Mechanics

Price inputs, discovery bounds, funding, and fees for trade[XYZ] perpetuals.

HyperCore provides the core mechanics for xyz perpetuals, including order matching, margin, funding transfers, liquidations, and auto-deleveraging. The pages in this section explains inputs and controls specific to the xyz deployment.

Topic	Purpose
Oracle Price	Reference price used for funding and notional calculations.
Mark Price	Robust price used for P&L, margin, liquidations, and trigger orders.
External Price	External-market input used to derive oracle and mark prices.
Discovery Bounds	Controls applied during periods of external-market closure or disruption.
Fees	Trading fees, growth mode, and fee tiers.

Market-specific settings are listed in Specifications & Schedules.