This means that the Tezos Protocol can evolve through self-amendment. Stakeholders can vote on amendments to the protocol and thus all proposals are accepted or rejected depending up on ability to reach social consensus. Tezos offers smart contracts and can be used to build decentralised applications.

Tezos Token (XTZ) is the native token of the Tezos blockchain. Proof of stake (Pos) mechanism is used reach consensus on the state of the blockchain. Any XTZ stakeholder can participate in the consensus process in Tezos and be rewarded by the protocol itself for contributing to the security and stability of the network.

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

Tezos Contracts Listed on Delta Exchange

Contract
Type
Max Leverage
Price Currency
Margin Currency
Action

Contract Type Max Leverage Price Currency Margin Currency Action
XTZBTC Perpetual 20x BTC BTC See Market

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

Tezos Perpetual

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

Quotation Details

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

Margin and Leverage

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

Underlying Index

The underlying index for XTZ Perpetual contracts is .DEXTZXBT. It comprises of equal weighted average price of XTZ/BTC price from huobi, bitfinex and gateio.

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 Tezos

Why Should You Trade Tezos Futures & Perpetual

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

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