SparkDEX is a perpetual futures exchange running on the Flare chain. It lists crypto perpetual markets, including ETH and XRP.
Trading fees follow a tiered model, and traders who stake the SPRK token receive fee discounts of up to 20 percent on all perpetuals trades. Leverage on SparkDEX goes up to 50x.
Funding is settled hourly through an adaptive rate model that adjusts based on the ratio of long to short open interest. SparkDEX restricts access from a number of jurisdictions, including Afghanistan, Belarus, Cuba, Hong Kong and Iran. The platform has its own token, SPRK, and runs a weekly trading competition distributing up to 125,000 rFLR to active perpetuals traders. Its referral program pays referrers a 5 percent fee-commission and gives referred traders a 5 percent fee-cashback, with a tier system in place to prevent self-referrals.
SparkDEX offers up to 50x leverage on its listed perpetual markets.
SparkDEX runs on the Flare chain.
Yes, SparkDEX has its own token, SPRK, and stakers receive fee discounts of up to 20 percent.
SparkDEX pays referrers a 5 percent fee-commission and gives referred traders a 5 percent fee-cashback, with a tier system to prevent self-referrals.
No, SparkDEX restricts access from a number of jurisdictions, including Afghanistan, Belarus, Cuba, Hong Kong and Iran.
Funding is settled hourly using an adaptive rate model based on the ratio of long to short open interest.