perpetuals, settled on‑chain.

non-custodial perpetuals on a cross-margin account. collateral sits in a contract you deploy from your own wallet, and every fill, funding payment and liquidation is a transaction you can read in a block explorer.

orders match off-chain and commit in batches, so a fill lands in a few hundred milliseconds while the contract still enforces margin. one account carries positions across every market.

volume, rolling day315M

markets12

markets

mark price is a weighted oracle aggregate with a deviation guard, so one bad print on one venue cannot liquidate you. funding accrues hourly.

market	mark	24h	funding 1h
eth	2385.51	-4.6%	-0.0018%
btc	81355.12	-3.2%	-0.0012%
sol	103.55	-4.5%	-0.0024%
arb	0.1805	-8.5%	-0.0031%
link	11.955	-5.1%	-0.0009%
op	0.1195	-9.2%	-0.0041%

how an account works

deploy the account contract from your wallet and deposit usdc as margin. the contract is the only holder of your collateral, and its balance is checkable at any block.
place limit, market or reduce-only orders. the router returns a signed batch and commits it within the same second, and the position card links to the settlement transaction.
keepers liquidate only the portion needed to restore margin, the penalty goes to the keeper and the insurance vault rather than to other traders, and the rest of the position stays open.
withdraw whenever the account holds no open exposure. withdrawals pay straight from the contract balance, with no approval step and no queue.

fees

tier	volume, 30 days	maker	taker
0	under 1M	0.020%	0.045%
1	1M and up	0.015%	0.035%
2	10M and up	0.010%	0.030%
3	50M and up	0.005%	0.025%

volume counts both sides on a rolling window and recalculates with each fill, so a tier change does not wait for a billing period. maker orders that reduce a position pay nothing.