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Contract Specifications

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Last updated 1 month ago

Perpetual Futures

Specification
Description
Example (Illustrative)

Contract Type

Perpetual Futures Contract

SOL-PERP

Underlying Asset

The asset that the perpetual contract tracks.

Solana (SOL)

Quoting Currency

The currency in which the contract is priced.

USD

Settlement Currency

The currency in which profit and loss (PNL) and funding rates are settled.

USDC

Contract Size/Lot Size

The quantity of the underlying asset represented by one contract.

0.1 SOL

Tick Size

The minimum price increment for order placement and price movements.

$0.001

Margin Type

The method with which margin usage is calculated.

Cross or Isolated (coming soon)

Mark Price Source

The methodology used to determine the Mark Price (refer to )

Median of Multiple Sources

Oracle Price Source

The source of our spot reference price (refer to ).

Aggregation of Multiple Sources

Maximum Leverage

The maximum leverage allowed for the contract. Subject to scaling leverage based on position size.

Up to 100x

Initial Margin (IMR)

The minimum percentage of the notional order value required to open a position. Varies based on scaling leverage and position size.

1 / user_set_leverage

Maintenance Margin (MMR)

The minimum percentage of the notional position value required to maintain open positions. Typically 50% of the IMR.

1 / (2 * max_leverage)

Open Interest Cap

The maximum total notional value or number of contracts that can be open for this specific perpetual contract across the entire platform.

Varies

Position Limits

Maximum allowable position size per account. May vary based on the contract and account tier.

Varies

Contract Expiration

Never (hence "Perpetual").

N/A

Fees

Trading fees vary based on your tier and whether you are a maker or taker. Refer to our Fee Schedule.

Fees
#mark-price-fair-value-for-derivatives
Oracle Price