description
Values for OLP Formula Parameters

Formula Parameters

Parameter	Definition	Value (Subject to Change)
$$a$$	Liquidity Score exponent	0.4
$$b$$	Uptime Score exponent	3
$$c$$	Volume exponent	0.8
$$MinDepth$$	Minimum notional order size¹ needed to generate points for Total Score	$1000
$$MaxSpread$$	Maximum allowable spread against mid-price² in an order to generate points for Total Score	50 bps³ for BTC and ETH perp markets, 100 bps for all other eligible markets

Footnotes

Total underlying amount (position size) on which a derivatives trade is based, or the order size for spot markets ↩
Average between best bid price and best ask price in the order book ↩
basis points (1 basis point = 1% of 1%, or 0.0001) ↩