Instruments
Perps markets are represented by instruments, which are the listed perpetual contracts available to trade.
Each instrument also includes details that shape how it trades:
- Underlying asset
- Collateral and quote asset
- Price and quantity precision
- Tick size
- Minimum order size
- Risk tiers and leverage caps
- Mark, index, and funding configuration
Market parameters can change as markets evolve. Builders should read live
instrument details from Market Data
before submitting orders.