Contract Specifications
Contract specifications vary by market. Refer to the N1 app for current values before placing an order.
| Field | Description |
|---|---|
| Market | Underlying asset represented by the contract |
| Quote asset | Asset in which prices, PnL, funding, and fees are denominated |
| Tick size | Smallest permitted price increment |
| Size increment | Smallest permitted order-size increment |
| IMF | Initial margin ratio applied when risk increases |
| CMF | Cancellation margin ratio used to restrict withdrawals and remove risk-increasing orders |
| MMF | Maintenance margin ratio below which a position is eligible for liquidation |
| Execution mode | CLOB or RFQ |
| Operating state | Normal, post-only, trade-only, frozen, or not ready |
Orders must conform to the market's tick size and size increment. Some markets also set a minimum order value. On XMR, an order in the N1 app must be worth at least $10.50 at the expected fill price. Orders that only reduce a position are exempt, so small positions can always be closed. An order that flips a position must meet the minimum.
The app also displays available market data, including index price, mark price, projected funding, next funding time, open interest, and 24-hour price and volume statistics.