A Nano Ether Perpetual Futures Contract (ETP) is a smaller-sized, cash-settled futures contract designed to track the price of Ether.
Each contract represents 0.10 Ether and uses a funding rate mechanism to help keep the futures price closely aligned with the underlying Ether market. ETP provides traders with a regulated way to manage Ether exposure, trade on margin, or take a view on the price of ETH.
Nano Ether Perp Style Futures
0.10 Ether
24/7 except Friday 5:00–6:00 PM ET
0.50 per Ether
$0.05 per contract
Third Friday of December 2030
Financially Settled in USD
4,000,000 nano Ether Perp Style Futures Contracts
Coinbase margins are based off a 3:00 p.m. CT settlement price established by Coinbase.
For example:
Nano ETH Perp Style Futures (ETP)
Contract Size – 0.1 ETH
ETP – Friday’s Dec. 2030 Contract Settlement Price: $2,508
Long (Buy) is 19.9368%
Short (Short) is 27.2307%
0.1 x 2,508 x 19.9368% = Margin for buying ETH perp-style.
The primary ticker symbol for these contracts is ETP. This symbol represents the Coinbase Derivatives Nano Ether contract, which is a cash-settled instrument designed for retail capital efficiency.
While crypto markets never sleep, regulated futures trade nearly around the clock with a brief weekly break. Trading typically runs from Sunday evening through Friday afternoon (ET), allowing you to manage positions through most global market events.
No, it’s a 5-year long-dated contract, effectively removing the need for monthly rolls
Yes. Nano Ethereum Perpetual-Style Futures trade on Coinbase Derivatives Exchange, a U.S.-regulated futures exchange overseen by the Commodity Futures Trading Commission (CFTC).
This provides traders with a regulated alternative to offshore crypto perpetual swaps.
Traditional Ether futures have fixed expiration dates and may trade at premiums or discounts to the spot market.
Nano Ethereum Perpetual-Style Futures are structured to more closely track the current ETH price and are designed for active trading strategies that require tighter alignment with spot pricing.
Yes. Like other futures contracts, Nano Ethereum Perpetual-Style Futures allow traders to take both long and short positions.
This makes them useful for hedging ETH exposure or expressing a bearish market view without owning the underlying cryptocurrency.
In many cases, you can start trading Nano Ethereum Perpetual-Style Futures with roughly $40–$60 in margin, depending on current exchange requirements and your brokerage.
Because they trade on the Coinbase Derivatives Exchange and are nano-sized, the capital requirement is much lower than standard Ether futures. Keep in mind that margin can change with market volatility.

Speak with our experienced futures brokers at 312-500-4730 to discuss how we can service your futures trading needs.