SEI perpetual futures are now trading on OG.com Markets, according to The Defiant, giving U.S. investors a regulated way to gain leveraged exposure to Sei Network’s native token. The venue is operated by North American derivatives exchange Nadex and falls under the oversight of the U.S. Commodity Futures Trading Commission, or CFTC. Sei described the listing as another compliant route to access SEI.
The contract was self-certified by the exchange on Oct. 8 and appears in the CFTC product registry as a certified product. It had originally been scheduled to launch on Oct. 12. Trade records from Oct. 16 show two transactions of 100 SEI each at 4:54 a.m. Eastern Time.
The product is cash-settled in U.S. dollars and has no expiry, allowing traders to keep long or short positions open without rolling. Each contract represents 1 SEI, with a minimum trade size of 100 contracts and 24/7 trading availability. Funding is calculated every eight hours, capped at 2% per period, and is designed to keep futures prices aligned with the CF Sei-Dollar spot rate administered by CF Benchmarks. Initial margin, posted in dollars, ranges from 15% to 30% across the exchange’s crypto perpetual lineup.
SEI perpetual contracts are now available on OG.com Markets, according to The Defiant. The market is operated by North American derivatives exchange Nadex and is regulated by the U.S. Commodity Futures Trading Commission, giving U.S. investors a compliant venue to take leveraged exposure to Sei Network’s native token.
Sei said the listing offers "another compliant way to access SEI."
Certification and launch timeline
The exchange self-certified the contract on Oct. 8, and the CFTC product registry lists it as a certified product. It had originally been scheduled to begin trading on Oct. 12.
Trade records dated Oct. 16 show two trades of 100 SEI each at 4:54 a.m. Eastern Time.
Contract structure
The contract is settled in U.S. dollars and carries no expiration date, so traders can maintain long or short positions without having to roll them forward. Customers must access the product through a CFTC-registered futures commission merchant or an introducing broker affiliated with one.
Each contract represents 1 SEI. The minimum trade size is 100 contracts, and trading runs around the clock.
Funding and margin terms
Funding between longs and shorts is calculated once every eight hours, with a maximum rate of 2% for each period. The mechanism is meant to keep the futures price aligned with the CF Sei-Dollar spot rate administered by CF Benchmarks.
The contract settles twice a day, at noon Eastern Time and again at 5 p.m. Eastern Time. Traders are required to post risk-based initial margin in U.S. dollars. An exchange notice said initial margin across its crypto perpetual product line ranges from 15% to 30%.
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