# Perpetual Futures

Perp contracts never expire and can be opened with fractional margin, supporting leveraged trading.

VDEX supports perps on cryptocurrencies, stocks, commodities, FX, and prediction markets. Assets are listed by community request with leverage ranging from 1x to 50x.

Perpetuals function differently depending on the asset class:

* [VRC-10](/protocol/whitepaper/perpetual-futures.md): crypto perps never expire or close
* [VRC-11](/protocol/whitepaper/0dte-perpetual-futures.md): traditional asset perps are only tradable while spot markets are open but never expire
* VRC-12: prediction markets resolve and close at 1 or 0 per the spot market


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