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Choose a Market

Perennial offers permissionless market creation, allowing market operators to produce a huge range of products (simple, complex, safe, risky). There are many factors, such as the amount of leverage in a market, the funding fees, and the trading fees, (or lackthereof) that will impact a user's decision of which market to select.

ETH Mainnet:

Market
Operator
Oracle
Payoff
Funding Rate (utilization curve)
Open/Close Fees
Maintenance
ETH-Long
Protocol owned
Chainlink
1 * ETHUSD_OraclePrice
{
"minRate": 0.00,
"maxRate": 0.80,
"targetRate": 0.06,
"targetUtilization": 0.8
}
0%
10%
ETH-Short
Protocol owned
Chainlink
-1 * ETHUSD_OraclePrice
{
"minRate": 0.00,
"maxRate": 0.80,
"targetRate": 0.06,
"targetUtilization": 0.8
}
0%
10%
SQTH-Long (Squeeth)
Opyn
Chainlink
(ETHUSD_OraclePrice ^ 2) / 1000 Note: Re-denomination (dividing by 1,000) keeps the price in easy to work with numbers, it does not affect market dynamics
{
"minRate": 0.30,
"maxRate": 12.00,
"targetRate": 0.70,
"targetUtilization": 0.8
}
0%
20%

Arbitrum:

Market
Operator
Oracle
Payoff
Funding Rate (utilization curve)
Open/Close Fees
Maintenance
ETH-Long
Protocol owned
Chainlink
1 * ETHUSD_OraclePrice
{
"minRate": 0.00, "maxRate": 1.20, "targetRate": 0.12, "targetUtilization": 0.8
}
0%
5%
ETH-Short
Protocol owned
Chainlink
-1 * ETHUSD_OraclePrice
{
"minRate": 0.00, "maxRate": 1.20, "targetRate": 0.06, "targetUtilization": 0.8
}
0%
5%
Note: Decimals in funding rate parameters correspond to percents (%)