How it works
in five steps
Pick a coin, set the leverage, pay or earn funding every hour, get liquidated at 1% margin or close from the same page. Every number on this page is the number the engine uses.
Perpetuals on every Solana coin, no expiry.
Every coin with a pool is a market. An HLP-style vault takes the other side of each position, holds the deep liquidity and earns the fees. Longs pay shorts or shorts pay longs, every hour.
Open fee 0.1% of position size. Maintenance margin 1%. Minimum collateral 0.1 SOL. Maximum leverage 50x on every market. Orders and closes are signed messages, not transactions.
The five steps
Any Solana coin with a pool is a market.
Search a ticker or paste a contract address. Price, liquidity and volume come from DexScreener; the deepest pool is the mark price.
Collateral in SOL, 1x to 50x on every market.
Minimum 0.1 SOL. Position size is collateral times leverage. The open fee is 0.1% of position size, taken at entry.
Funding settles every hour.
Longs pay shorts while the mark trades above the oracle price; shorts pay longs while it trades below. Paid from and into your collateral every hour the position is open.
Liquidated at 1% maintenance margin.
Long: entry x (1 - 1/leverage + 0.01). Short: entry x (1 + 1/leverage - 0.01). At 50x that is a 1% move against you, at 10x 9%, at 2x 49%. The liquidation engine closes the position and the vault keeps the remainder.
Close from the same page.
Your wallet signs a close message; the position settles at the mark price and the PnL lands in SOL. Orders and closes are ed25519 signatures over plain text, never transactions.
Open a position
Any coin, long or short, up to 50x. Connect Phantom, sign the order, done.