Perp Fees & Risk Parameters
Trading Fees
Fees: 0.02% Opening Fee = Position Size × Leverage × 0.02% Closing Fee = Position Size × Leverage × 0.02%
Both fees are charged once on open and once on close.
OG/VIP users receive real-time rebates (see OG section).
Real-Time VIP Fee Rebate Table
≥ 5,000 DER
VIP 2
20%
≥ 400 DER
VIP 1
10%
Rebates are applied instantly upon trade execution. How to Become an OG?[LINK TBU]
Funding Rate
The funding rate is used to balance the long and short positions on the platform, protecting ALPs from excessive risk exposure during trading and minimizing the holding risk of the pool.
Calculation formula:
Funding Rate = (Net Floating PnL of Longs or Shorts) ÷ (Total Funds in Long + Short Pool) × 0.01If both sides show positive PnL, both long & short pay funding.
Funding Fee = Position Size × Funding Rate
If both sides are positive, both long and short positions will be charged the funding rate. The funding fee that users need to pay = the position amount held * funding rate This fee is charged every 60 minutes.
Liquidation
Formula for Liquidation Distance:
Distance = Entry Price × (Initial Margin − Total Fees) × Liquidation Rate ÷ (Position Size × Leverage)Liquidation Price:
Long: Entry Price − Distance
Short: Entry Price + Distance
Liquidation Rate Table (Example):
10x
95%
20x
90%
30x
85%
Total Fees: opening/closing fees, funding fees.
Leverage is the leverage multiplier chosen by the user.
Slippage (PendulumAMM Mechanism)
Only applied when net long or short imbalance exceeds 70% of the liquidity pool capacity.
Formulas:
Long Slippage = (User Long + (Net Long−Short − 70% of pool)) ÷ Total Long × 0.02 Short Slippage = (User Short + (Net Short−Long − 70% of pool)) ÷ Total Short × 0.02
Net position difference between long and short positions = Total amount of long positions - Total amount of short positions or Net position difference between long and short positions = Total amount of short positions - Total amount of long positions
Opening slippage is only charged when the "net position difference between long and short positions" is greater than 0.
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