Overview

Perpetual contracts allow traders to take long or short positions on an asset without an expiration date. Unlike traditional futures, they use a funding rate mechanism to keep contract prices aligned with the spot market.

Key Features of Trading on Pacifica

• Execution Model: Order Book-based Matching Engine ensures transparent, efficient order matching based on price-time priority.

• Margin System: Flexible support for both Cross-Margin and Isolated-Margin.

• Leverage: Asset-specific leverage up to 20x.

• Risk Controls: Advanced controls, including dynamic margin requirements, a robust risk engine, and multi-tiered liquidation to safeguard user positions and platform stability.

Explore each section for clear explanations on:

• Contract Specifications: Understand product details, supported assets, and pricing mechanisms (Oracle Price & Mark Price).

• Order Types: Learn when to use market, limit, or conditional orders.

• Margin & Leverage: Pacifica’s cross and isolated margin setups.

• Funding Rates: Detailed funding calculations.

• Trading Fees: Review fee structures and discounts.

• Deposits & Withdrawals: Guide your deposits and withdrawals smoothly.

• Liquidations: Understanding Pacifica's liquidation and risk management.

Use this guide as your reference point to trade confidently and securely on Pacifica.