Markets and cycle lengths
Each market and cycle length is its own Print product, with its own leverage cap and its own limit on how much total deposit it can hold:
On top of the per-product limits, Print as a whole holds at most $600,000 of open deposits across every market and cycle length combined. That pool-wide limit is lower than the sum of the individual limits, so in practice it is usually what binds first.
Target distance by cycle length
How far you can set your target from the mark price depends on how long the cycle is — a longer cycle gives the market more time to travel, so the range opens up:
A few notes:
- Distance is measured from the mark price at the moment you place, and again from the new mark price at every roll-over.
- Maximum leverage is per market. The Print cap is separate from — and can be lower than — the leverage your account can use for regular perp trading in that market.
- The deposit limit is a cap on locked deposits, not on any single order. Once a product sits at its limit — or Print as a whole sits at the $600,000 pool limit — new orders there are rejected until existing ones resolve. The notional column is what the deposit limit works out to if every order used the market’s top leverage.
- Newer markets start with tighter limits. ZEC is the most recent addition and carries the smallest limit and the lowest leverage. Limits and leverage are reviewed as each market matures.
- Once filled, a Print position follows standard perp rules — normal margin, mark-price liquidation, and fees apply to the position from that point on.
- These values may change.