Parameters

The following pages has information about the parameters of each contract. It contains things such as max leverage, max positions, fees etc… Please note these can be updated through a governance vote and are not final. Each asset has different parameters based on the volatility of the asset and current status of the pool. There are two kinds of fees traders pay when opening a position. An opening fee which is based on total position size, and an hourly borrow fee. The hourly borrow fee is based on market imbalance. We calculate dominance% (the higher of Long% or Short%) and apply an exponential curve so the fee starts low in a balanced market and increases progressively as imbalance grows. Both Long and Short pay the same rate. This is to help liquidity providers mitigate risks when positions are one sided.

If pool utilization exceeds 90%, the fee increases by 25%.

APR is calculated by multiplying the hourly rate by 24 hours × 365 days.