Contract specifications
The markets listed on Titan, their leverage and margin, and the size and price steps an order must respect.
All markets are perpetual futures, quoted and settled in USDCx.
| Market | Max leverage | Maintenance margin | Size step | Max price decimals |
|---|---|---|---|---|
| BTC-USDCX | 20× | 2.5% | 0.00001 | 1 |
| ETH-USDCX | 15× | 3.33% | 0.0001 | 2 |
| SOL-USDCX | 10× | 5% | 0.01 | 4 |
| CC-USDCX | 5× | 10% | 1 | 6 |
Order size
- Sizes must be a whole multiple of the market's size step.
- The minimum order is 10 USDCx of notional. Orders that only reduce a position are exempt, so you can always close a small position.
Order price
- A whole-number price is always valid.
- Otherwise, a price may have at most 5 significant figures, and no more decimals than the market allows.
- Above 10,000, five significant figures means whole numbers only: BTC prices are whole numbers today.
Margin
The maintenance margin is half the initial margin at maximum leverage. A position whose margin plus unrealised profit and loss, pending funding included, falls below it is liquidated.
Settlement
- Margin, profit and loss, fees and funding are all in USDCx.
- The funding rate is set every hour. See Funding.
- Margin and liquidation use the mark price. See Price indices.