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Perpetual Futures Exchange Parameters

​ALP Pool Target Composition​
​Revenue Distribution​
​Protocol Parameters​
ALP Pool Target Composition
Asset
Target Proportion (%)
BTCB
25%
ETH
15%
BNB
10%
USDC
25%
USDT
25%
Revenue Distribution
All protocol revenue for the Perp will be distributed in the following ways:
70% to Liquidity Providers
16% to the ALPACA token holders
10% of 16% to Governance Vault stakers
6% of 16% to Buyback and Burn
14% to Dev Fund
Perp Protocol Parameters
Parameter
Value
Description
Deposit/Withdrawal Fixed Fee Rate
0.30%
The fixed deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP). For a more detailed formula please refer to ALP Fee Calculator.
Deposit/Withdrawal Dynamic Fee Rate
0.50%
The dynamic deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP).

This fee varies based on the current pool composition. For a more detailed formula please refer to ALP Fee Calculator.
Liquidity Cooldown
900 seconds
The cooldown time that a user needs to wait after depositing into Perp's Liquidity Pool (ALP) before it can be withdrawn.
Position Fee Rate
0.09% of position size
The base trading fee that will incur every time a user open/close a trading position.

We have a trading fee discount program for our loyal user. Read more here.
Max. Borrowing Rate
0.0035%/hour
The borrowing fee will accrue to a user's position every Funding Interval (i.e., hourly).
Borrowing Rate: Utilization Rate * Max. Borrowing Rate
Funding Rate Coefficient
15%
This coefficient is used to calculate the Funding Rate that will be accrued to a user's position every Funding Interval (i.e., hourly).
Long Funding Rate: (LongOI - ShortOI) / Long OI * Funding Rate Coefficient
Short Funding Rate: (ShortOI - LongOI) / ShortOI * Funding Rate Coefficient
Funding Interval
Hourly
The interval at which Borrowing Fee and Funding Fee will be accrued.
Min. Principal Amount to open position
$10
The required minimum principal amount to open a position.
Fixed Stable Swap Fee
0.01%
The fixed swap fee that will incur every time a user swaps between stablecoins.

If you are swapping between stable pairs, you will only pay 1bps fee regardless of the composition changes.
Fixed Swap Fee (Non-Stablecoin Pairs)
0.25%
The fixed swap fee that will incur every time a user swaps between non-stablecoin pairs.
Stable Swap Tax Fee
0%
If you are swapping between stable pairs, you will only pay 1bps fee regardless of the the composition changes.
Swap Tax Fee (Non-Stablecoin Pairs)
0.50%
The variable swap fee that will incur every time a user swaps asset between non-stable pairs.

This fee varies based on the current pool composition.
Liquidation Fee
$5
This fee will incur when a user's position reaches the liquidation threshold to liquidate the position.
Flash Loan Fee
0.19%
This fee will incur when a user utilizes protocol's flash loan.
Min. Profit Time
0 Minute
Minimum time required for trader to hold their position in order to realize any profits.
Liquidation Threshold (Leverage)
95x
The maximum leverage of user's position before the position is liquidated.
​

Asset	Target Proportion (%)
BTCB	25%
ETH	15%
BNB	10%
USDC	25%
USDT	25%

Parameter	Value	Description
Deposit/Withdrawal Fixed Fee Rate	0.30%	The fixed deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP). For a more detailed formula please refer to ALP Fee Calculator.
Deposit/Withdrawal Dynamic Fee Rate	0.50%	The dynamic deposit/withdrawal fee that will incur every time a user deposits/withdraws money in/from Perp's Liquidity Pool (ALP). This fee varies based on the current pool composition. For a more detailed formula please refer to ALP Fee Calculator.
Liquidity Cooldown	900 seconds	The cooldown time that a user needs to wait after depositing into Perp's Liquidity Pool (ALP) before it can be withdrawn.
Position Fee Rate	0.09% of position size	The base trading fee that will incur every time a user open/close a trading position. We have a trading fee discount program for our loyal user. Read more here.
Max. Borrowing Rate	0.0035%/hour	The borrowing fee will accrue to a user's position every Funding Interval (i.e., hourly). Borrowing Rate: Utilization Rate * Max. Borrowing Rate
Funding Rate Coefficient	15%	This coefficient is used to calculate the Funding Rate that will be accrued to a user's position every Funding Interval (i.e., hourly). Long Funding Rate: (LongOI - ShortOI) / Long OI * Funding Rate Coefficient Short Funding Rate: (ShortOI - LongOI) / ShortOI * Funding Rate Coefficient
Funding Interval	Hourly	The interval at which Borrowing Fee and Funding Fee will be accrued.
Min. Principal Amount to open position	$10	The required minimum principal amount to open a position.
Fixed Stable Swap Fee	0.01%	The fixed swap fee that will incur every time a user swaps between stablecoins. If you are swapping between stable pairs, you will only pay 1bps fee regardless of the composition changes.
Fixed Swap Fee (Non-Stablecoin Pairs)	0.25%	The fixed swap fee that will incur every time a user swaps between non-stablecoin pairs.
Stable Swap Tax Fee	0%	If you are swapping between stable pairs, you will only pay 1bps fee regardless of the the composition changes.
Swap Tax Fee (Non-Stablecoin Pairs)	0.50%	The variable swap fee that will incur every time a user swaps asset between non-stable pairs. This fee varies based on the current pool composition.
Liquidation Fee	$5	This fee will incur when a user's position reaches the liquidation threshold to liquidate the position.
Flash Loan Fee	0.19%	This fee will incur when a user utilizes protocol's flash loan.
Min. Profit Time	0 Minute	Minimum time required for trader to hold their position in order to realize any profits.
Liquidation Threshold (Leverage)	95x	The maximum leverage of user's position before the position is liquidated.

Automated Vault Parameters

AF2.0 Parameters

Last modified 3d ago