2.1 KiB
2.1 KiB
Documentation Index
Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt Use this file to discover all available pages before exploring further.
Overview
The market mechanics behind Perps trading
Perps markets follow a small set of system rules. This section explains how those rules work so you can anticipate how positions are valued, when they are at risk, and why account balances change.
How offchain matching and onchain settlement fit together. Available Perps markets and the parameters that shape trading. What each fill costs and how the volume-based fee tiers work. Equity, initial margin, maintenance margin, and margin states. How liquidation is detected, executed, and backstopped. How funding rates are computed and settled against open positions. How the price used for margin, PnL, and liquidation is computed. How the underlying's fair value is sourced and aggregated. How session state affects pricing feed selection. Where order placement is restricted.