October 31, 2023
CME offers two types of bitcoin futures contracts: standard and micro. The standard contract is equivalent to 5 BTC, while the micro contract is one-tenth the size of 1 BTC.
CME also provides ether futures contracts in two sizes: standard and micro. The standard contract has a size of 50 ETH, while the micro contract is one-tenth the size of 1 ETH.
Most open interest in offshore exchanges is focused on perpetual futures rather than traditional futures contracts. Perpetual futures are unique because they have no expiry date and use the funding rate mechanism to stay in sync with the spot price.
When trading bitcoin and ether futures, it's important to understand the contract sizes offered by CME. Additionally, offshore exchanges primarily trade perpetual futures, which have no expiry and use the funding rate mechanism to maintain alignment with the spot price.
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