# Trading Specifications

***Disclaimer: Zeta Markets has ceased operating as of May 2025.***&#x20;

## Perpetual Futures

The following schema is used for Perps Contract specifications:

| Schema                                                          | Specification                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| --------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| **Contracts**                                                   | SOL/USD, BTC/USD, ETH/USD, APT/USD, ARB/USD, BNB/USD, PYTH/USD, TIA/USD, JTO/USD, BONK/USD, SEI/USD, JUP/USD, STRK/USD, WIF/USD, TNSR/USD, GMC/USD, POPCAT/USD, EIGEN/USD, DBR/USD, GOAT/USD, DRIFT/USD                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| <mark style="color:orange;">**Trading Fees (all pairs)**</mark> | <p><mark style="color:orange;"><strong>Taker Fees:</strong>  0.10%</mark></p><p><mark style="color:orange;"><strong>Maker fees:</strong> 0.02%</mark><br><mark style="color:orange;">See more in</mark> <a href="trading-specifications/fee-tiers"><mark style="color:orange;">Fee Tiers</mark></a></p>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| **Maker Rebates**                                               | See [Maker Incentives Program](https://docs.zeta.markets/rewards-programs/maker-rewards-program)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| **Leverage**                                                    | <p><strong>SOL / BTC / ETH: 2</strong>0x<br><strong>APT / ARB:</strong> 10x<br><strong>BNB</strong>: 8x<br><strong>PYTH / TIA / JTO / SEI / JUP / STRK / TNSR / GMC / POPCAT / EIGEN / DBR / GOAT / DRIFT:</strong> 5x<br><strong>BONK / WIF</strong>: 4x</p>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| **Initial Margin Requirements**                                 | <p><strong>SOL / BTC / ETH:</strong> 5% of oracle spot price</p><p><strong>APT / ARB :</strong> 10% of oracle spot price.<br><strong>BNB:</strong> 12.5% of oracle spot price.<br><strong>PYTH / TIA / JTO / SEI / JUP / STRK / TNSR / GMC / POPCAT / EIGEN / DBR / GOAT / DRIFT:</strong> 20% of oracle spot price.<br><strong>BONK / WIF</strong>: 25% of oracle spot price</p>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Maintenance Margin Requirements**                             | <p><strong>SOL / BTC / ETH / APT / ARB : 3</strong>% of oracle spot price.<br><strong>BNB:</strong> 8% of oracle spot price.<br><strong>PYTH / TIA / JTO / BONK / SEI / JUP / STRK / WIF / TNSR / GMC / POPCAT / EIGEN / DBR / GOAT / DRIFT:</strong> 10% of oracle spot price.</p>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **Minimum Lot Sizes**                                           | <p><strong>SOL</strong> 0.1 </p><p><strong>BTC</strong> 0.001 </p><p><strong>ETH</strong> 0.01 </p><p><strong>PYTH</strong> 1.0 </p><p><strong>ARB</strong> 1.0 </p><p><strong>TIA</strong> 0.1 </p><p><strong>BNB</strong> 0.01 </p><p><strong>APT</strong> 0.1<br><strong>JTO</strong> 0.1<br><strong>BONK</strong> 0.1<br><strong>SEI</strong> 1.0<br><strong>JUP</strong> 1.0<br><strong>STRK</strong> 1.0<br><strong>WIF</strong> 1.0<br><strong>TNSR</strong> 1.0<br><strong>GMC</strong> 0.1<br><strong>POPCAT</strong> 1<br><strong>EIGEN</strong> 0.1<br><strong>DBR</strong> 10.0<br><strong>GOAT</strong> 1.0<br><strong>DRIFT</strong> 1.0</p>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| **Underlying Oracle Feed**                                      | Pyth: [SOL/USD](https://pyth.network/price-feeds/crypto-sol-usd?cluster=solana-mainnet-beta), [BTC/USD](https://pyth.network/price-feeds/crypto-btc-usd?cluster=solana-mainnet-beta), [ETH/USD](https://pyth.network/price-feeds/crypto-eth-usd?cluster=solana-mainnet-beta), [APT/USD](https://pyth.network/price-feeds/crypto-apt-usd?cluster=solana-mainnet-beta), [ARB/USD](https://pyth.network/price-feeds/crypto-arb-usd?cluster=solana-mainnet-beta), [BNB/USD](https://pyth.network/price-feeds/crypto-bnb-usd?cluster=solana-mainnet-beta), [PYTH/USD](https://pyth.network/price-feeds/crypto-pyth-usd?cluster=solana-mainnet-beta), [TIA/USD](https://pyth.network/price-feeds/crypto-tia-usd?cluster=solana-mainnet-beta), [JTO/USD](https://pyth.network/price-feeds/crypto-jitosol-usd), [BONK/USD](https://pyth.network/price-feeds/crypto-bonk-usd), [SEI/USD](https://pyth.network/price-feeds/crypto-sei-usd?cluster=solana-mainnet-beta), [JUP/USD](https://pyth.network/price-feeds/crypto-jup-usd?cluster=solana-mainnet-beta), [STRK/USD](https://pyth.network/price-feeds/crypto-strk-usd?cluster=solana-mainnet-beta), [WIF/USD](https://pyth.network/price-feeds/crypto-wif-usd?cluster=solana-mainnet-beta), [TNSR/USD](https://pyth.network/price-feeds/crypto-tnsr-usd), [GMC/USD](https://www.pyth.network/price-feeds/crypto-index-gmci30-usd), [POPCAT/USD](https://www.pyth.network/price-feeds/crypto-popcat-usd), [EIGEN/USD](https://www.pyth.network/price-feeds/crypto-eigen-usd), [DBR/USD](https://www.pyth.network/price-feeds/crypto-dbr-usd), [GOAT/USD](https://www.pyth.network/price-feeds/crypto-goat-usd?cluster=pythnet), [DRIFT/USD](https://www.pyth.network/price-feeds/crypto-drift-usd) |
| **Funding Rate Bounds**                                         | ±2% per day                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| **Multiplier**                                                  | 1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| **Multiplier Currency**                                         | Underlying (SOL, BTC, ETH, APT, ARB, ...)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Liquidation Rewards**                                         | <p>Percentage of maintenance margin at time of liquidation:</p><ul><li>30% to liquidator</li><li>35% to insurance fund</li><li>User keeps 35%</li></ul>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |

### Funding on Zeta

[Learn more](https://docs.zeta.markets/zeta-protocol/exchange-architecture/perpetual-funding-system) about Perpetual Funding Rates.
