Perps
Perpetual futures DEXs offer high-leverage crypto trading without expiry dates. Explore Perps tokens.
Top gainers this week
Top losers this week
$SAKE fell 25 places this week
$PERPSPAD climbed 16 places this week
$SNX climbed 13 places this week
$ANY · 10 gem score this week
$JLP · 73 gem score this week
23 tokens rose and 26 fell this week
$GMX +36 places this month
Up 35 places this month, $AEVO is gaining ground
@EnaGovernance+1•17$AVNT looks like a long term play
Frequently asked questions
How has Perps performed recently?
The Perps category has seen notable activity over both the 7-day and 30-day windows. Jupiter Perps LP (JLP) shows strong performance, leading streaks of 7 and 12 days respectively, and recording the highest score of 72.8316 in both periods. Aevo Perps (AEVO) and GMX are prominent climbers, with AEVO rising 39 ranks in 7 days and 34 ranks in 30 days, while GMX gained 38 ranks in 7 days and 33 ranks in 30 days, also registering the minimum score of 0.0 in both periods. Synthswap Perps (SYNTH) also climbed 19 ranks over 7 days and 14 ranks over 30 days. PERPSPAD made significant percentage gains, climbing 8 ranks with a 54.6% score increase in 7 days, and 15 ranks with a 128.1% score increase in 30 days. LogX V2 (LOGX) was a strong climber over 30 days, increasing by 14 ranks with a 123.8% score increase. Conversely, Perpetual Exchange Protocol (PERC) was a significant faller, dropping 14 ranks with a -44.8% score change in 7 days, and 26 ranks with a -52.1% score change in 30 days. Contango V2 (TANGO) fell 19 ranks with a -45.1% score change over 7 days. On the 30-day window, Perp Bank (PERP) also saw a substantial decline, falling 23 ranks with a -59.9% score change. The category breadth was positive, with 32 tokens up and 14 down in the 7-day window, and 29 up and 17 down in the 30-day window.
What are perpetual futures?
Perpetual futures are a type of derivative contract that allows traders to speculate on the future price of an asset without an expiration date. Unlike traditional futures, they do not have a set settlement date, allowing positions to be held indefinitely as long as margin requirements are met.
How do perpetual futures differ from traditional futures contracts?
The primary difference is the absence of an expiry date. Traditional futures have a fixed expiry, after which they are settled. Perpetual futures use funding rates to keep their price pegged to the underlying asset's spot price.
What is a funding rate in perpetual futures?
The funding rate is a small payment exchanged between long and short positions at regular intervals. It helps to keep the perpetual contract's price close to the underlying asset's spot price. If the perpetual price is higher than spot, longs pay shorts, and vice-versa.
What risks are associated with trading perpetual futures?
Perpetual futures involve significant risks, primarily due to leverage. High leverage can amplify both gains and losses, potentially leading to rapid liquidation of positions if the market moves against the trader. Other risks include smart contract risk and platform-specific risks.
How do perpetual futures DEXs work?
Decentralized exchanges (DEXs) for perpetual futures allow users to trade these contracts directly from their cryptocurrency wallets without needing to deposit funds with a centralized custodian. They typically use smart contracts to facilitate trading, manage collateral, and execute liquidations, offering greater transparency and user control.