Perp Mechanism

Technical design of the perpetual futures system.

Funding Rate Mechanism

Funding rates balance long and short positions:

• Calculated every 8 hours
• Based on spot-perp price divergence
• Typical range: ±0.01% to ±0.1%

Liquidation Engine

Automated liquidation system:

• Health factor monitoring
• Bot-based liquidations
• 5% liquidation penalty
• Insurance fund coverage

Position Management

• Max leverage: 10x
• Cross-margin support
• Isolated margin option
• Auto-deleveraging

Oracle Integration

Real-time price feeds from multiple sources for accurate mark prices.

Coming Soon

Complete perp engine specifications and formulas.