Contract Specifications

Contract Type

USDC-margined perpetual contracts. No expiration. Funding payments every hour to anchor price to spot.

Parameter	Value
Settlement	USDC
Contract size	Quantity in base asset. Positive = long, negative = short. Scaled by 10^4.
Max leverage	Up to 100x (per instrument, check `/exchangeInfo`)
Margin mode	Cross margin (default). Use sub-accounts for isolated risk.
Margin model	Portfolio margin with correlation-adjusted effective notional. See Margin.
Maintenance margin	Dynamic lambda surfaces plus a size-dependent liquidation reserve, varying by leverage, closeout impact, and market regime. No static tiers.
Mark price	Median of: premium-adjusted oracle, order book median, smoothed local price. See Price Indices.
Funding	Hourly. See Funding.
Liquidation	Impact-aware portfolio reduction with reserve-adjusted, protected execution. See Liquidations.
ADL	Last-resort handling for collateral shortfall or planned liquidation quantity not accepted within protocol capacity. See Auto-Deleveraging.

Markets and their specific parameters (tick size, lot size, max leverage) are available via the /exchangeInfo endpoint.

See Fees for the full fee and rebate schedule.