As defined by % of total position notional unless otherwise specified
Parameters | Definition | Current Setting |
Trading Fee | transaction fee charged to traders | 0.30% |
LP Fee | of which % goes to LPs | 0.25% |
Reserve Fee | of which % goes to system Reserve Fund | 0.05% |
Initial Margin | min initial margin amount requirement to open a trade |
10% |
Maintanence Margin | min margin amount a trader should maintain in the margin account after opening a position, below which the account could be liquidated |
5% |
Insurance Fund Preimum | Penalty charged to traders' liquidated account, which will be paid to insurance fund |
2.00% |
Bankcrupcy Liquidator Reward | Rewards paid out to liquidators using own fund should liquidated account's remaining balance is insufficient |
1% |
Max Price Slippage | maximum price deviation in a single block for either direction from the fiar price at the start of the current block |
10% |
Max Initial Daily Basis | maximum deviation of initial futures price to spot index per day to limit the initial price for AMM in a reasonable range |
0.03% |
Max User Trade Open Interest | maximum open interest ratio of the entire market for a single user(address) to prevent concentration of risk in a single account |
5% |
Min Amm Open Interest | minimum open interest ratio of the entire market for the AMM to prevent a drain of liquidity |
5% |
Max Spot Index Change Per Second Ratio | maximum spot index change that can be accepted since the last update in one second |
0.05% |
T in EMA modeling (as defined by seconds) | time length for expontional moving average of Mark Price Basis |
600 |