# Distribution Table ## $SPRK Tokenomics:
* Current Order Book Prices: The top figure is a measure of the lowest ask (selling) price, and the bottom figure is a measure of the highest big (buying) price.
* 24h Data: The highest and lowest prices in the last 24 hours, and the percentage change.
* 1h Funding Fee: The left (red) figure measures the hourly rate at which long positions pay shorts. The right (green) figure measures the hourly rate at which shorts pay longs. For more information, hover your cursor over each rate. A complete breakdown of SparkDEX Eternal’s Funding Fee mechanism is available \[[HERE](https://docs.sparkdex.ai/sparkdex-defi-ecosystem/sparkdex-eternal-perps-exchange/funding-rates-on-sparkdex-eternal)].
* Fee Discount: Users staking SparkDEX’s native token, $SPRK, receive fee discounts of up to 20% on all perpetuals trades. Full details on $SPRK staking benefits and fee discount tiers are available \[[HERE](https://docs.sparkdex.ai/sparkdex-defi-ecosystem/staking)]. 🔸(3) Long or Short: Once you have chosen your contract, you can open a Long position, where you buy the XRP-USD contract and profit as XRP’s price rises. Alternatively, you can open a Short position, where you sell the contract and profit as XRP’s price falls. 🔸(4) Order Type: Now, determine what type of order you would like to use to open a position. A Market Order opens a position immediately at the best available price, buying or selling contracts into the existing orders that populate the order book. Conversely, a Limit Order places an entry in the order book at a designated price that may be filled by other traders. Market Orders provide instant market entry, but can result in worse entry prices, while Limit Orders offer better control over entry price, but risk never being executed if the market moves in the opposite direction. 🔸(5) Collateral: In order to trade perps, users must deposit assets to the platform as collateral. SparkDEX Eternal currently supports 4 different assets as collateral: USDT0, WFLR, sFLR, and FXRP. To proceed, select your collateral type and determine the amount you want to deposit. In the example above, the user deposits 10 USDT0 as collateral. 🔸(6) Leverage: Use the leverage slider to determine how much you would like to amplify your exposure. To mirror a normal spot position, move the leverage slider to 1x.\ \ 🛑 **Risk Management** 🛑: Before proceeding any further, take a moment to understand the risk you are taking on by employing any amount of leverage.👇\ \ **Leverage** is a unique concept offered in perpetuals markets. A user leverages deposited collateral to borrow capital from liquidity providers (LPs) on the platform, effectively gaining access to a larger position size with greater return potential. For instance, utilizing 5x leverage from a $10 deposit, a user going Long on XRP-USD opens a $50 position. Subsequently, if the price of XRP-USD increases 10%, the user’s position increases by $5 rather than $1, increasing profit by a factor 5.\ \ However, it is a law of markets that risk and return are inherently correlated. As such, leverage also puts a trader at greater risk when the market moves against an open position. Because leverage involves borrowing, if total losses approach the value of a user’s collateral, it may be liquidated — that is, sold directly into the open market at the current price — in order to repay the user’s debt, thereby protecting the system from loss. In the example above, if the user with a 5x long position on XRP-USD sees the price fall 20%, the user’s losses will be $10 rather than $2, requiring the system to liquidate the user’s initial collateral of $10 to avoid incurring systemic losses.\ \ In order to assist users in evaluating risk, SparkDEX Eternal provides comprehensive metrics so that users can see their fees, position size, and potential liquidation price prior to opening a position. Users must also accept all terms and demonstrate an understanding of the risks involved with leverage prior to trading perpetuals contracts on the platform. Once you understand leverage and the risks involved, you are ready to proceed. Use the green “Long” or red “Short” button to open your first position, as seen in the image below. Congratulations, and welcome to SparkDEX Eternal’s perpetuals arena! Here, you can choose your Leverage:
Use the green “Long” or red “Short” button to open your first position
🔸(1) Activating Pro Mode: Prior to opening a position, click on the gray “Pro Trading” button. It will slide to the right and turn green, as a dropdown menu appears with all of SparkDEX’s advanced trading features. 🔸(2) Advanced Trading Features: Each of SparkDEX Eternal’s 5 advanced trading features has simple function that vastly reduces risk or locks in profits, depending on your strategy. * Stop Loss: Designate a price where your position will automatically close if the market moves against you, protecting your remaining collateral, and avoiding liquidation. * Take Profit: Designate price where your position will automatically close once the market moves in your favor, locking in profits before the market can turn around. * Trailing Stop: Designate a moving price buffer that follows the market in your favor and automatically closes your position only when the price reverses by your designated buffer value, locking in profits while allowing market momentum to drive further gains. * Reduce Only: Ensure that any new order you place can only decrease or close your existing position, thereby limiting exposure. * Protect Order: Ensure that SparkDEX Eternal automatically adds stop loss and take profit levels to your trades, maximally managing volatility upon opening a position. Advanced trading features may also be accessed and utilized after creating open positions via SparkDEX Eternal’s positions dashboard, located below the price chart.
