Toobit Futures launched the WAVES Perpetual Contract and C98 Perpetual Contract on Dec 29h, 2023 (UTC), with up to 50 leverage.
More details on the WAVES Perpetual Contract and C98 Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | WAVESUSDT | C98USDT |
| Launch Time | 09:50am (UTC) Dec 29th, 2023 | 09:00am (UTC) Dec 29th, 2023 |
| Underlying Asset | WAVES | C98 |
| Settlement Asset | USDT | USDT |
| Tick Size | 0.0001 | 0.0001 |
| Capped Funding Rate | 0.7500% / -0.7500% | 0.7500% / -0.7500% |
| Funding Fee Settlement Frequency | Every eight hours | Every eight hours |
| Maximum Leverage | 50x | 25x |
| Trading Hours | 24/7 | 24/7 |
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The maximum funding rate of the WAVES Perpetual Contract at the time of launch is 0.7500% / -0.7500%.
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The maximum funding rate of the C98 Perpetual Contract at the time of launch is 0.7500% / -0.7500%
Based on market risk conditions, Toobit may adjust the specifications of the WAVES and C98 Perpetual Contract from time to time, which may include the funding fee, tick size, maximum leverage, initial margin, and/or maintenance margin requirements.
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Toobit reserves the right in its sole discretion to amend or cancel this announcement at any time and for any reason without prior notice.
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