#FAQ

Answers to commonly asked questions about Exolane.

#General Questions

#What is Exolane?

Exolane is a non-custodial perpetual futures DEX on Arbitrum focused on transparent trading parameters, oracle-settled execution, and market-driven funding with a hard cap.

#Why is it called "non-custodial"?

Non-custodial means Exolane never takes custody of your funds. Your collateral is held in smart contracts — no admin function exists that can transfer user collateral out. The multisig can pause trading operations in emergencies, but withdrawals cannot be admin-paused and remain available at all times.

#What network does Exolane run on?

Exolane runs exclusively on Arbitrum One, a Layer 2 scaling solution for Ethereum. This provides low fees (~$0.01) and fast confirmations while inheriting Ethereum's security.

#What markets can I trade?

Exolane offers 16 live perpetual markets:

  • BTC/USD
  • ETH/USD
  • SOL/USD
  • BNB/USD
  • XRP/USD
  • DOGE/USD
  • XMR/USD
  • AVAX/USD
  • LINK/USD
  • SUI/USD
  • EUR/USD
  • USD/JPY
  • GBP/USD
  • XAUT/USD
  • QQQ/USD
  • SPY/USD

#Trading Questions

#What's the maximum leverage?

  • BTC/USD, ETH/USD, EUR/USD, USD/JPY, GBP/USD, QQQ/USD, and SPY/USD: Up to 10x (10% initial margin)
  • SOL/USD, BNB/USD, XRP/USD, DOGE/USD, XMR/USD, AVAX/USD, LINK/USD, and SUI/USD: Up to 5x (20% initial margin)
  • XAUT/USD: Up to 10x

#What are the trading fees?

  • Taker fee: 0.02%
  • Maker fee: 0.00%
  • Liquidation penalty: 0.00%

#Is Exolane funding fixed at 15%?

No. Funding on Exolane changes with long and short imbalance. The ±15% APR figure is a hard ceiling enforced by on-chain smart contract rules, not a target or default rate, so calmer markets can run well below the cap.

#Why is funding capped at 15%?

Traditional perpetual exchanges can have funding rates spike to 100%+ during volatile markets. On Exolane, the live funding rate remains market-driven, but it is capped at ±15% APR per market by on-chain smart contract rules to:

  • Keep costs predictable
  • Make leveraged positions held for hours, days, or weeks more viable
  • Protect against "funding squeeze" attacks

That makes Exolane a better fit for traders who want a published ceiling on carry costs instead of open-ended funding spikes.

#How does Exolane compare to other perpetual venues?

Exolane is built around a different set of tradeoffs:

  • Orders settle at the next valid oracle update rather than against local order-book or pool depth on Exolane
  • Funding is market-driven but capped at ±15% APR per market by on-chain smart contract rules, which puts a published ceiling on carry costs without turning 15% into the normal rate
  • User collateral remains in smart contracts, and withdrawals are not subject to an admin pause

If you want instant local matching or much higher leverage ceilings, another venue may fit better. If you want bounded funding, transparent parameters, and non-custodial collateral, Exolane is designed for that use case. Direct venue-to-venue parameters can change over time, so compare current docs before making a final decision.

#Does Exolane profit from funding?

No. The protocol does not take any share of funding payments. 100% of funding flows directly between traders. This is disclosed in the Fee Structure and the on-chain market parameters.

#Why didn't my order execute at the price I saw?

Exolane uses oracle-based settlement. Your order settles at the next valid oracle price after submission. That means the final price can differ from the on-screen quote if the oracle updates while your order is pending. There is no local price impact from trade size on Exolane; the difference comes from the oracle updating during the pending window.

#Does my order size change the execution price?

No. Exolane does not use local order-book depth or an AMM curve to set your fill price. Orders settle at the oracle price for the settlement update, so your size and other Exolane order flow do not create local price impact.

#Why is there a delay in my order?

Orders enter a pending state and settle on the next oracle update. This typically takes 1-5 seconds. The delay protects against manipulation.

#Account Questions

#How do I deposit funds?

  1. Connect your wallet
  2. Click "Deposit"
  3. Approve USDC (first time only)
  4. Confirm the deposit

#Can I withdraw anytime?

