Market Parameters
Each Paragon market has specific parameters that govern trading mechanics.
TOTAL = Aggregate market cap of the top 125 crypto assets. All Paragon indices derive from this constituent set.
Summary
Constituent Set
Top 125 by market cap
Top 125 by market cap
Top 125 by market cap
Index Rule
BTC share of TOTAL
TOTAL excluding BTC
TOTAL excluding top 10
Calculation
BTC MCap / TOTAL
TOTAL - BTC
TOTAL - Top 10
Quote Format
Decimal, 4 places (0.5000 = 50%)
Trillions ($0.000T)
Billions ($000.000B)
Margin Mode
Cross / Isolated
Cross / Isolated
Cross / Isolated
Max Leverage
50x
50x
50x
Tick Size
0.01%
$1
$1
Min Order Size
$10
$10
$10
Maintenance Margin
2.5%
2.5%
2.5%
Initial Margin (50x)
2%
2%
2%
Funding Interval
1 hour
1 hour
1 hour
BTC.D
Constituent Set
Top 125 by market cap
Index Rule
BTC share of TOTAL
Calculation
BTC Market Cap / TOTAL
Quote Format
Decimal, 4 places (0.5000 = 50%)
Margin Mode
Cross / Isolated
Max Leverage
50x
Tick Size
0.01%
Min Order Size
$10
Maintenance Margin
2.5%
Initial Margin (50x)
2%
Funding Interval
1 hour
Supply Source
TOTAL2
Constituent Set
Top 125 by market cap
Index Rule
TOTAL excluding BTC
Calculation
TOTAL - BTC
Quote Format
Trillions ($0.000T)
Margin Mode
Cross / Isolated
Max Leverage
50x
Tick Size
$1
Min Order Size
$10
Maintenance Margin
2.5%
Initial Margin (50x)
2%
Funding Interval
1 hour
Supply Source
OTHERS
Constituent Set
Top 125 by market cap
Index Rule
TOTAL excluding top 10
Calculation
TOTAL - Top 10
Quote Format
Billions ($000.000B)
Margin Mode
Cross / Isolated
Max Leverage
50x
Tick Size
$1
Min Order Size
$10
Maintenance Margin
2.5%
Initial Margin (50x)
2%
Funding Interval
1 hour
Supply Source
Parameter Definitions
Constituent Set
The set of assets eligible for inclusion. All indices derive from the same constituent set (top 125 by market cap).
Index Rule
How the index is calculated from the universe. Determines which assets are included and how.
Calculation
The formula used to compute the index value.
Quote Format
How the index value is expressed. Determines the notional units for trading.
Margin Mode
How collateral is allocated. Cross mode uses your entire account balance as collateral across positions. Isolated mode dedicates margin per position. See Portfolio Margin.
Max Leverage
Maximum leverage available. Higher leverage requires less margin but increases liquidation risk.
Tick Size
Minimum price increment. Orders must be placed at multiples of the tick size.
Min Order Size
Smallest notional order value accepted by the system.
Maintenance Margin
Minimum margin ratio to keep a position open. Positions below this threshold are liquidated.
Initial Margin
Margin required to open a position at maximum leverage.
Funding Interval
Frequency at which funding payments are exchanged between long and short holders.
Price Source
Primary and fallback sources for constituent asset prices.
Supply Source
Data vendors for circulating supply figures.
Parameter Updates
Market parameters may be adjusted based on market conditions, liquidity depth, and risk considerations. Changes are announced in advance through official channels.
For index calculation methodology, see Oracles.
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