⭐Inverse Perpetual Contracts

Introduction

Our inverse perpetual swap product allow users to long or short changes to the the exchange rate of various tokens against USDC using USDC as both margin and as the P&L settlement currency. USDC is the "home" currency for this kind of contract.

Leverage

Users can avail of leverage to increase the notational size of their position many times greater than their deposited capital. Inverse futures contracts can only be used with the base currency (for USDCETH, the home currency is USDC). The amount of leverage offered will vary depending on the collateral used and the token that is being traded. This will vary between 2x and 100x.

Pricing

Asset price is set using a proprietary system that polls relevant spot exchanges and averages their prices. Weights are assigned based on volume and history of each exchange and can be adjusted if necessary. These are always disclosed in the specifications for each contract.

Fees

Users will be charged a fee to open and close a position (or to adjust the size of an existing position). Fees vary based on amount of leverage used. High volume traders receive automatic fee rebates based on volume history.

The fee for opening or closing a position with 10x or less leverage is 0.075%.

P&L Calculation

USDC is used to open positions on this contract. Profit and loss is settled as USDC based/pegged on USD value. Other native currencies could be added in the future instead of a USD stablecoin.

Long P&L

P&L = Value at Open - Value at Close = [(Quantity x Size)/Open Price] - [(Quantity x Size)/Price at Close]

Short P&L

P&L = Value at Close - Value at Open = [(Quantity x Size)/Close Price] - [(Quantity x Size)/