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Position limits

Sizes are notional (collateral times leverage), in USDC.

MarketMax per position or transactionMax per Clock timestamp (market-wide)
BTC$1M$3M
ETH$1M$3M
SOL$1M$2M
SUI$500k$1M
NVDA$500k$1M
TSLA$500k$1M
GOOGL$500k$1M
SPCX$500k$1M
LimitValue
Open size per account, across all markets$3M
Open size per market side (long or short)$10M
Pending open orders per account64

The first cap also limits the total new size one transaction can open on a market. The market-wide cap limits new size opened on a market within the same on-chain millisecond.

An order that breaks a per-position or per-account cap is refunded at once, with the $0.02 execution fee kept. An order that misses a market-wide cap waits, and fills or expires with a refund.

If limits change between your request and the fill and your order no longer fits, it is refunded to your free balance.