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Margin and Leverage

Minimum Margin

$10 USDC

Maximum Leverage

Up to 10x (varies by market)

Position Size

Margin × Leverage
Higher leverage means higher potential returns, but also faster liquidation if the market moves against you.
At 10x leverage, even small market movements can trigger liquidation. Make sure you understand the risks before using high leverage.

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Fees

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Market Order Open Fee

0.5% of your margin, charged when the position opens.

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Limit Order Open Fee

1.5% of your margin, charged when the limit order is created.
If a limit order is partially filled and then cancelled or expires, the fee on the unfilled portion is refunded proportionally. For example, if 60% of your order fills and the rest is cancelled, you get back 40% of the open fee.

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Performance Fee

If you close in profit, 10% of your profit goes to LPs. You keep 90%.
No performance fee if you close at a loss. You only pay when you win.

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Longs and Shorts

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Long (YES)

You profit when the probability goes up.
  • Entry at 40%, exit at 50% = profit
  • Entry at 40%, exit at 30% = loss

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Short (NO)

You profit when the probability goes down.
  • Entry at 60%, exit at 50% = profit
  • Entry at 60%, exit at 70% = loss
Both directions work the same way mechanically. You’re always trading the market price you see.