Perpetual Contracts are synthetic trading markets that allow for exposure to arbitrary liquid assets using stablecoin (USDC) collateral. By trading Perpetuals, you can participate in market movements, reduce risk, and make a profit by going long or short with leverage on a futures contract.

You can start trading with as little as $10 at http://dydx.exchange/.

Long

By going long, a trader buys a Perpetual contract with the expectation that the underlying asset will rise in value in the future. Rather than buying and holding the underlying asset, traders buy synthetic exposure to the asset.

Short

By going short, a trader sells a Perpetual contract with the expectation that the underlying asset will decline in value in the future. Rather than selling the underlying asset, traders sell synthetic exposure to the asset.

Follow these steps to start trading:

  1. Deposit USDC or any ERC-20 token into your Perpetual account on Layer 2

  2. Select market

  3. Understand details of the market

  4. Understand funding rate details of the market

  5. Understand your account balance and leverage

  6. Select order types

  7. Choose the appropriate position

  8. Understand trade execution

  9. Understand your open positions

  10. Understand your open orders

  11. Understand historical fills

  12. Closing your position

  13. Understand your P&L & Returns

  14. Managing your Risk

  15. Withdrawing Funds from Layer 2

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