# Funding Rates on SparkDEX Eternal ### Overview Funding rates on SparkDEX Eternal are designed to maintain market balance between long and short positions. These rates are calculated hourly for each market and collateral type, ensuring that market conditions are dynamically reflected in real-time. By adjusting funding rates based on the open interest imbalance between longs and shorts, the platform incentivizes equilibrium while preventing significant market distortions. ### How Funding Rates Work The funding rate mechanism ensures that traders with positions on one side of the market (long or short) pay or receive funding based on the market’s long-to-short ratio: * **Long-heavy Market:** When the total open interest of long positions exceeds that of short positions, traders holding long positions pay funding to those holding short positions. * **Short-heavy Market:** Conversely, if the total open interest of short positions exceeds that of long positions, traders holding short positions pay funding to those holding long positions. Funding rates are **asset-based** and calculated on an hourly basis to reflect real-time market conditions. The adjustments ensure that the market remains fair and balanced, providing incentives for traders to counteract large imbalances. ### Adaptive Funding Rates SparkDEX Eternal uses an **adaptive funding rate model** that gradually adjusts over time based on the open interest ratio of longs to shorts. This model helps stabilize the market by encouraging traders to correct imbalances through their trading actions. #### Mechanism of Adjustment 1. **Imbalance Scenario:** * If the open interest for longs significantly exceeds that of shorts, the funding rate paid by longs to shorts will increase incrementally. This continues until the open interest imbalance is reduced below a predetermined threshold or until an upper limit for the funding rate is reached. * Similarly, if shorts exceed longs, the funding rate paid by shorts to longs will increase incrementally. 2. **Correction Scenario:** * If traders close long positions or open more short positions, thereby reducing the imbalance, the funding rate adjusts downward gradually. * If the market flips and shorts now exceed longs, the funding rate shifts direction, and shorts will pay an incrementally increasing rate to longs. 3. **Steady State:** * Once the difference between long and short open interest falls below the threshold, the funding rate stabilizes. At this point, the funding rate reflects the near-equal balance between longs and shorts. ### Key Benefits * **Real-time Adjustment:** The adaptive funding model ensures funding rates always reflect current market conditions. * **Market Stability:** By incentivizing equilibrium, the model helps maintain a balanced market. * **Fairness:** Traders are rewarded or penalized based on the position imbalances they contribute to, promoting responsible trading behavior # Delegate to FTSO's on SparkDEX SparkDEX has recently added an **'Ecosystem'** Page to its UI, enhancing the overall trading experience for users as well as adding a new feature: Users can now delegate to FTSO's seamlessly through SparkDEX. ### What does 'Delegation' to FTSO's mean? **Delegation** is the process in which a user assigns their vote power (which equals their total holdings of WFLR) to an FTSO Data provider to increase the data provider’s voting influence. Delegating to data providers in this way allows you to earn a share of the network rewards they receive for providing accurate data. While you can choose to not delegate and simply let your tokens sit on an exchange or in your wallet, you would be missing out on two opportunities: * Earning additional rewards. * Strengthening the ecosystem (and in-turn further increasing your rewards) by supporting the best data providers. When you delegate your WFLR, you retain the ability to participate in [governance voting](https://docs.flare.network/user/governance/voting/) and to receive [FlareDrops](https://docs.flare.network/tech/the-flaredrop/). ### SparkDEX's own FTSO is [Live:](live:https://x.com/SparkDexAI/status/2000595127363121309) In case you didn't know - SparkDEX is an infrastructure provider on Flare.\ This means, SparkDEX's own FTSO is now available, and you can delegate to it now via our [interface](https://sparkdex.ai/ecosystem/ftsodelegation) and (at the time of writing) earn an APR of 5.85% on your supplied WFLR.
