A fully funded futures contract requires the ErisX clearinghouse to hold at all times the entire amount of funds required to settle each futures contract. Accordingly, there are no daily transfers of funds or calls for variation margin on fully funded contracts.


For ErisX Physically Delivered futures, at the time of entering into a contract, the seller of the contract must post to the clearinghouse the entire amount of the crypto being sold and the buyer of the contract must post the equivalent amount of US dollars.


For ErisX Financially Settled Bounded futures, the seller of the contract must post to the clearinghouse in US Dollars the difference between the upper boundary and the trade price multiplied by the number of contracts and the contract multiplier. The buyer of the contract must post in US Dollars the difference between the lower boundary and the trade price multiplied by the number of contracts and the contract multiplier.