Markets
Perpetual Futures
Leveraged perpetuals on crypto and RWAs, with onchain funding
Perpetual futures on crypto assets and real-world assets (RWAs) run on the same engine as spot. They are live on the Global testnet; mainnet is coming soon. Funding, the mark price and margin are computed onchain.
How they work
- Funding payments between longs and shorts are made onchain.
- The mark price is an exponential moving average, published onchain.
- Positions are cross-margined from one USDso collateral pool.
- Liquidation runs in stages, ending in auto-deleveraging (ADL).
| Underlyings | Crypto and RWAs |
| Collateral | USDso, cross-margin |
| Status | Global testnet; mainnet coming soon |