Taste Markets uses perpetual contracts - positions with no expiry date that you can hold as long as your margin allows.
| Parameter | Description |
|---|---|
| Side | Long (price up = profit) or Short (price down = profit) |
| Collateral | Amount of USDC you put up as margin |
| Leverage | Multiplier from 1x to 10x |
| Position Size | Collateral × Leverage |
Your entry price is determined by the current oracle price at execution time.
| Fee Type | Rate |
|---|---|
| Open / Close | 0.35% |
| Liquidation | 1% |
| Borrow fee | Variable |
Fees are deducted from your collateral.
Holding a leveraged position incurs a borrow rate that accrues over time. The rate depends on pool utilization:
This incentivizes liquidity providers and keeps pool utilization healthy.
If the market moves against your position far enough that your remaining collateral approaches zero, your position is liquidated:
Higher leverage means a tighter liquidation price. You can view your liquidation price for each position in the Positions panel.
You can add collateral to an existing position to increase its size or reduce liquidation risk, without closing and re-opening.
Close a position at any time to realize your PnL. The exit price is based on the current oracle price, minus the close fee.
Fees and accumulated borrow costs are subtracted from your final PnL.
