About Nami Futures

Nami Futures is a Crypto futures platform with leverage from x1 to x100. Nami Futures is available on iOS, Android and Website.

What is Futures Contract?

In finance, a Futures Contract (sometimes called futures) is a standardized legal agreement to buy or sell something at a predetermined price at a specified time in the future, between parties not known to each other. The asset transacted is usually a commodity or financial instrument. The predetermined price the parties agree to buy and sell the asset for is known as the forward price. The specified time in the future—which is when delivery and payment occur—is known as the delivery date. Because it is a function of an underlying asset, a futures contract is a derivative product.

What is Perpetual Futures Contract?

A perpetual contract is a special type of futures contract, but unlike the traditional form of futures, it doesn’t have an expiry date. So one can hold a position for as long as they like. Other than that, the trading of perpetual contracts is based on an underlying Index Price. The Index Price consists of the average price of an asset, according to major spot markets and their relative trading volume.

Thus, unlike conventional futures, perpetual contracts are often traded at a price that is equal or very similar to spot markets. However, during extreme market conditions, the mark price may deviate from the spot market price. Still, the biggest difference between the traditional futures and perpetual contracts is the ‘settlement date’ of the former.

Basic definitions

Initial Margin is the minimum amount you have to pay to open a leveraged position, which acts as collateral.


If the value of your collateral falls below the maintenance margin, your account may be liquidated.

Important: When liquidated, users need to pay an additional liquidation fee. This number will vary across platforms. To avoid paying this extra fee, you can close your positions before the liquidation price is reached.