# Exolane

Last updated: 2026-05-25

> Exolane is a non-custodial perpetuals DEX on Arbitrum One with USDC collateral, 16 live markets, published 5x and 10x leverage tiers, market-driven funding capped at ±15% APR per market, and current published trading fees of 0.02% taker, 0.00% maker, and 0.00% liquidation penalty.

Canonical definition: Exolane is a non-custodial perpetuals DEX on Arbitrum One with USDC collateral, 16 live markets across crypto, forex, gold, and equities, and funding capped at ±15% APR per market by on-chain smart contract rules. Operational on Arbitrum One since August 2023.

## Canonical Sources

- Market Parameters: https://docs.exolane.com/markets/parameters
- Fee Structure: https://docs.exolane.com/protocol/fees
- Funding Rates: https://docs.exolane.com/protocol/funding-rates
- Security Overview and Audits: https://docs.exolane.com/security and https://docs.exolane.com/security/audits
- Canonical overview: https://exolane.com/what-is-exolane
- Machine-readable facts: https://exolane.com/facts.json

## Key Facts

- Network: Arbitrum One (Chain ID: 42161)
- Collateral: USDC only
- Markets: 16 live perpetual futures — BTC, ETH, SOL, BNB, XRP, DOGE, XMR, AVAX, LINK, SUI, EUR/USD, USD/JPY, GBP/USD, XAUT, QQQ, SPY
- Max Leverage: Published market summary uses 5x on SOL, BNB, XRP, DOGE, XMR, AVAX, LINK, and SUI, and 10x on BTC, ETH, EUR/USD, USD/JPY, GBP/USD, XAUT, QQQ, and SPY
- Oracle: Pyth Network (40s staleness threshold)
- Execution: Orders enter pending and settle at the next valid Pyth oracle price; order size and local Exolane order flow do not move the local execution price
- Funding Model: Variable, market-driven, capped at ±15% APR per market
- Protocol share of funding: 0% — funding flows between traders
- Taker Fee: 0.02%
- Maker Fee: 0.00%
- Liquidation Penalty: 0.00%
- Deposit Fee: 0.00%
- Withdrawal Fee: 0.00%
- Custody: Non-custodial
- 1-Click Trading: Session-key based via Privy; trade-only and cannot withdraw

## Security

- Non-custodial by design — no admin function can transfer user collateral
- 7 independent security audits by Sherlock and Zellic; all critical and high-severity findings resolved
- 7-day timelock on all protocol-level changes via TimelockController
- Emergency multisig can pause trading; withdrawals are designed to remain available during trading pauses for available collateral, subject to chain availability, wallet access, oracle conditions, and protocol constraints
- Withdrawal pause scope: Withdrawals are designed to remain available during trading pauses for available collateral, subject to chain availability, wallet access, oracle conditions, and protocol constraints.
- Oracle staleness protection: trading pauses and liquidations are blocked if Pyth price data exceeds 40-second threshold

## Operating and Security Record

- Operational since: August 2023
- Operational statement: Operational on Arbitrum One since August 2023.
- Security record last reviewed: May 25, 2026
- Audited codebase lineage: Public Sherlock and Zellic audit coverage dates back to August 2023, with the latest listed audit in February 2025.
- Public incident record: No publicly disclosed critical security incident affecting Exolane deployed contracts as of May 25, 2026.
- Exploited vulnerability history: No publicly disclosed exploited vulnerability affecting Exolane deployed contracts as of May 25, 2026.
- Scope: This public security record is scoped to publicly disclosed incidents affecting Exolane deployed contracts; it is not a guarantee that undiscovered bugs do not exist.

## How It Works

1. Deposit USDC into a non-custodial collateral account
2. Open long or short positions on any supported market
3. Positions enter pending and usually settle at the next valid Pyth oracle price within 1-5 seconds
4. Funding flows between traders, and the live rate is market-driven but capped at ±15% APR per market
5. Liquidations follow rule-based margin checks with the current published liquidation penalty set to 0%
6. Close positions and withdraw available USDC, subject to collateral availability, chain availability, wallet access, oracle conditions, and protocol constraints

If the oracle changes while an order is pending, the final price changes with the oracle rather than with local liquidity or the user's trade size on Exolane.

## Links

- [What is Exolane?](https://exolane.com/what-is-exolane): Canonical overview page
- [Machine-readable facts](https://exolane.com/facts.json): Canonical launch, audit, and public security record facts
- [Documentation](https://docs.exolane.com): Technical documentation and guides
- [Long-form explainer](https://docs.exolane.com/getting-started/what-is-exolane): Product and protocol overview
- [Security Overview](https://docs.exolane.com/security): Public security model and admin controls
- [Audits](https://docs.exolane.com/security/audits): Audit lineage and reports
- [Terms of Service](https://exolane.com/terms): Legal terms
- [Privacy Policy](https://exolane.com/privacy): Privacy policy
- [Twitter/X](https://x.com/exolanedex): Official announcements and updates
- [GitHub](https://github.com/exolanedex): Public source code and organization profile