Open Perp

The price of a perpetual is the oracle price S. You can open any number of perps in a single order as long as the minimum order size is above $10 and the leverage is within restrictions.

For opening a perp position you can submit your order via either a limit or market order. You can choose to pay in either currency of the pool.

The maximum leverage allowed to open a position is between 250x and 1.1x. The maximum allowed leverage is 500x.

For every perp short the pool locks S USDC and for every perp long it locks in one token. This way every perpetual future is 100% collateralized.