| Contract | Address | Description |
|---|---|---|
| $SPRK Token | 0x657097cC15fdEc9e383dB8628B57eA4a763F2ba0 | The core utility and governance token of SparkDEX. |
| xSPRK (Staking) | 0xB5Dc569d06be81Eb222a00cEe810c42976981986 | Wrapped staking token required to earn revenue share. |
| Dividends Distributor | 0x710a578356A3Dfa7C207B839D3E244807b2f5AFE | Contract responsible for distributing rewards to xSPRK holders. |
| Contract | Address |
|---|---|
| AddressStorage | 0x81131006A128356c4359eBA06D65f46615684fbC |
| DiscountChecker | 0x10E759F46C38BEeBF8e632889189EEc3aF6Fa663 |
| Executor | 0xB4B31694887EcA3C42e877D6a9B09F40b7082D94 |
| FTSOv2Adapter | 0x6074D41beD30f7873ef49054EBC851AD54BfC403 |
| FundingTracker | 0xB9C3DCE6a456C16Bc20Afe405f254fdeF5a93a0A |
| OrderBook | 0x641CA9819F39e9c853EF846658DC92E72cE5DdA1 |
| PositionManager | 0xCfd351b9C57e4C14E7F41EfFc7FF000401ac5cD9 |
| ReferralStorage | 0x7228ed80f2D69A58231AAEACA9D460D1a280841c |
| Store | 0x910B51EA34aa5126Bb49f37b41C7B0BFD11d7701 |
| TradingValidator | 0xdb854b5ff5Ab2c4255Dea7eF1A7C18A28c295f95 |
| Contract | Address |
|---|---|
| AddressStorage | 0x6098bF06bB653626Fa25c44CB232eC4A2bDc659D |
| FTSOv2Adapter | 0x586F35597D0F0f16c46EaDBffB08a3b439ff17ee |
| ReferralStorage | 0x7c45e1b4CF81581927a854d7d47c79e3F7211309 |
| TradingValidator | 0x7c6F8Db7C4Cb32F9540478264b15637933E443A4 |
| FundingTracker | 0x96Adda2A49E910d8A1def86D45dAD59F80E7A9C6 |
| OrderBook | 0xf76DC0d42A40E53021162521E5ac916AAe2500B9 |
| Store | 0x74DA11B3Bb05277CF1cd3572a74d626949183e58 |
| PositionManager | 0x0d59962e4fC41a09B73283d1a0bf305dB1237c48 |
| Executor | 0x7c224027d3188a6d97186604234c6BFa5CE6CD8E |
| DiscountChecker | 0xE33A95A41F726F0BC3Aa533086ad65C84Ec05524 |
EntryPoint deployed to: 0x03f8B4b140249Dc7B2503C928E7258CCe1d91F1A TickLens deployed to: 0x04ACde7811F23B69fB1759A3F2fc98bD18D60894 Quoter deployed to: 0xD637cbc214Bc3dD354aBb309f4fE717ffdD0B28C QuoterV2 deployed to: 0x6AD6A4f233F1E33613e996CCc17409B93fF8bf5f SwapRouter deployed to: 0x69D57B9D705eaD73a5d2f2476C30c55bD755cc2F NonfungibleTokenPositionDescriptor deployed to: 0x50FCbF85d23aF7C91f94842FeCd83d16665d27bA Proxy deployed to: 0x658E287E9C820484f5808f687dC4863B552de37D NonfungiblePositionManager deployed to: 0x49BE8AA6c684b15e0C5450e8Fa0b16Bec1435596 AlgebraInterfaceMulticall deployed to: 0xAbAc6f23fdf1313FC2E9C9244f666157CcD32990 