Rate locks
Lock today's naira rate for a payment you'll make or receive later.
An importer who pays a supplier in 30 days, or a payroll that converts monthly, can lock the rate now. LandedFX prices the lock by walking Numo's cNGN futures book at your size.
curl -X POST https://api.landedfx.com/api/v1/forwards \
-H "x-api-key: $LANDEDFX_KEY" -H "content-type: application/json" \
-d '{ "currency": "NGN", "side": "buy_usd", "amountUsd": 1000 }'| Field | Meaning |
|---|---|
rate | Naira per dollar you lock until expiry |
premiumVsIndexPct, premiumAnnPct | How far the locked rate is from today's index, over the period and per year |
filledUsd, complete | How much the book can absorb at this price |
initialMarginUsd | USDC collateral Numo requires (25% of notional) |
orderIntent | An unsigned Numo order: sign it (EIP-712) and post it to Numo |
A live example: locking $1,000 of dollars for 23 days came to ₦1,390.70/$, 1.09% over the ₦1,375.66 index, walking 7 levels of the book.
side: "buy_usd" is for whoever needs dollars later. side: "sell_usd" is for whoever receives dollars later, or wants naira carry: each is the other's natural counterparty.
GET /derivatives/ngn returns the whole curve: Numo's index, every futures series with its basis and depth, and the options chain.
Locks settle on Numo, a cash-settled futures venue on Base. You need a Numo margin account; LandedFX never holds the position or the collateral.