|Index||Thalex BTCUSD||Thalex ETHUSD|
|Contract Size||1 BTC valued at 1 USD per Index Point||1 ETH valued at 1 USD per Index Point|
|Minimum Order Size||0.001 BTC||0.01 ETH|
|Tick Size||1 USD||0.1 USD|
|Collateral||BTC, ETH, USDt, USDC||BTC, ETH, USDt, USDC|
|Daily Settlement||At 08:00 UTC||At 08:00 UTC|
|Daily Settlement Procedure||Futures-style settlement at the Mark Price||Futures-style settlement at the Mark Price|
|Final Settlement||At 08:00 UTC on the day of expiration||At 08:00 UTC on the day of expiration|
|Exchange Delivery Settlement Price ('EDSP')||Time-weighted average BTC Index between 07:30 and 08:00 UTC on the day of expiration||Time-weighted average ETH Index between 07:30 and 08:00 UTC on the day of expiration|
|Final Settlement Procedure||Cash settlement in the Settlement Coin based on the EDSP||Cash settlement in the Settlement Coin based on the EDSP|
Examples of tickers:
- BTC-25MAR22 is a Bitcoin future that expires at 08:00 UTC on 25 March 2022
- ETH-28OCT22 is an Ethereum future that expires at 08:00 UTC on 28 October 2022
The Mark Price consists of the Index and a 30 seconds exponential moving average of the Premium, which is updated approximately every second. The Premium is the difference between the Index and the constrained Mark Price.
The EMA30 is a smooth exponential time-based decay, where each additional second contributes 2/31, so that the center of mass is equal to that of a standard moving average over 30 seconds.
Futures are introduced at 08:00 UTC on the day of introduction.
|Monthly||2 months||Last Friday of the month|
|Quarterly||7 months||Last Friday of February, May, August and November|
|Instrument||Maturity||Introduced at 08:00 UTC on||Expires at 08:00 UTC on|
|BTC-19MAY22||Daily||Tuesday May 17th, 2022||Thursday May 19th, 2022|
|BTC-20MAY22||Weekly||Friday May 6th, 2022||Friday May 27th, 2022|
|BTC-27MAY22||Monthly||Friday March 25th, 2022||Friday May 27th, 2022|
|BTC-30DEC22||Quarterly||Friday May 27th, 2022||Friday December 30th, 2022|