Perpetual futuresRobinhood ChainChain 4663
PERPLEX
Trade anything as a perp.
- Perps for stocks
- Penny stocks
- Commodities
- Memes
- Anything
Perps on stocks, commodities, crypto and memes, filled on a live order book on Robinhood Chain. You sign every order. Your collateral sits in your own account at the venue. PERPLEX holds nothing.
How it works
Four steps from wallet to fill.
Connect and fund
Connect a wallet. Deposit USDG straight to your own account at the venue in one transaction. Your first deposit opens the account.
Pick a market, set the size
Stocks, pre IPO names, indices, commodities, crypto and memes, listed by the venue. Choose collateral and leverage and the ticket shows the real fill price, the liquidation price and the fees.
Sign in your browser
Your trading key is made from one wallet signature and never leaves the browser. The signed order goes to the venue's order book and fills against real makers.
Manage it in Portfolio
Close, partial close, take profit, stop loss, leverage. Every fill and every closed position, with what it made.
The venueWhere your order goes
PERPLEX is the desk. The order book is the venue.
Your order is signed in your browser and sent to a live order book on Robinhood Chain with real makers. Your collateral sits in your own account there, under a key only you hold. PERPLEX quotes, charts and routes. It holds no funds.
What the venue does
Matches your order against resting orders. Holds your collateral in your own account. Marks positions, charges funding and liquidates. Collects its own fee, a flat fraction of a cent per fill.
What PERPLEX does
Quotes the fill price off the live book. Charts the venue's trade tape. Sends the order your browser signed. Shows your positions, orders and history. Charges 0.10% of notional on taker fills, collected by the venue at fill time, approved once by your wallet and revocable.
PortfolioEverything of yours, and the controls for it
Your book. Open, closed, and the money that moved.
Everything here is read from your account at the venue with the key in this browser. Nothing is a copy kept by PERPLEX.
MechanicsHow it works
What happens when you trade.
Four jobs. PERPLEX does two of them.
- quoting
- PERPLEX prices your fill off the venue's live order book
- routing
- your browser signs the order and sends it to the venue
- matching
- the venue fills it against resting orders on Robinhood Chain
- custody
- your collateral sits in your own account at the venue
Quotes
The quote consumes the venue's resting orders in price order until your size is filled. The price on the ticket is what those orders give. If the visible book cannot fill your size, the ticket refuses. The liquidation price is worked out from that fill price and the venue's margin rules, so it moves when the book thins.
Markets and leverage
Every market comes from the venue's listing and is sorted by the venue's own metadata. The leverage slider stops where the venue's margin requirement stops.
Your trading key
The venue does not accept Ethereum signatures on orders. It needs a key of its own. Yours is made from one message your wallet signs: the signature is hashed and the hash is the key. The same wallet gets the same key on any device, and nothing is stored. A second signature registers the key to your account.
After that, orders are signed in your browser tab and sent straight to the venue. The key can place and cancel orders and withdraw to your own wallet address. It cannot pay anyone else and cannot change who owns the account. PERPLEX uses its own key slot, so it does not sign you out of anything else.
Funding
Collateral is USDG. A deposit is one transaction from your wallet to the venue's contract on Robinhood Chain. The token approval is for the exact amount, not unlimited. Your first deposit opens your account. There is no deposit address on this site.
Orders
Market orders carry a price bound, so a thin book cannot fill you far from the quote. Take profit and stop loss are reduce only orders held by the venue: they can shrink a position and never open one.
Fees
The venue charges a flat fraction of a cent per fill. PERPLEX charges 0.10% of notional on taker fills, shown on the ticket and collected by the venue at fill time. You approve it once, with a ceiling and an expiry your wallet shows, and you can revoke it.
Limits for new wallets
For your first week: $500 a day in deposits through this site, and leverage capped at 20x. These limit what PERPLEX routes, not your account at the venue.
Risk
Leverage liquidates. The liquidation price on the ticket is the venue's own. Thin books cost slippage, shown before you sign. Stock markets follow the hours and halts of the stock they track. If this site goes down your position is unaffected, because the site is not in the path.
$PLEX is an experimental token on a meme launchpad. It is not a claim on this software and it is not an investment.