Overview
Margin Trade offers perpetual markets across crypto, equities, and commodities.
A perpetual future lets you take leveraged long or short exposure without an expiry date. You never take delivery of the underlying asset.
Market families
Crypto perpetuals for assets such as BTC, ETH, and SOL
Equity perpetuals for stock-linked markets
Commodity perpetuals for assets such as gold and silver
See Markets for the current listings and per-market parameters.
How trading works
Orders are placed on a central limit order book. See Orders.
Accounts currently use cross margin. See Margin.
Funding keeps perp prices aligned with the underlying market. See Funding.
Mark price drives unrealized PnL and liquidation checks. See Price Feeds.
Distressed positions move through liquidation, backstop, and ADL stages. See Liquidations.
What this page does not cover
This page stays high level. Detailed mechanics live in the pages above so each topic has a single source of truth.
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