> For the complete documentation index, see [llms.txt](https://docs.trade.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.trade.xyz/changelog/oracle-time-constant-update.md).

# Oracle Time Constant Update

### *April 30, 2026 - Oracle Time Constant Update*

We reduced the internal oracle time constant from 1 hour to 30 minutes for equity perpetuals.

### *November 21, 2025 - Oracle Time Constant Update*

We reduced the internal oracle time constant from 8 hours to 1 hour for equity perpetuals.

Effect in Practice

* Faster reflection of price discovery - during closed sessions, the oracle now tracks orderflow with a shorter time constant, reducing the gap between “traded price” and oracle.
* Lower funding drag on genuine moves - traders who are directionally right on gap moves keep more of the move (87% vs 10%); shorts who sit through those gaps receive much less funding compensation.
* Same safety properties - the 1 / max\_leverage band on mark vs last external spot still limits single-tick jumps and weekend bands in mark.

<figure><img src="/files/Ntxswhr6MdQVnMYGtlJq" alt=""><figcaption></figcaption></figure>


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