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Perpetual contracts allow traders to open a long or short position with borrowed funds to increase their position indefinitely. Traders who think an asset will go up in value will open a long position, and traders who think an asset will go down in value will open a short position. We use an on-chain oracle to ensure that large positions do not cause price impact and to eliminate slippage. Liquidity for the platform can be provided by anyone. The liquidity pool can provide high yields for liquidity providers. 100% of utilized funds go towards the liquidity providers as well as the interest traders pay to open a position. Traders will have to pay opening and closing fees for their positions. While their position is open, there is an hourly borrowing rate charged against their position.

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Video Demo

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Product Walkthrough

Screenshot2025 03 09at4 04 12AM Pn There is a TradingView chart that displays the most up-to-date price of the underlying asset. The chart also provides drawing tools and the entire history of price data. It updates every second, allowing you to make informed decisions. To create a position, navigate to the left-hand side. Simply enter your initial collateral and select your leverage. Once these fields are completed, you can click the “Open Long” or “Open Short” button to establish your position. The tab at the top lets you switch between a long or short position. Below this, you can view:
  • The fees you will pay to open your position
  • The liquidation price
  • The price at which you opened the position
  • The total value of your position.
After creating your position, you can manage it from the bottom left side. There are three tabs to navigate:
  1. Positions Tab: Here, you can:
    • Add more collateral
    • Update your stop loss or take profit
    • Close your position
    • See your current profit or loss and your liquidation price.
  2. Open Orders Tab: This displays all your limit orders. You can have multiple limit orders active simultaneously.
  3. History Tab: This shows all your previous trades.