LEARN THE
MARKET.

Plain guides to perps, leverage and price games, a glossary with worked examples, and product updates from the Lynx team.

ALL GUIDES

  1. PERPSLeverage, margin, and position size in crypto perpetualsHow leverage, margin, notional value, and position size relate in perpetual futures, with worked examples for sizing a trade with a liquidation buffer.4 min
  2. PERPSWhat is a perp DEX? Decentralized perpetual exchanges explainedWhat a perp DEX is, how decentralized perpetual exchanges execute and settle trades, and how they differ from centralized futures venues.5 min
  3. PERPSWhy funding rates go negative (and what it tells you)Why perpetual futures funding rates turn negative, what the mechanics reveal about market positioning, and how to read a negative rate before trading.4 min
  4. PERPSOn-chain perpetual futures, explainedHow perpetual futures work without an expiry date, what funding and liquidation do, and what changes when execution moves on-chain.5 min

GLOSSARY

The perpetuals terms you'll meet first, each with a worked example.

PLAY THE MARKET.

Three fast games on the live crypto price, and perps up to 500×.

PLAY GRIDYTRADE PERPS

Both use real crypto. Leveraged trading can lose your whole collateral fast.