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": 0.04, "maxRate": 1.20, "targetRate": 0.12, "targetUtilization": 0.8 }	0.05%	2%
ETH-Short	Protocol owned	Chainlink	-1 * ETHUSD_OraclePrice	{ "minRate"": 0.04, "maxRate"": 1.20, "targetRate"": 0.12, "targetUtilization": 0.8 }	0.05%	2%
ARB-Long	Protocol owned	Chainlink	1 * ARBUSD_OraclePrice	{ "minRate": 0.05, "maxRate": 2.00, "targetRate": 0.24, "targetUtilization": 0.8 }	0.08%	2.5%
ARB-Short	Protocol owned	Chainlink	-1 * ARBUSD_OraclePrice	{ "minRate": 0.05, "maxRate": 2.00, "targetRate": 0.24, "targetUtilization": 0.8 }	0.08%	2.5%

Note: Decimals in funding rate parameters correspond to percents (%)