Leverage Limits by Market
Not all markets support 10x leverage. We set leverage caps based on:Liquidity
Can we exit a large position without excessive slippage?
Volatility
How violently does this market move?
Time to Close
How far away is the market close date?
Lower-liquidity or higher-volatility markets may be capped at 5x or 2x. The maximum available leverage is shown when you open a position.
Position Limits
To protect the vault and ensure we can execute liquidations cleanly:| Limit Type | Description |
|---|---|
| Per-position limits | Maximum position size varies by market |
| Per-user limits | Total exposure caps based on account history |
| Per-market limits | Aggregate open interest caps per market |
These limits scale with market liquidity. If a market’s volume drops significantly, limits may tighten.
How Positions Close Before Resolution
Every position closes before the underlying event resolves. This happens automatically at the market’s close date.When Auto-Close Triggers
1
Positions Closed
All open positions in that market are closed at market price
2
Settlement
Profits and losses are settled
3
Funds Returned
Funds return to your account (or the vault, if liquidated)
You can always close manually before auto-close. There’s no penalty for early exit.