# Perpetual Futures

#### Abstract

Perpetual futures markets are officially supported on VDEX with the introduction of VRC-10. Perpetual contracts trade independently from spot markets and are tethered to the oracle price via an hourly funding rate. The margin required to open a position is discounted on a pair's maximum leverage factor. VDEX will close a position on behalf of the user should their equity decrease below the requirement.

#### Features

* Crypto derivatives without expiration
* Isolated and cross margin
* Maker and taker orders
* Funding rate
* Liquidation
* Leverage