# ETH Perpetual Futures

## Contract Specifications <a href="#h_572ba21e5f" id="h_572ba21e5f"></a>

| Contract Type       | ETH Perpetual Futures                                                                                                               |
| ------------------- | ----------------------------------------------------------------------------------------------------------------------------------- |
| Underlying Asset    | Aevo ETH Index                                                                                                                      |
| Quote Asset         | USDC                                                                                                                                |
| Price Step Size     | 0.01                                                                                                                                |
| Amount Step Size    | 0.01                                                                                                                                |
| Contract Size       | 1 contract = 1 ETH                                                                                                                  |
| Funding Rate        | [See the Funding Rate doc](https://docs.aevo.xyz/aevo-products/aevo-exchange/technical-architecture/perpetual-futures-funding-rate) |
| Funding Period      | 1 hour                                                                                                                              |
| Mark Pricing        | [See the Mark Pricing doc](https://docs.aevo.xyz/aevo-products/aevo-exchange/technical-architecture/perpetual-futures-mark-pricing) |
| Minimum Order Value | 10 USDC                                                                                                                             |
| Trading Fees        | <p>Taker Fees: 0.08%<br>Maker Fees: 0.05%</p>                                                                                       |
| Initial Margin      | 5%                                                                                                                                  |
| Maintenance Margin  | 3%                                                                                                                                  |
| Max Leverage        | 20x                                                                                                                                 |
| Liquidation Fee     | 1% of liquidated position value                                                                                                     |