A leveraged position is sized by arithmetic, and the arithmetic runs on four numbers: what one contract is worth, what the smallest price increment moves, how much leverage the venue allows, and how much margin has to stay behind the position. Get any of them wrong and the position you built is not the position you meant to build.
Those numbers differ from venue to venue and from contract to contract, which is why a specification sheet exists at all. Equity perpetuals add a further wrinkle, because the instrument trades on crypto rails while the thing it references trades on an exchange that closes at night.
This is the specification sheet for BloFin's NVIDIA perpetual, line by line, with the figures stated rather than deferred.
What the NVDAUSDT perpetual contracts are
NVDAUSDT is BloFin's linear, USDT-settled perpetual futures contract referencing the NVIDIA price index. In plain terms, if you want NVIDIA perpetual contract specs explained, this is a no-expiry contract that gives leveraged exposure to NVIDIA Corporation's stock price, with a contract size of 0.01, a tick size of 0.01 USDT, and leverage up to 20x, all without a traditional brokerage account or direct equity ownership. This guide is written for active crypto traders and investors who want to trade, hedge, or speculate on NVIDIA through crypto derivatives and need the exact contract rules before placing an order.
Perpetual futures have no expiration date, so they do not require traders to close or roll positions due to a fixed expiry date and can be held indefinitely as long as you meet margin requirements; you can open a long position if you expect upside or use short positions to benefit from declines and hedge exposure. Equity perpetuals trade on crypto rails while the reference stock trades on an exchange that closes at night. Major cryptocurrency exchanges now offer synthetic equity perpetual contracts tracking NVIDIA's stock price. Ownership is the one thing on offer here: perpetual futures are derivatives, so holders hold votes in nothing and collect dividends from nothing, while leverage can provide exposure with a smaller amount of capital. For full ownership details, see what tokenized NVIDIA is.
PnL is calculated in USDT from the difference between entry and exit prices, multiplied by contract size and position quantity. A periodic funding payment applies while your position is open, covered in how funding rates work. NVIDIA Corporation plays no part in issuing or managing these contracts; the exchange creates and operates them. Below, you'll find the specifications that matter in practice, such as contract size, leverage and margin modes, fees and funding, index and mark price mechanics, trading hours, order types, and how NVDAUSDT compares with tokenized NVIDIA spot, so you can size positions correctly, manage risk, and avoid surprises around market hours and carrying costs.
Denomination and settlement
The underlying reference is the NVIDIA price index, built from third-party vendor prices and frozen when no external data is available (source: BloFin Futures listing notice). The contract is quoted in USDT, forming the pair NVDAUSDT.
It is a linear USDT-margined perpetual, so margin, PnL and fees are all denominated in USDT. Settlement is continuous via the mark price: realized PnL updates when you close a position, unrealized PnL reflects the mark price in real time, and settlement runs continuously in place of a periodic expiry.
Contract size and tick value
Contract size determines how much market exposure each contract gives you, and getting it right is the foundation of position sizing.
Each NVDAUSDT contract has a value of 0.01, and the tick size is 0.01 USDT. Both figures have been in place since the contract listed on March 26, 2026, alongside the META, GOOGL and AMD equity perpetuals, which carry identical parameters.
Notional value follows from contract size, price and quantity: Notional = Contract Size × Contract Price × Number of Contracts. At a reference price of 226 USDT, buying 100 contracts gives you:
Field | Value |
Contract size | 0.01 |
Price | 226 USDT |
Quantity | 100 contracts |
Notional exposure | 0.01 × 226 × 100 = 226 USDT |
Tick value works the same way: Tick Value = Tick Size × Contract Size × Number of Contracts. Holding 100 contracts, a one-tick move changes your PnL by 0.01 × 0.01 × 100 = 0.01 USDT, and a full 1.00 USDT move changes it by 1.00 USDT.
The small per-contract value is what makes the contract accessible. You can scale in and out in fine increments in place of committing to large, indivisible blocks.
Leverage limits and order size caps
Maximum leverage on NVDAUSDT is 20x. The same ceiling applies across BloFin's equity perpetuals, including METAUSDT, GOOGLUSDT and AMDUSDT.
Leverage is tiered within that ceiling: larger notional positions fall into risk tiers carrying lower maximum leverage and higher margin rates, so the 20x figure describes what a small position can reach. The leverage selector shows the ceiling that applies to the size you are entering, and that number is the one to size against.
