Toobit Futures launched the USDC Perpetual Contract and CFX Perpetual Contract on Jan 30th, 2024 (UTC), with up to 50 leverage.
More details on the USDC Perpetual Contract and CFX Perpetual Contract can be found in the table below:
| USDⓈ-M Perpetual Contract | USDCUSDT | CFXUSDT |
| Launch Time | 08:40am (UTC) Jan 30th, 2024 | 09:00am (UTC) Jan 30th, 2024 |
| Underlying Asset | USDC | CFX |
| Settlement Asset | USDT | USDT |
| Tick Size | 0.00001 | 0.0001 |
| Capped Funding Rate |
0.4500% / -0.4500% |
0.7500% / -0.7500% |
| Funding Fee Settlement Frequency | Every eight hours | Every eight hours |
| Maximum Leverage | 50x | 50x |
| Trading Hours | 24/7 | 24/7 |
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The maximum funding rate of the USDC Perpetual Contract at the time of launch is 0.4500% / -0.4500%.
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The maximum funding rate of the CFX Perpetual Contract at the time of launch is 0.7500% / -0.7500%
Based on market risk conditions, Toobit may adjust the specifications of the USDC and CFX 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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