FAQs

What do I need to start trading on Pacifica?

To start trading, you’ll need a supported crypto wallet like Phantom, Solflare, or a WalletConnect-compatible wallet, collateral, and enough SOL to cover network transaction fees. Read how to Connect & Fund Your Wallet here.

Which wallets does Pacifica support?

Pacifica supports Phantom, Solflare, Backpack, Ledger hardware wallet, and all WalletConnect-compatible wallets. You can also quickly create a wallet directly through Pacifica using your Email, Google, or X account.

How do deposits & withdrawals work?

Deposits require sending tokens to Pacifica’s bridge contract (minimum $10). Withdrawals have a $1 fee deducted to cover network costs and are processed quickly upon request. Which assets can I trade?

Pacifica offers perpetual futures contracts on popular crypto assets, including SOL, BTC, ETH, and others, with more assets regularly added. For a full list of assets, click here [INSERT LINK].

What is the minimum deposit and withdrawal amount?

The minimum deposit is $10, and the minimum withdrawal is $1. Deposits below $10 will not trigger an on-chain event, and withdrawals below $1 are not processed.

How are funding fees calculated?

Funding fees are determined using a funding rate, which is updated every hour. The funding rate is calculated using the Premium Index and a fixed interest rate, then divided by 8 to get the hourly rate. Funding fees are applied based on your position size and the current Oracle Price, and are capped at ±4%. For a more detailed explanation go to the funding rates section.

What happens if my position is liquidated?

If your position’s margin falls below the maintenance requirement, Pacifica’s three-tiered liquidation process is triggered:

• Initial Liquidation: Market orders are used to close part of the position.

• Backstop Liquidation: The remaining position is transferred to a liquidation vault if orderbook liquidity is insufficient.

• Auto-Deleveraging (ADL): As a last resort, opposing profitable positions may be partially closed.

Any remaining collateral after fees is returned to your account, while losses beyond your collateral are absorbed by the liquidation vault.

Do dynamic margin requirements affect my existing positions?

No, dynamic margin requirements apply only to new orders and subsequent margin adjustments. Your existing positions are not retroactively affected by changes in margin requirements.

What is the Oracle Price?

The Oracle Price, or Mark Price, is an aggregated price calculated from major centralized exchanges (using a weighted median) or from decentralized exchanges (using a TWAP for less liquid assets). It is used to determine margin levels, funding fees, liquidations, and unrealized PnL.

What are Maker and Taker fees?

Maker fees are lower charges for orders that add liquidity to the order book, while Taker fees are higher charges for orders that remove liquidity. Pacifica employs a volume-based VIP fee program, where trading volume over a rolling period determines the applicable fee tier. Read more here.

What are Withdrawal Controls?

Withdrawal controls restrict the amount of collateral you can withdraw during periods of extreme market volatility. This ensures that your open positions remain adequately collateralized and helps maintain overall platform stability.