Perpetual Futures

1. No Expiry

Unlike regular futures, perpetual contracts don’t expire. Traders can hold their positions as long as they maintain the required margin.

2. Funding Rates

To keep the contract price close to the spot price of the underlying asset, funding payments occur between traders (long and short).

• If the perpetual price is higher than the spot price, long traders pay short traders (positive funding rate).

• If the perpetual price is lower than the spot price, short traders pay long traders (negative funding rate).

3. Leverage

Traders can use leverage (e.g., 10x, 20x, 30x), allowing them to open positions larger than their account balance. However, leverage increases both potential profits and risks.

4. Mark Price

Exchanges use a mark price (calculated from the spot market price) to determine liquidation levels and reduce the risk of market manipulation.

5. Margin Requirements

Traders must maintain a margin balance to keep their positions open. If the account balance falls below the maintenance margin level, the position may be liquidated.

Markets

Ticker	Name	Leverage
BTC	Bitcoin	40x
ETH	Ethereum	35x
SOL	Solana	20x
ARB	Arbitrum	20x
OP	Optimism	20x
AVAX	Avalanche	20x
LINK	Chainlink	25x
AAVE	AAVE	25x
CRV	Curve	25x
UNI	Uniswap	20x
SUI	Sui	15x
TIA	Celestia	5x
SEI	Sei	15x
ZRO	LayerZero	5x
XRP	Ripple	30x
WIF	dogwifhat	10x
kPEPE	PEPE	10x
DOGE	Dogecoin	15x
kSHIB	Shiba Inu	10x
kBONK	Bonk Inu	10x
APT	Aptos	20x
BNB	Binance Coin	30x
JTO	JTO	15x
ADA	Cardano	20x
LDO	Lido	20x
POL	Polygon	25x