The Index Future is a special type of inverse Perpetual Future where the underlying (base) asset is quoted in terms of an index.
The index consists of 10-20 different cryptocurrencies - all represented in different quantities. For instance, an index called ALTS might look like the following:
|BCH (Bitcoin Cash)||0.0005|
A contract for the above index is called an ALTS contract. The quantities in the table are per contract and are fixed forever. They have been chosen so that they, at time of creation, sum up to a value of roughly 1 USD. As time goes on, the dollar value of the index may divert significantly from 1 USD.
When you are long 50 ALTS contracts, your total exposure will be 50 times the quantities seen in the table above.
Like all other futures on Mushino, the Index futures are inverted.
In order to go Long on the index, you must go Short on the future.
In order to go Short on the index, you must go Long on the future.
Index Futures can be subdivided into two categories:
- Index Futures with a stablecoin (USDT, UDSC etc.) as a base asset
- Index Futures with BTC as a base asset
If you want to go Long or Short on the index in terms of its dollar value, pick a future that has USDT or USDC as its base asset (e.g. USDT/ALTS).
If you want to go Long or Short on the index in terms of its Bitcoin value, pick a future that has BTC as its base asset (e.g. BTC/ALTS).