Q: What is EWJ-PERP on the Basis Points platform?
A: EWJ-PERP is the USDT-margined perpetual future on Japan ETF, running on the same matching engine, blended mark-price feed, funding engine and cross-margin risk model as every other instrument on the venue. No expiry date; the perpetual is anchored to spot via funding payments that settle every 8 hours between longs and shorts. Tick size, leverage cap, funding cap and insurance-fund weighting are configurable per operator brand.
Q: How is the EWJ-PERP mark price computed?
A: Blended from at least three independent upstream sources with median filtering and outlier rejection, updated sub-second on the WebSocket feed. Rate-limited so a single spiking upstream cannot cascade liquidations across the book. See the mark-price section of the matching-engine architecture write-up for how the feed handles stress events.
Q: How does the funding rate on EWJ-PERP settle?
A: Funding on EWJ-PERP settles every 8 hours between longs and shorts. Positive funding means longs pay shorts (the perpetual is trading at a premium to the index); negative funding means shorts pay longs. The live rate is shown above.
Q: Can I trade EWJ-PERP 24/7?
A: Yes. The matching engine, mark-price feed, funding computation and liquidation engine all run continuously — no maintenance windows, no daily close, no weekend gaps. 24/7 uptime is a platform-level default that operators inherit on the licensed stack.