Instrument specifications, trading hours, oracle details, and risk parameters for all Aftermath perpetual markets.
Aftermath perpetual markets are grouped into categories based on their underlying asset type and oracle pricing availability.
All Markets
Category
Session
24/7 Crypto & Tokenized Assets
Always open
24/5 Commodity
Relevant exchange hours
For full instrument specifications, oracle details, and trading session schedules, see the subpages
Mark Price & Liquidation Bound
Aftermath's mark price that is used for all liquidation calculations is derived from three components: the TWAP between the oracle price and the order book price, the book price itself, and the funding price (index price adjusted by the funding rate contribution).
Because funding rates are clamped to ±5%, the mark price can never deviate more than 5% from the oracle index price, regardless of where the order book trades. This provides an intrinsic liquidation bound across all markets: both 24/7 and 24/5.
What this means for traders: The order book price can move freely based on supply and demand, but liquidations cannot be triggered by a price dislocation greater than 5% from the oracle. This is particularly relevant for 24/5 commodity markets during off-hours when the oracle feed is stale, positions are protected from unfair liquidations caused by temporary book price divergence.
Notes
Open interest caps may apply per market. These are subject to change as liquidity conditions evolve.
Fees shown are base rates. Dynamic fee adjustments may apply during periods of high volatility or low liquidity.
Leverage limits may be adjusted per market based on liquidity depth and risk assessment. Check the trading interface for the current maximum.
