> ## Documentation Index
> Fetch the complete documentation index at: https://help.dexari.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Perps Trading

> Learn about perpetual futures (perps) trading

<Info>
  Perpetual futures (perps) let you go long or short on crypto assets with leverage, all from your Dexari app. Perps trading is available in all supported regions except the United States.
</Info>

## What is perps trading?

Perpetual futures (perps) are a type of crypto derivative that allow you to speculate on the price of an asset without owning it directly. Unlike traditional futures, perps do not have an expiration date—you can hold your position as long as you want, provided you have enough margin.

Key features of perps trading on Dexari:

* **Go long or short:** Open a long position if you think the price will rise, or a short position if you think it will fall.
* **Leverage:** Amplify your exposure by borrowing additional funds. Dexari supports up to 40x leverage, letting you control a larger position with less capital.
* **Funding payments:** Perps use a funding rate mechanism to keep prices in line with the spot market. Depending on market conditions, you may pay or receive funding periodically while your position is open.
* **No expiry:** You can keep your position open indefinitely, as long as you maintain sufficient margin.
* **Onchain settlement:** All trades and positions are fully onchain and settled in USDC.

Perps trading is popular with advanced users who want to:

* Hedge spot holdings or manage risk
* Trade both rising and falling markets
* Use leverage to increase potential returns (and risk)
* Access a wide range of crypto markets with deep liquidity

## How to place a perps trade

<Steps>
  <Step title="Check your Perps account balance">
    You need USDC in your Perps account to trade perps. If needed, deposit funds or transfer in from another Dexari account.
  </Step>

  <Step title="Go to Markets or Trade tab and select a Perps market">
    Start from the Markets tab and select a Perps market and trading pair, or go to the Trade tab and change the market type to Perps and select your pair (for example, BTC 40x).
  </Step>

  <Step title="Tap 'Long' or 'Short'">
    Choose Long to open a long position or Short to open a short position. This opens the order placement modal.
  </Step>

  <Step title="Enter the amount, set leverage, and adjust order details">
    Enter the amount you want to trade. Set your leverage (up to 40x), choose margin type (Cross or Isolated), and adjust order type (Market, Limit, Scale, Stop, TWAP) and related details such as price, duration, and more as needed.
  </Step>

  <Step title="Tap 'Long' or 'Short' again to confirm your order">
    Review all details, then press Long or Short again to place your order. Your position will appear in your Perps account once filled.
  </Step>
</Steps>

<Tip>
  You can view and manage your open perps positions from the Trade tab or your Perps account in Portfolio. Completed trades and history are available in the History tab.
</Tip>

***

## Minimums and fees

* Minimum order size: \$10 (USD equivalent)
* Fees: See the <a href="/resources/fees">Fees</a> page for details