Perpetual futures, also known as “Perps,” are derivative contracts with no expiration date. They enable traders to speculate on the underlying asset's price for an unlimited period.

Unlike traditional contracts that expire on a certain date, perpetual contracts have no expiration date, allowing you to hold them as long as you meet the margin requirements.

The key difference is how they're priced. Perpetual contracts stay close to the actual asset’s price using a funding rate mechanism, while traditional contracts can move away from the asset’s price as they approach their expiration.

Currently, only USDT can be used as margin. Additional tokens will be supported in the future.

The funding rate is a periodic payment exchanged between the long and short positions based on the difference between the perpetual contract price and the spot price. It helps keep the contract price in line with the spot price.

Leverage is adjusted on a sliding scale, up to a maximum of 5x. Leverage cannot be manually adjusted.

Currently, demo accounts are not available for perpetual trading.

No, we currently only offer cross-margin trading. Isolated margin is not available at this time.

Yes, we offer portfolio margining, which allows you to optimize margin requirements across multiple positions within your portfolio.

Yes, the minimum order size depends on the type of contract:

Be sure to review the minimums before placing an order.

You can track your realized and unrealized PnL directly on your trading dashboard.

To close a position, click the “positions” tab and click the X next to the order you wish to close.

Long: By going long, a trader buys the perpetual contract and profits from the price increase.

Short: By going short, a trader sells the perpetual contract, and profits from the price decrease.

Market: A market order allows you to execute a trade immediately at the best available price on the order book when the order is matched.

Limit: A limit order allows you to specify the maximum and minimum price at which you are willing to buy or sell.

Stop: Stop orders let you specify a price below which (for sells) or above which (for buys) the order will trigger. It can help traders limit losses.

Take Profit: This lets you specify a price at or above which (for sells) or at or below which (for buys) the order will trigger. This order type can help traders set profit targets or open positions.
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Choose the trading pair - click on the trading pair you want to use to trade.

Choose the position - click on the position you want to take, i.e. Long or Short.

Choose the order type - click on the order type you would like to use i.e. market, limit, stop, or take profit.

Enter the trade size - define the leverage and amount of crypto to determine the size of the trade

Specify your order price - if using a price order, such as a limit, stop, or take profit, enter the price at which you want to place the order. If using a market order, no price needs to be entered.

Submit the Order - Click the “Review Long Order” or “Review Short Order” button to submit the order.

No. For now, we don't support subaccounts.

Perpetual futures trading can be accessed on CoinList Pro. Once logged in, click on “Pro Trading” on the left navigation bar and click on the “Perpetuals” tab. Successful completion of KYC is a requirement.

Perpetual futures trading on CoinList is only available to whitelisted users in specific non-US regions, after which we will grant full access to non-US users. See our list of supported jurisdictions here.

We have a 1% Liquidation Fee

Trading fees: Charged when opening and closing a position (maker and taker fees).

Please check our fees page for detailed rates.
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