What is ZUBR?
ZUBR is a venue for trading cryptocurrency derivatives. We provide the uniquely efficient trading infrastructure with clients’ hardware co-location with a ping of <1 ms to the trading system. We offer equal conditions for every client, which don’t depend on the volume size as well as the lowest taker’s commission in the space. ZUBR allows for cost-effective hedging.
What are perpetual contracts?
Perpetual contracts on cryptocurrencies traded on ZUBR are derivative products. The key difference with futures contracts traded on traditional markets is that perpetual contracts never expire. The price of such contracts is tied to the index with the help of the funding mechanism that
What is Index?
The index is a synthetic value which is being calculated as described here. It represents the real price of an underlying asset. The Index price is a “fair” price of the asset and reference point for it.
Does ZUBR allow for leveraged trading?
Yes. Our exchange allows to trade amounts that significantly exceed the client’s balance. Cryptocurrencies are extremely volatile, and a client should carefully monitor trading risks. Profits and losses from leveraged trading can be significant even in the case of minor price movements of an asset from your portfolio.
Which assets can be used as collateral for trading with ZUBR?
All settlements on ZUBR are carried out only in Bitcoin. Bitcoin is the only cryptocurrency available for deposits or withdrawals.
Can I lose all my funds and have negative balance?
ZUBR offers two margin regimes to its clients, cross-margin and isolated margin. The cross-margin assumes that the entire balance of the client is his risk and can be lost if something goes wrong. If the client’s portfolio has gone negative, then the negative value will be compensated with the help of a special fund (“ZUBR Insurance Fund”). In the isolated margin mode, the client chooses maximum leverage and part of the portfolio that can be lost in the transaction. In this mode, the client’s position can be forcibly liquidated even if there are still enough funds on balance.
What is the Initial Margin?
Initial Margin is the collateral level which allows you to place new orders to open or increase position.
What is Maintenance Margin?
Maintenance Margin is the collateral level which allows you to hold existing positions and prevent them from liquidating. ZUBR has two levels of Maintenance Margin - Partial Liquidation Margin Level (PLML) and Full Liquidation Margin Level (FLML).
In which case will my position be forcibly closed (liquidated)?
When the Mark Price is below the liquidation price for a long position or above the liquidation price in case of a short position, the liquidation procedure
Do you have any fees for funds deposit?
No. All client’s funds deposited on ZUBR will act as collateral.
Do you have any fees for funds withdrawal?
Yes, there is a fixed commission of 0.0X BTC per withdrawal. It covers the average bitcoin transaction fee and can vary depending on the bitcoin blockchain load.