The Perps product started with 10 markets, including Bitcoin, Ethereum, and the S&P 500, quickly growing to 67. Assets like gold, silver, and oil support leverage up to 20x, while individual stocks such as Nvidia and Apple are capped at 10x.
The platform uses a funding rate capped at 4% per hour to keep contracts aligned with spot prices. Maintenance margin is set at half the maximum leverage rate, meaning a 20x position may be liquidated after a 2.5% margin loss.
Due to a 2022 CFTC settlement and a $1.4 million fine, U.S. users are barred from this product and are instead routed to the regulated Polymarket US exchange.
