Contract Specifications
Last updated
Last updated
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.