Perpetuals Trading
How to trade perpetual futures on Vordex.
Overview
Vordex perpetual futures are executed by VordCore, the native execution layer. VordCore handles order matching, TP/SL monitoring, liquidation checks, funding rate calculation, and settlement. All operations execute with instant BFT finality on Vordium Chain.
Available Markets
All markets support up to 50x leverage. The full pair list is loaded dynamically from the chain via /api/pairs/perps. Current markets include ETH, BTC, BNB, SOL, POL, ARB, OP, AVAX, LINK, UNI, DOGE, XRP, ADA, DOT, SUI, LTC, 1INCH, and ARKM — with new pairs added on-chain without code changes.
| Parameter | Value |
|---|---|
| Max Leverage | Up to 50x |
| Taker Fee | 0.030% (3 bps) |
| Maker Fee | 0% |
| Withdrawal Fee | $0 |
| Quote Currency | USDC (6 decimals) |
How it works
- Deposit USDC to your Vordex vault via the Arbitrum bridge
- Enable trading by creating a session key (signs trades without your main wallet)
- Open a position — choose pair, leverage (up to 50x), and margin
- Set TP/SL — the engine monitors prices every second and auto-closes at your targets
- Close — full or partial close at market price
Funding Rates
Funding is charged hourly using the Hyperliquid/Lighter formula: rate = avgPremium + clamp(interestRate - avgPremium). Base rate: 0.01% per 8 hours. When rate is positive, longs pay shorts. When negative, shorts pay longs. The pool (VLP) is not involved in funding — it is purely peer-to-peer.
Liquidation
Positions are liquidated when equity falls below the maintenance margin. The liquidation engine checks every block. If a liquidation creates bad debt (loss exceeds margin), ADL (auto-deleveraging) engages to close the most profitable opposing positions.
VLP Pool
The VLP pool acts as counterparty to all trades. Depositors earn when traders lose, and lose when traders win. Pool value is marked-to-market in real time. Deposits have a 1-hour lockup (testnet). The pool's realPoolValue is available at /v1/pool.
Funding
Funding is settled hourly. The rate is driven by a premium-index TWAP — the time-weighted average of the mark-to-index premium over the interval — plus a small Hyperliquid-standard interest baseline. The (interest − premium) term is clamped to ±0.05%, and the resulting funding rate is capped at ±4%. Longs pay shorts when the rate is positive and shorts pay longs when it is negative, so the mark is continuously pulled back toward the index.