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NEAR Protocol US Dollar Spot

TermValue
Product NameNEAR Protocol US Dollar Spot
Product CodeNEARUSD
Contract Size0.00000001 NEAR (NEAR Protocol)
Price QuotationUS Dollars per NEAR
Tick Size$0.0001 per NEAR
Tick Value$0.000000000001 per contract
Price Band Variation+/- 15% of the BBO midpoint
Price Limit+/- 50% from previous session price
Position LimitLong 32,000,000,000,000 contracts (320000 NEAR) / Short 23,000,000,000,000 contracts (230000 NEAR)
Reportable Position Level11,500,000,000,000 contracts (115000 NEAR)
Market Hours24 hours per day, 7 days per week, subject to Rule 501
Contract Listing & TerminationRule 502 & Rule 514
Settlement MethodDeliverable - Rule 813 & Chapter 11; positions below the De Minimis Delivery Threshold are Cash Settled
De Minimis Delivery Threshold$0.50
Settlement PriceRule 509 & Chapter 11
Accepted Order TypesLimit, Market, Stop Loss, Stop Loss Limit, Take Profit, Take Profit Limit, Trailing Stop, Trailing Stop Limit, Iceberg

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