Yes, you can withdraw free collateral (not being used as margin) at any time.

#What is 1-Click Trading?

1-Click Trading creates a session key that allows you to trade without wallet popups for each transaction. It's more convenient and the session key can only trade—it cannot withdraw funds.

#Is there a minimum deposit?

There's no strict minimum deposit, but you need enough to meet minimum margin requirements (~$10 per position).

#Why did my market margin decrease by a small amount?

Exolane automatically maintains a $0.30+ balance in your collateral account so on-chain keeper fees can be paid. If your collateral balance drops too low, the protocol pulls up to $3.00 from your safest market back to the collateral account. This ensures your trades, stop-losses, and take-profits can always execute. The transfer is bundled atomically with your trade — no extra steps needed. See Automatic Collateral Reserve for details.

#What is the collateral reserve / keeper fee?

Every action (open, close, modify margin, set SL/TP, cancel) is executed by an on-chain keeper that charges a small fee (typically $0.01–$0.05, max $0.30) from your collateral account. The protocol keeps a $2.00 minimum reserve and auto-replenishes to $3.00 when it runs low, pulling from your market with the most headroom. You don't need ETH in your wallet for keeper fees — they come from your USDC collateral.

#Risk Questions

#Is Exolane safe?

Exolane publishes the main controls traders can verify: non-custodial design, audited smart contracts, on-chain parameters, and stale-oracle guards. Traders should still review how leverage, smart contracts, oracle dependency, Arbitrum infrastructure, USDC collateral, and market volatility affect their own use case.

#Can I lose more than I deposit?

Exolane is designed to be non-recourse — your maximum loss per market is intended to be limited to your deposited collateral. In rare edge cases (oracle delays, extreme volatility), the protocol may absorb bad debt rather than pass it to other users. This does not mean trading is safe; you can lose your entire deposit.

#What happens if I get liquidated?

If your margin falls below the maintenance requirement:

  1. A keeper closes your position at the current oracle price
  2. The protocol currently charges 0% liquidation fee (this is a configurable parameter, currently set to zero)
  3. Any remaining collateral stays in your account
  4. If losses exceed your collateral, the protocol absorbs the deficit — you do not owe additional funds

#Why was I liquidated even though the price recovered?

Liquidation is triggered when the price touches your liquidation price. Once a keeper initiates liquidation, it's final—later price recovery doesn't reverse it.

#How can I avoid liquidation?

  1. Use lower leverage
  2. Set stop-losses above/below your liquidation price
  3. Add margin when margin health decreases
  4. Monitor positions during volatile periods

#Technical Questions

#Where do prices come from?

Prices come from Pyth Network, a decentralized oracle that aggregates prices from 50+ data sources including major exchanges.

#What if the oracle goes down?

If the oracle becomes stale (>40 seconds old), trading pauses. No new positions can be opened, and no liquidations occur. Trading resumes when fresh prices arrive.

#Are the contracts audited?

Yes. The public docs list multiple Sherlock and Zellic audits, with links to the reports and their stated scope. Review the Audits page alongside the Security Overview when evaluating the current setup.

#Is the code open source?

All smart contracts are verified on Arbiscan and their source is publicly readable there. Exolane's public docs tie the production deployment to the Perennial V2 audit lineage; users should verify the current contract addresses and verified source on Arbiscan and compare them with the Audits page rather than relying on a summary claim alone.

#Troubleshooting

#My transaction is stuck

  • Check if you have enough ETH for gas
  • Wait a few minutes—Arbitrum may be congested
  • Try refreshing the page

#I can't open a position

Common causes:

  • Insufficient collateral in account
  • Would exceed maximum leverage
  • Market has too many pending orders
  • Oracle is stale

#My balance seems wrong

Balances update when oracle prices update. Wait a few seconds and refresh. PnL is calculated based on settlement prices, not displayed prices.

#The app won't connect to my wallet

  • Ensure you're on Arbitrum One network
  • Try disconnecting and reconnecting
  • Check if your wallet supports Arbitrum
  • Try a different browser

#Where should I go for more help?