About US 500 Perpetual

The US500 Index Perp Style Futures contract is a 5-year cash-settled futures contract that trades 24/7 and allows traders to manage risk, trade on margin, or speculate on the price of the MarketVector Top 500 US Profitable Companies Index (MVUS5P). This contract incorporates a funding rate mechanism to keep the futures prices closely aligned with the price of the index. Perpetual-style futures contracts also enjoy the 60/40 tax treatment, where 60% of the gains are taxed as long-term capital gains and 40% as short-term capital gains, regardless of the holding period.

This contract is available to trade on Coinbase Derivatives Exchange (CDE).Trading is available from Sunday at 8 PM ET until Friday at 5 PM ET. Markets are closed on market trading holidays.

Contract Details

Funding rate

0.0085%

Funding Est.

24 minutes

Direction

Long pays short

Expiry

Nov 2030 (4 years)

Contract size

1 MarketVector MVUS5P index

Currency

USD

Stats

Open interest

$1.27M

Settlement price

$3.09K

Volume (24h)

$11.62M

8%

Price trends

Price change (24h)

0.94%

Mid price

$3.09K

High (24h)

$3.12K

Low (24h)

$3.08K

High (1Y)

$3.15K

Low (1Y)

$3.08K

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