> ## Documentation Index
> Fetch the complete documentation index at: https://docs.marks.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Supported Markets

> Which markets you can hedge today, and how to read market capacity and carry.

The API currently supports **USDT/NGN** (Nigerian naira), with more frontier-market pairs to follow. The set of markets available to your account is always returned live by `GET /markets`, so you can build against it rather than hard-coding a list.

## Reading a market

Each market in `GET /markets` reports its current state:

| Field                    | Description                                                                                                                           |
| ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------- |
| `market`                 | The pair, e.g. `USDTNGN`.                                                                                                             |
| `status`                 | `open` or `disabled`.                                                                                                                 |
| `price`                  | Current indicative mid rate, in quote currency per USDT. The executable price for a Hedge comes from a [quote](/guides/open-a-hedge). |
| `available_capacity_usd` | The most you can open right now on each side (`buy` / `sell`).                                                                        |
| `net_rate_daily_pct`     | The daily carry rate per side, signed: positive means you pay, negative means you earn.                                               |

```bash theme={null}
curl "$BASE_URL/markets" \
  -H "Authorization: Bearer $MARKS_API_KEY"
```

## Capacity

`available_capacity_usd` is the lower of two limits: the real market headroom, and your own aggregate exposure cap. For the precise headroom net of what you already have open, use `available_exposure_usd` from `GET /account`. See [How Hedging Works](/guides/how-hedging-works#exposure-cap) for how the cap works.

## Tenors

Every supported market can be hedged at a tenor of **1, 3, or 7 days**. See [How Hedging Works](/guides/how-hedging-works#tenor).

## Prices

For a lightweight current mid rate without the full market payload, use `GET /prices` and pass a market as the `symbols` parameter (e.g. `USDTNGN`). This is an indicative reference rate; the price a Hedge opens at, with impact applied, comes from a quote.

```bash theme={null}
curl "$BASE_URL/prices?symbols=USDTNGN" \
  -H "Authorization: Bearer $MARKS_API_KEY"
```