> For the complete documentation index, see [llms.txt](https://support.power.trade/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://support.power.trade/trading/perpetuals/perpetuals-contract-specifications/etc-perpetual-futures-on-powertrade-funding-rate-contract-specs-and-trading-guide.md). # ETC Perpetual Futures on PowerTrade – Funding Rate, Contract Specs & Trading Guide Trade **ETC perpetual futures** on [**PowerTrade**](https://power.trade) with **zero fees**, **hourly settlements**, and **benchmark-aligned funding rates** powered by the **CoinGecko ETC/USDC Index**.\ ETC perpetuals give traders the flexibility to **speculate or hedge Ethereum Classic price movements** with **leverage**, **multi-collateral margining**, and **transparent, reproducible funding**. 👉 **Start trading ETC Perpetual Futures now** on [PowerTrade](https://power.trade) or its decentralized counterpart [Polaris](https://polaris.trade). *** ### What Are ETC Perpetual Futures? **ETC perpetual futures** are leveraged derivatives that allow traders to go **long** or **short** on **Ethereum Classic (ETC)** without owning the underlying token. * **Long ETC Perpetual:** Profit when ETC price rises. * **Short ETC Perpetual:** Profit when ETC price falls. Unlike traditional futures, **ETC perpetuals never expire**. Instead, they use **hourly funding payments** exchanged between long and short traders to keep prices aligned with the global ETC spot market. *** ### ETC Perpetual Contract Specifications | Parameter | Details | | ------------------------ | ---------------------------- | | **Instrument Name** | ETC-PERPETUAL | | **Underlying Asset** | Ethereum Classic (ETC) | | **Settlement Currency** | USDC | | **Leverage** | Up to 100× | | **Settlement Frequency** | Hourly | | **Trading Fees** | 0% maker / taker | | **Collateral Options** | BTC, ETH, and stablecoins | | **Margin Mode** | Isolated or Portfolio Margin | PowerTrade perpetuals provide **zero-fee trading**, **multi-collateral support**, and **transparent, benchmark-aligned funding**, catering to both retail and institutional traders. *** ### ETC Perpetual Funding Rate Explained PowerTrade’s **ETC funding rate** ensures perpetual contract prices stay in line with the **ETC/USDC Index**, sourced from [**CoinGecko**](https://www.coingecko.com/en/coins/ethereum-classic). **Funding Rate Formula:** ``` F = P + clamp(I – P, +0.05%, –0.05%) ``` Where: * **P (Premium Index):** Difference between the perpetual and index price. * **I (Interest Rate):** 0.01% per 8 hours (applied hourly). * **Clamp:** Limits changes to ±0.05% to prevent extreme funding adjustments. Funding is **applied hourly** and affects only positions open at settlement.\ Traders who close before the funding timestamp **avoid paying funding fees**. 👉 **Learn more:** PowerTrade Funding Rate Calculation Guide *** ### ETC/USDC Index Price Methodology The **ETC/USDC Index Price** represents Ethereum Classic’s fair market value against USDC, using aggregated spot market data from **CoinGecko’s composite feed**. 📊 **Reference Source:** [Ethereum Classic (ETC) on CoinGecko](https://www.coingecko.com/en/coins/ethereum-classic) #### Purpose of the Index The index acts as the **reference rate** for ETC perpetual contracts — ensuring **mark prices** and **liquidation levels** reflect the global market consensus.\ This prevents manipulation from a single venue and provides **fair, transparent pricing**. #### Index Construction CoinGecko’s composite index aggregates ETC/USDC (and equivalent) spot prices across major exchanges, weighting them by: * 24-hour trading volume and liquidity depth * Data reliability and uptime * Price stability versus the global average Outlier or stale prices are automatically excluded.\ PowerTrade integrates this validated index to ensure **accurate mark prices** and **fair funding calculations** in real time. #### Fallback Mechanism If CoinGecko’s feed becomes temporarily unavailable, PowerTrade switches to an **internal pre-market index**, derived from **order-book bid/ask data** for ETC perpetuals.\ This guarantees uninterrupted pricing and reliable liquidations even during external data disruptions. *** ### Mark Price and Liquidation Logic PowerTrade’s **mark price mechanism** smooths market volatility and ensures fair PnL and liquidation calculations: ``` Mark Price = Index Price + EMA(Market Price – Index Price) ``` * The **EMA (Exponential Moving Average)**, calculated over 15 seconds, filters short-term noise. * This reduces liquidation risk and ensures stable mark pricing across all market conditions. **PnL Formulas:** * **Long ETC:** `PnL = Position Size × (Mark Price – Entry Price)` * **Short ETC:** `PnL = Position Size × (Entry Price – Mark Price)` **Liquidation Trigger:**\ `Account Balance + Unrealized PnL ≤ Maintenance Margin` When triggered:\ 1️⃣ Open orders are canceled.\ 2️⃣ Positions close at market.\ 3️⃣ The **insurance fund** and **auto-deleveraging (ADL)** system maintain market stability and fairness. *** ### Why Trade ETC Perpetual Futures on PowerTrade? ✅ **0% Trading Fees** – No maker or taker fees.\ ✅ **Hourly Funding** – Faster and more precise than traditional 8-hour cycles.\ ✅ **Benchmark-Aligned Pricing** – CoinGecko index ensures transparency and fairness.\ ✅ **Multi-Collateral Margining** – Trade using BTC, ETH, or stablecoins.\ ✅ **Portfolio Margin** – Cross-margin ETC perpetuals with other derivatives.\ ✅ **Trade Anywhere** – Available on [PowerTrade (CEX)](https://power.trade) and [Polaris (DEX)](https://polaris.trade). PowerTrade’s ETC perpetual markets combine **deep liquidity**, **fair pricing**, and **zero-fee execution**, making them ideal for both professional and active traders. *** ### Example ETC Perpetual Use Cases 1️⃣ **Hedge ETC Spot Holdings**\ Protect your long-term ETC position by shorting ETC perpetuals. 2️⃣ **Leverage Trading**\ Trade ETC price movements with up to 100× leverage. 3️⃣ **Funding Rate Arbitrage**\ Exploit funding rate discrepancies between PowerTrade and other exchanges. 4️⃣ **Volatility Trading**\ Trade short-term ETC price swings using leverage and predictable hourly funding. *** ### Funding Transparency and Reproducibility PowerTrade’s funding rates are **fully reproducible** using public market and index data.\ Every rate can be independently verified, ensuring **trust**, **fairness**, and **transparency** for all traders. 👉 **Full methodology:** PowerTrade Perpetual Funding Rate Methodology *** ### How to Start Trading ETC Perpetuals 1️⃣ **Create an account** on [PowerTrade](https://power.trade) or [Polaris](https://polaris.trade).\ 2️⃣ **Deposit collateral** – USDC, BTC, or ETH.\ 3️⃣ **Select ETC-PERPETUAL** in the perpetual markets tab.\ 4️⃣ **Trade instantly** with 0% fees and transparent hourly funding. *** ### Conclusion PowerTrade’s **ETC Perpetual Futures** deliver transparency, efficiency, and zero trading fees — the most powerful way to trade Ethereum Classic with leverage.\ Whether you’re **hedging**, **speculating**, or **arbitraging**, **PowerTrade** and **Polaris** offer the most advanced and liquid ETC perpetual markets in crypto. 👉 **Start trading ETC perpetuals today** on [PowerTrade](https://power.trade) or [Polaris](https://polaris.trade). --- # Agent Instructions This documentation is published with GitBook. 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