dYdX logo
dYdX logodYdX icon
English
中文
日本語
한국어
русский
Türkçe
Français
Português
Español

Updated Tick Sizes for ALGO, NEAR, & SNX

Product
Product
Tick Sizes (Algo, Near, SNX)
Product
Product

We have reduced tick sizes by a factor of 10 for the ALGO (ALGO-USD), NEAR (NEAR-USD), and SNX (SNX-USD) markets! The new updated tick sizes for these markets are as follows:

ALGO-USD = $0.001 -> $0.0001

NEAR-USD = $0.01 -> $0.001

SNX-USD = $0.01 -> $0.001

We hope that this makes your trading experience in these three markets even better!

To learn more about our plans and for the most recent updates regarding dYdX, join us on Discord and Twitter.

📜 Contract Specs

ALGO-USD

  • Underlying market: ALGO

  • Margin/settlement asset: USDC

  • Tick size: $0.00010 USD

  • Minimum order size: 10 ALGO

  • Quantity step: 1.0 ALGO

  • Expiry: Perpetual (no expiration)

  • Maximum leverage: 10×

  • Initial margin requirement: 10.00%

  • Maintenance margin requirement: 5.00%

  • Fees: See here for latest perpetual trading fees on dYdX.

  • Mark price for liquidations: The index price, given by Chainlink's Layer 2 ALGO-USD price feed.

  • Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.

  • Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.

  • Trading hours: 24 x 7 x 365

NEAR-USD

  • Underlying market: NEAR

  • Margin/settlement asset: USDC

  • Tick size: $0.0010 USD

  • Minimum order size: 1 NEAR

  • Quantity step: 0.1 NEAR

  • Expiry: Perpetual (no expiration)

  • Maximum leverage: 10×

  • Initial margin requirement: 10.00%

  • Maintenance margin requirement: 5%

  • Fees: See here for latest perpetual trading fees on dYdX.

  • Mark price for liquidations: The index price, given by Chainlink's Layer 2 NEAR-USD price feed.

  • Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.

  • Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.

  • Trading hours: 24 x 7 x 365

SNX-USD

  • Underlying market: SNX

  • Margin/settlement asset: USDC

  • Tick size: $0.0010 USD

  • Minimum order size: 1 SNX

  • Quantity step: 0.1 SNX

  • Expiry: Perpetual (no expiration)

  • Maximum leverage: 10×

  • Initial margin requirement: 20.00%

  • Maintenance margin requirement: 5%

  • Fees: See here for latest perpetual trading fees on dYdX.

  • Mark price for liquidations: The index price, given by Chainlink's Layer 2 SNX-USD price feed.

  • Funding: Funding payments are credited or debited at the start of each hour, and are included in the realized PnL for the position. The funding premium is scaled so as to have a realization period of 8 hours (8-hour funding rate). You can read more about the funding rate calculation here.

  • Contract loss mechanism: Deleveraging (centralized, but verifiable insurance fund is the first backstop before deleveraging). Read more here.

  • Trading hours: 24 x 7 x 365


About dYdX

dYdX is the developer of a leading decentralized exchange on a mission to build open, secure, and powerful financial products. dYdX runs on audited smart contracts on Ethereum, which eliminates the need to trust a central exchange while trading. We combine the security and transparency of a decentralized exchange, with the speed and usability of a centralized exchange.