Markets
Parcl trades perpetual futures on Parcl Labs real estate indices. Each contract settles against its named oracle feed. The mainnet markets endpoint is the live source for availability and status.
Markets
| ID | Name | Index type | Oracle update | Maximum OI per side | Margin schedule |
|---|---|---|---|---|---|
| 0 | NYC | Sales | Daily | 1,400 units | View tiers |
| 1 | USA | Sales | Daily | 4,750 units | View tiers |
| 2 | Austin | Sales | Daily | 3,300 units | View tiers |
| 3 | Atlanta | Sales | Daily | 3,500 units | View tiers |
| 4 | Boston | Sales | Daily | 1,450 units | View tiers |
| 5 | MiamiBeach | Sales | Daily | 1,700 units | View tiers |
Sales prices use USD per square foot. The open-interest limit applies independently to long and short positions. Because it is a size limit, its USD notional changes with the oracle price.
This page is the canonical market summary for open interest and oracle cadence.
Read GET /v1/markets before building an order. Its marginTiers, precision,
open-interest, price-band, and status fields are authoritative for the selected
environment. Reject a response that does not match the expected chain and
market set.
Contract model
Each market is a linear USDC contract:
notional = size * price
PnL = size * (exit price - entry price)Long positions have positive size. Short positions have negative size. Positions have no expiry date.
Price safety
The limit-order price band rejects a long limit above the oracle plus 10% and a short limit below the oracle minus 10%. Market orders use max_slippage_bps instead.
Check the market and oracle status before increasing exposure. A visible order book does not imply that the oracle is active.
The trading app disables new Market and Limit exposure when the selected oracle is stale, halted, unavailable, or unknown. Reduce-only orders and cancellation remain available. The app also blocks modifications to exposure-bearing resting orders during that state. A direct API client must check oracleStatus and implement the same fail-closed policy. The validator status field remains the source of truth.
See mark price, oracle, and margin for the price and risk rules.