The arithmetic of leverage runs in both directions. At 10x, a 5% price increase returns roughly five times that on your margin. At 20x, margin is 5% of notional, so high leverage can amplify both gains and losses; a 5% adverse move exhausts it entirely, and liquidation arrives before that point because the position closes at the maintenance margin level, above zero. Detailed margin percentages and liquidation rules sit in leverage and liquidation, and sizing frameworks in position sizing.
Order size constraints, covering minimum order notional, maximum order size per trade, and maximum position size per account, can change with market conditions and BloFin's risk controls, so read them on the order panel before scaling a position.
Margin types and collateral
NVDAUSDT is a USDT-margined contract, and you post USDT as collateral inside BloFin's unified account.
You choose between isolated and cross margin. Isolated mode confines the risk to the margin allocated to this position; cross mode puts your entire available USDT balance behind positions collectively. For a fuller treatment, see reading contract specifications.
Initial margin, maintenance margin and margin ratio thresholds are contract-specific and tier-dependent, and current values appear on the contract info panel. Certain promotional or Earn balances may not qualify as futures collateral, so verify the collateral rules in your account settings before placing a trade.
Fees, funding rate and ongoing costs
Trading NVDAUSDT incurs maker and taker fees from BloFin's futures fee schedule, with rates varying by VIP level and volume tier. The contract listed with 0% maker fees and 50% off taker fees as a launch promotion (source: BloFin Futures listing notice). For the broader structure, see crypto trading fees explained.
Funding is the recurring cost. Perpetuals use a funding payment to keep the contract aligned with the reference price: when the perpetual trades above the index, longs pay short traders, and when it trades below, shorts pay longs. BloFin does not settle this on a fixed clock. Since December 2025 the settlement frequency has been adjusted automatically between 1, 2, 4 and 8 hours based on volatility, funding-rate trends and liquidity (source: BloFin funding-rate settlement frequency). A position held through a volatile stretch therefore pays more often than an eight-hour assumption would suggest.
Withdrawal fees on moving USDT in or out, and conversion spreads if you sell other assets to source margin, complete the cost picture. Factor funding and trading fees into your total holding cost, especially across multiple funding intervals.
Index price and mark price
The contract uses an index price built from third-party vendor feeds tied to NVIDIA's Nasdaq listing, with safeguards for market closures and extreme volatility. When no external data is available the index freezes at its most recently calculated value.
The mark price drives unrealized PnL and liquidation checks, in place of the last traded price. This protects you from short-term wicks and low-liquidity prints. For a deeper explanation, see how margin and liquidation are calculated.
An example makes the difference concrete. Suppose the last trade on NVDAUSDT occurred at 227.50 USDT during a thin overnight period, while the mark price sits at 227.20 based on the broader index. Your unrealized PnL and liquidation distance are calculated against 227.20, not 227.50. If you opened a long at 226.00, your unrealized profit per contract reflects the 1.20 USDT mark-price difference, leaving the 1.50 USDT last-trade figure aside. On a position close to its maintenance level, that distinction decides whether you stay in the trade.
During periods when Nasdaq is closed the index leans more heavily on available signals, which can open temporary basis differences. Weekend and overnight gap risk covers that in detail.
Trading hours and market conditions
This is the specification most likely to catch out a trader arriving from crypto perpetuals, because a stock perpetual behaves differently from a BTC one.
Opening a position is limited to US market hours. Outside them, BloFin may restrict stock futures to reduce-only, which keeps closing a position available while opening one may be blocked (source: Updates to BloFin Stock Futures Trading). A position already open can be managed and closed around the clock; a new position generally has to wait for the window to reopen. Check the contract's details page for its current state before planning an overnight or weekend entry.
Within its open window the contract trades continuously, free of any daily open or close auction. BloFin may schedule short maintenance windows, announced in advance through platform notices.
Volatility raises the risk of sudden losses, especially around NVIDIA earnings or major macro events, and BloFin may introduce circuit breakers, position limit adjustments, or temporary reductions in maximum leverage in response to abnormal conditions. Extraordinary halts follow BloFin's general risk-control framework, announced in the app and on the support page.
Supported order types
Standard order types on BloFin futures include market, limit, stop-market, stop-limit, take-profit and trigger orders.
