Mechanics
Price inputs, discovery bounds, funding, and fees for trade[XYZ] perpetuals.
HyperCore provides the core mechanics for xyz perpetuals, including order matching, margin, funding transfers, liquidations, and auto-deleveraging. The pages in this section explains inputs and controls specific to the xyz deployment.
| Topic | Purpose |
|---|---|
| Oracle Price | Reference price used for funding and notional calculations. |
| Mark Price | Robust price used for P&L, margin, liquidations, and trigger orders. |
| External Price | External-market input used to derive oracle and mark prices. |
| Discovery Bounds | Controls applied during periods of external-market closure or disruption. |
| Funding | Hourly payments, the funding formula, and configurable funding clamps. |
| Fees | Trading fees, growth mode, and fee tiers. |
Market-specific settings are listed in Specifications & Schedules.