Markets
Perpetual Futures
Leveraged perpetuals on crypto and RWAs, with onchain funding
Perpetuals with every rule onchain.
Perpetual futures on crypto assets and real-world assets (RWAs) run on the same engine as spot. Funding, the mark price and margin are computed onchain, so long and short positions are cross-margined from one collateral pool under rules anyone can read.
Features
- Onchain funding payments between longs and shorts
- Mark price from an exponential moving average, published onchain
- Cross-margin from one USDso collateral pool
- A staged liquidation waterfall, through to auto-deleveraging
At a glance
| Underlyings | Crypto and RWAs |
| Collateral | USDso, cross-margin |
| Liquidation | Staged waterfall with ADL |
See also: Spot & derivatives
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