Risk Mitigation Measures
PnL is capped at 2% of insurance pool size, assuming current insurance pool size is $1,000,000, any position's PnL is capped at $20,000
Opened position can only be closed after a period of time.
Account based limit on open interest
Dynamic trading fee rate, this works similar to slippage in an orderbook based perps exchange, if an open or closure of a position will cause OI ratio more skewed, a higher fee rate will be applied, read more in trading fee rates
Funding fee: long pays short if long OI > short OI, short pays long if short OI > long OI.
| Pair | |
|---|---|
BTC/USD | $10,000,000 |
ETH/USD | $10,000,000 |
GMX/USD | $500,000 |
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