Positions
Choose a market and a direction, then enter margin and leverage. Notional size is margin × leverage. A long gains when the price rises; a short gains when it falls. Every position is recorded in the trading contract with the Vault as counterparty.
Rules
Limits
A single position is capped at $10 million notional on BTC and ETH and $1 million on BNB. Open interest per side is capped at $1 billion on BTC and ETH and $100 million on BNB.
| Market | Max notional per position | Open-interest cap per side |
|---|---|---|
| BTC, ETH | $10 million | $1 billion |
| BNB | $1 million | $100 million |
The number of positions is not limited. Once a side reaches its open-interest cap, positions on that side can only be closed. Caps are contract parameters set by governance; BNB starts lower because its market is thinner.
Direct access
Positions
Choose a market and a direction, then enter margin and leverage. Notional size is margin × leverage. A long gains when the price rises; a short gains when it falls. Every position is recorded in the trading contract with the Vault as counterparty.
Rules
Limits
A single position is capped at $10 million notional on BTC and ETH and $1 million on BNB. Open interest per side is capped at $1 billion on BTC and ETH and $100 million on BNB.
- Max notional per position
- $10 million
- Open-interest cap per side
- $1 billion
- Max notional per position
- $1 million
- Open-interest cap per side
- $100 million
The number of positions is not limited. Once a side reaches its open-interest cap, positions on that side can only be closed. Caps are contract parameters set by governance; BNB starts lower because its market is thinner.