AlgebraEternalFarming deployed to: 0x28DeD2af752655Df5Ee92450DC259F92a5ABe449 FarmingCenter deployed to: 0x38A5C36FA8c8c9E4649b51FCD61810B14e7ce047 #### Plugin - branch: AlgebraUpgradeablePluginFactory: 0x0f460A2b3E8ba1Cc4D33E47f207EA03B37A286a7 SecurityRegistry: 0x34D6F4f7D27B94C157aE3DB2D17C1beCB1bBF89C FactoryImplementation: 0x503D191CaFaB1d097b5F798d850E5897195C1d74 AlmImpl: 0xE94de02e52Eaf9F0f6Bf7f16E4927FcBc2c09bC7 DynamicFeeImpl: 0x5AeFBA317BAba46EAF98Fd6f381d07673bcA6467 FarmingProxyImpl: 0xF2A0Bc44DEbD394076C67962BB4869Fd43c78018 SecurityImpl: 0x49a390a3dFd2d01389f799965F3af5961f87d228 VolatilityOracleImpl: 0x37A4950b4ea0C46596404895c5027B088B0e70e7 ProxyAdmin: 0x1B3B62B519a60E8927d4FfbB54681871e1Bb6F11 FactoryProxy: 0x0f460A2b3E8ba1Cc4D33E47f207EA03B37A286a7 PluginImplementation: 0x893388ba29248261a0F13371BD4AE3700Ce06EC9 # Audits & Security ## SparkDEX has performed multiple Audits Browse all Audits below: {% content-ref url="/pages/k7nWA5KAbQcus6ItS0pU" %} [V3 Audit](/additional-information/audits-and-security/v3-audit) {% endcontent-ref %} {% content-ref url="/pages/0aIxikNFX2GyreIW4bIk" %} [V3.1 Audit](/additional-information/audits-and-security/v3.1-audit) {% endcontent-ref %} {% content-ref url="/pages/qw6Bd4PeAuMRF85htQng" %} [V3.1 (2) Audit](/additional-information/audits-and-security/v3.1-2-audit) {% endcontent-ref %} {% content-ref url="/pages/3Epf5mTh5ifT6PpBzV6P" %} [V4 DEX Audit](/additional-information/audits-and-security/v4-dex-audit) {% endcontent-ref %} {% content-ref url="/pages/6cDEc0fXQVg4PYAI78vv" %} [SPRK Token SC Audit](/additional-information/audits-and-security/sprk-token-sc-audit) {% endcontent-ref %} {% content-ref url="/pages/UoFHBlJOKipWPsdiseQX" %} [Perps Audit 2024](/additional-information/audits-and-security/perps-audit-2024) {% endcontent-ref %} {% content-ref url="/pages/lT5cV7PkQz8KGfuZ6Bqr" %} [Perps Audit 2025](/additional-information/audits-and-security/perps-audit-2025) {% endcontent-ref %} {% content-ref url="/pages/Ly1UbP8xuiQx2m95wTRy" %} [SparkDEX Distributor Audit](/additional-information/audits-and-security/sparkdex-distributor-audit) {% endcontent-ref %} {% content-ref url="/pages/gUBWmJZMwbunniVIBUeS" %} [stFLR Audit](/additional-information/audits-and-security/stflr-audit) {% endcontent-ref %} # V3 Audit ### SparkDEX V3.0 DEX has been audited by Protofire: {% embed url="