Two execution flags matter on a leveraged position. Post-only ensures your order enters the book as a maker, earning maker fees rather than paying taker fees. Reduce-only prevents an order from unintentionally increasing your position size, which is what you want when closing part of a long while staying long. Reduce-only is also the mode BloFin applies to stock futures outside market hours.
Partial fills are common on larger orders, and all trades match through BloFin's central order book. Execution quality depends on real-time liquidity in the book, which for equity perpetuals is materially thinner than for major crypto pairs, so read the depth before committing size.
How NVDAUSDT fits alongside NVDAX spot
The perpetual is one of two NVIDIA products on BloFin. NVDAX/USDT is the spot pair in tokenized NVIDIA, suited to direct unleveraged exposure and backed 1:1 by real shares in custody. NVDAUSDT is the leveraged contract, suited to hedging or speculating with less capital committed, and it can also be used to gain exposure to NVIDIA while keeping other cryptocurrencies as collateral or portfolio assets.
To weigh the two against each other, tokenized NVIDIA versus real NVIDIA stock covers what the spot side actually gives you. For the general case, spot versus perpetual futures covers the general case.
Getting started
Trading perpetual futures needs only a BloFin account and USDT. Create or log into your account and complete any required identity verification, then deposit USDT or convert other assets to it within the platform. Navigate to the NVDAUSDT market under Futures, and review the live contract panel to confirm current leverage tiers, margin requirements and fee rates before opening a position.
Start with smaller position sizes while you learn how the contract behaves across different market conditions and funding environments. Leverage amplifies risk exactly as much as reward, and on an instrument whose open-order window closes with Nasdaq, the exit you planned may sit outside the window when you want it.
Frequently asked questions
What is the contract size of NVDAUSDT?
Each contract has a value of 0.01, so one contract represents a hundredth of the NVIDIA reference price in USDT. At a reference price of 226 USDT, a single contract carries 2.26 USDT of notional exposure, and 100 contracts carry 226 USDT. The tick size is also 0.01 USDT, which is the smallest increment your entry, stop and target prices can occupy. Both figures have applied since the contract listed in March 2026, and they match the other equity perpetuals on the venue.
Does NVDAUSDT expire?
No. It is a perpetual contract, so a position can stay open indefinitely, allowing traders to stay in a trade without expiry-driven rollovers, provided margin requirements continue to be met. What replaces expiry is funding: a periodic payment between longs and shorts that keeps the contract tethered to its reference index. That payment is the ongoing cost of holding, and it accrues on a schedule BloFin adjusts between 1 and 8 hours depending on market conditions rather than on a fixed clock.
What is the maximum leverage on NVDAUSDT?
20x, and that ceiling applies to smaller positions rather than to every position. Leverage is tiered by notional size, so as a position grows the maximum available to it steps down while the maintenance margin ratio rises. The leverage selector on the order panel shows the ceiling for the size you are entering, and that figure is the one to work from. Check it again after increasing a position, because scaling in can move you into a stricter tier than the one you opened under.
Can I trade NVDAUSDT while Nasdaq is closed?
Only partly. BloFin may restrict stock futures to reduce-only outside US market hours, so closing or reducing an existing position stays available while opening a new one generally waits. This is the specification that most often surprises traders arriving from crypto perpetuals, where trading genuinely runs around the clock. Plan entries inside market hours, and treat any position you carry overnight or across a weekend as something you can exit, and can add to only once the window reopens.
Is trading the NVIDIA perpetual the same as owning NVIDIA stock?
No. Perpetual futures confer no ownership rights in the underlying asset, so dividends and votes both stay with the shareholder. The contract provides leveraged price exposure alone, settled in USDT and backed by the margin you posted. If you want an instrument that tracks NVIDIA without leverage or a liquidation price, tokenized NVIDIA on the spot side is the closer product, though it too stops short of registered shareholder status.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All facts independently verified. Primary sources include BloFin's futures listing notice, the stock futures trading update, the funding-rate settlement notice, and the BloFin instrument catalog, current as of August 2026.
Trading NVDAUSDT is highly speculative and involves leverage, which amplifies both gains and losses. Market moves against your position can result in rapid losses of your deposited margin. This article is educational and does not constitute financial advice. Always do your own research and only trade with capital you can afford to lose.