Contract Specifications
Pacifica’s perpetual contracts let you seamlessly trade cryptocurrency assets with leverage, without the need for an expiration date. Understanding the specifications of these contracts is crucial for effective trading, risk management, and maximizing your trading potential.
Below is a summary of Pacifica’s key contract details. You can explore deeper into each specification through dedicated subpages linked below.
Pacifica Contract Specifications
Contract
Type of perpetual contract
Linear perpetual
Contract Size
Size per contract
1 unit of underlying spot asset
IMM (Initial Maintenance Margin)
Margin required to open a position
1 / (user-selected leverage), dynamically increased when Open Interest sharply rises relative to liquidity
MM
Maintenance Margin
50% of initial margin fraction
Dynamic Margin Adjustment
Margin requirement adjustments
Yes (triggered by sharp increase in open interest vs. exchange liquidity, super-linear scaling of initial margin)
Oracle Price
Price used for liquidation & PnL
Oracle-based (see Oracle Price)
Delivery / Expiration
Contract expiry
None (continuous with hourly funding payments)
Position Limit
Maximum allowed position size
No explicit limit per user (position size managed by dynamic margining)
Account Type
Margin management style
Per-wallet cross or isolated margin
Funding Impact Notional
Notional size impacting funding rates
20,000 USDC (BTC, ETH) 6,000 USDC (other assets)
Maximum Market Order Value
Largest allowed market order
$4M (leverage >=50), $1M (leverage 20-50),$500k (leverage 10-20), otherwise $250k
Maximum Limit Order Value
Largest allowed limit order
10x— maximum market order value
Detailed Contract Information
Explore further details for each area:
Supported Trading Pairs: View all available perpetual markets.
Oracle Price: Understand how Pacifica calculates the oracle-based Mark Price.
Settlement Mechanism: How Pacifica manages position settlements, funding payments, and collateral adjustments.
Use this overview as your quick-reference guide, and dive deeper into each subpage for full explanations.
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