# Market Configurations

Each market on Pod is created with a set of protocol-level parameters that govern trading, risk, and settlement behavior.

{% hint style="info" %}
**Orderbook precompile address:** `0x50d0000000000000000000000000000000000002` — all native markets (spot and perp) share this single precompile. See the [Orderbook precompile reference](/guides-references/references/applications-precompiles/orderbook.md) for the ABI.
{% endhint %}

## Common Parameters

| Parameter   | Description                                               |
| ----------- | --------------------------------------------------------- |
| Market ID   | Unique identifier (`bytes32`) for the market              |
| Base Asset  | The asset being traded (e.g. BTC, ETH)                    |
| Quote Asset | The settlement currency (e.g. USDC)                       |
| Market Type | `spot` or `perpetual`                                     |
| Tick Size   | Minimum price increment (1e18)                            |
| Solver      | Public key of the solver responsible for settling batches |

## Perpetual Parameters

| Parameter          | Description                                                                                                                                                          |
| ------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Max Leverage       | Maximum allowed leverage; set per market at creation                                                                                                                 |
| Initial Margin     | Required margin to open a position. Derived: `1 / Max Leverage`                                                                                                      |
| Maintenance Margin | Margin floor below which the position becomes eligible for liquidation. Derived: `Initial Margin / 2`                                                                |
| Interest Rate      | Per-market funding constant, defaulting to 0.01% per 8 hours. See [Perpetuals → Funding](https://github.com/podnetwork/pod-sdk/blob/main/doc/protocol/perpetuals.md) |
| Oracle             | Price feed source (Pyth asset)                                                                                                                                       |

## Live Markets

All markets are quoted in USD (the native token, address `0xEeeeeEeeeEeEeeEeEeEeeEEEeeeeEeeeeeeeEEeE`). The `x` suffix on base symbols denotes synthetic representations of the underlying assets. Perpetual markets use [Pyth](https://pyth.network/) price feeds as the oracle. To discover markets at runtime, call [`ob_getMarkets`](https://docs.v2.pod.network/api-reference/json-rpc).

{% tabs %}
{% tab title="Testnet" %}

#### Global

| Parameter          | Value                   |
| ------------------ | ----------------------- |
| Batch Interval     | 500ms                   |
| Initial Margin     | `1 / Max Leverage`      |
| Maintenance Margin | `0.5 × Initial Margin`  |
| Backstop           | `0.75 × Initial Margin` |

#### Spot Markets

| Market     | Market ID (`bytes32`)                                                | Base Token Address                           |
| ---------- | -------------------------------------------------------------------- | -------------------------------------------- |
| NVDAx-USD  | `0x0000000000000000000000000000000000000000000000000000000000000001` | `0x0000000000000000000000000000000000000001` |
| AAPLx-USD  | `0x0000000000000000000000000000000000000000000000000000000000000002` | `0x0000000000000000000000000000000000000002` |
| GOOGLx-USD | `0x0000000000000000000000000000000000000000000000000000000000000003` | `0x0000000000000000000000000000000000000003` |
| QQQx-USD   | `0x0000000000000000000000000000000000000000000000000000000000000004` | `0x0000000000000000000000000000000000000004` |
| SPYx-USD   | `0x0000000000000000000000000000000000000000000000000000000000000005` | `0x0000000000000000000000000000000000000005` |
| GLDx-USD   | `0x0000000000000000000000000000000000000000000000000000000000000006` | `0x0000000000000000000000000000000000000006` |

#### Perpetual Markets

| Market    | Market ID (`bytes32`)                                                | Base Token Address                           | Max Leverage | Oracle       |
| --------- | -------------------------------------------------------------------- | -------------------------------------------- | ------------ | ------------ |
| NVDA-USD  | `0x0000000000000000000000000000000000000000000000000000000000000007` | `0x0000000000000000000000000000000000000007` | 20x          | Pyth `Nvda`  |
| AAPL-USD  | `0x0000000000000000000000000000000000000000000000000000000000000008` | `0x0000000000000000000000000000000000000008` | 20x          | Pyth `Aapl`  |
| GOOGL-USD | `0x0000000000000000000000000000000000000000000000000000000000000009` | `0x0000000000000000000000000000000000000009` | 20x          | Pyth `Googl` |
| QQQ-USD   | `0x000000000000000000000000000000000000000000000000000000000000000a` | `0x000000000000000000000000000000000000000a` | 20x          | Pyth `Qqq`   |
| SPY-USD   | `0x000000000000000000000000000000000000000000000000000000000000000b` | `0x000000000000000000000000000000000000000b` | 20x          | Pyth `Spy`   |
| GLD-USD   | `0x000000000000000000000000000000000000000000000000000000000000000c` | `0x000000000000000000000000000000000000000c` | 20x          | Pyth `Gld`   |

{% hint style="info" %}
Market lists may change as we expand testnet coverage. To stay current, fetch the live list at runtime from [`ob_getMarkets`](https://docs.v2.pod.network/api-reference/json-rpc) rather than hard-coding ids.
{% endhint %}
{% endtab %}

{% tab title="Mainnet" %}
{% hint style="info" %}
**Mainnet is not live yet.** Market configurations will be published here once mainnet launches.
{% endhint %}
{% endtab %}
{% endtabs %}


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