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Perpetual Futures Exchange 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The cooldown time that a user needs to wait after depositing into Perp's Liquidity Pool (ALP) before it can be withdrawn.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.
Fixed Swap Fee (Non-Stablecoin Pairs)
0.25%
The fixed swap fee that will incur every time a user swaps between non-stablecoin pairs.
Swap Tax Fee
0.00% - 0.50%
The variable swap fee that will incur every time a user swaps asset. 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.