Open Interest (OI) caps
These caps are in place to limit end user risk on the deployed contracts. As each contract moves beyond the initial testing phase, the caps will increase exponentially.| Asset | OI Cap ($) |
|---|---|
| Index A | 1,000,000 |
| Index B | 1,000,000 |
| Macro Prediction Market No. 1 | 1,000,000 |
Funding rate
Funding is a periodic payment between longs and shorts that keeps the perpetual price anchored to the underlying reference price. When the contract trades above the reference, longs typically pay shorts. When it trades below the reference, shorts typically pay longs. Funding is not a fee charged by the protocol. It is a transfer between traders based on the funding rate for that period.Funding multiplier
Our DEX applies a funding multiplier to the base funding rate. Funding rate applied = base funding rate × funding multiplierDefault behaviour
At launch, we set the funding multiplier to 1x to mimic Hyperliquid’s default funding behaviour as closely as possible. This means funding behaves like a standard Hyperliquid perp, assuming identical pricing inputs and market conditions.Deployer controls
In the future, deployers can tune funding dynamics per contract by setting a funding multiplier anywhere from 0 to 10. 0 disables funding entirely.- Values above 1 increase the strength of funding, causing the market to converge faster but increasing funding volatility for traders.
- Values below 1 reduce the strength of funding, making funding gentler but potentially allowing larger price deviations for longer.
Examples
If the base funding rate is 0.01% for the period:- Multiplier 1.0 → applied funding is 0.01%
- Multiplier 2.0 → applied funding is 0.02%
- Multiplier 0.5 → applied funding is 0.005%