# AFX Docs ## AFX Docs - [About AFX](https://docs.afx.xyz/about-afx.md) - [Core contributors](https://docs.afx.xyz/about-afx/core-contributors.md) - [Deposit](https://docs.afx.xyz/deposit.md): AFX accepts one asset on one network: USDC on Arbitrum. Here is how to get it there from any starting point, and how to avoid the mistakes that trip people up. - [Trading Rules](https://docs.afx.xyz/trading-rules.md) - [Supported Assets](https://docs.afx.xyz/trading-rules/supported-assets.md) - [Leverage](https://docs.afx.xyz/trading-rules/leverage.md) - [Margin Modes](https://docs.afx.xyz/trading-rules/margin-modes.md) - [Position Modes](https://docs.afx.xyz/trading-rules/position-modes.md) - [Order Types](https://docs.afx.xyz/trading-rules/order-types.md) - [Order Matching](https://docs.afx.xyz/trading-rules/order-matching.md) - [Slippage](https://docs.afx.xyz/trading-rules/slippage.md) - [Take profit and stop loss (TP/SL)](https://docs.afx.xyz/trading-rules/take-profit-and-stop-loss-tp-sl.md) - [Risk Limits](https://docs.afx.xyz/trading-rules/risk-limits.md) - [Liquidation](https://docs.afx.xyz/trading-rules/liquidation.md) - [Liquidation Process](https://docs.afx.xyz/trading-rules/liquidation-process.md) - [ADL](https://docs.afx.xyz/trading-rules/adl.md) - [Oracle Price](https://docs.afx.xyz/trading-rules/oracle-price.md) - [Mark Price](https://docs.afx.xyz/trading-rules/mark-price.md) - [Funding Rate](https://docs.afx.xyz/trading-rules/funding-rate.md) - [Vaults](https://docs.afx.xyz/vaults.md) - [LP Vault](https://docs.afx.xyz/vaults/lp-vault.md) - [User Vaults](https://docs.afx.xyz/vaults/user-vaults.md) - [Affiliate Program](https://docs.afx.xyz/affiliate-program.md) - [VIP Program](https://docs.afx.xyz/vip-program.md) - [Points](https://docs.afx.xyz/points.md) - [Season 1](https://docs.afx.xyz/points/season-1.md) - [Testnet Points](https://docs.afx.xyz/points/testnet-points.md) - [Audits](https://docs.afx.xyz/audits.md) - [Welcome to AFX Learn](https://docs.afx.xyz/welcome-to-afx-learn.md): Free, plain-English guides on perpetual futures trading: how perps work, how to trade on-chain, funding rates, liquidation, stock and gold perps, and more. Start learning with AFX. - [What Is a Perpetual DEX? Guide to On-Chain Perpetual Futures](https://docs.afx.xyz/basics/what-is-a-perpetual-dex.md): Learn what a perpetual DEX (perp DEX) is and how on-chain perpetual futures trading works. Explore funding rates, leverage, liquidations, benefits, risks, and self-custody. - [What Is a Funding Rate? How It Works in Perpetual Futures](https://docs.afx.xyz/basics/what-is-funding-rate.md): Learn how funding rates work in perpetual futures, who pays them, how they affect holding costs, and why their calculation varies by platform. - [What Is Liquidation in Perpetual Trading? How It Works & How to Avoid It](https://docs.afx.xyz/basics/what-is-liquidation.md): Liquidation is the automatic closure of a leveraged position when your margin falls below the required level. Learn what triggers it, what happens to your funds, and how to avoid it. - [On-Chain Perps vs CEX Perps: Key Differences Explained (2026) ](https://docs.afx.xyz/basics/on-chain-vs-cex-perps.md): On-chain perps keep your funds in your own wallet; CEX perps hand custody to the exchange. Compare custody, fees, transparency, liquidity, and asset access — and see when each makes sense. - [Trade Stock Perpetuals On-Chain: A Complete Guide (2026) ](https://docs.afx.xyz/how-to-guides/trade-stock-perpetuals-on-chain.md): Learn how to trade stock perpetuals on-chain. Explore equity perpetual futures, USDC collateral, long and short positions, funding rates, leverage, and liquidation risk. - [How to Trade Perpetuals On-Chain: A Step-by-Step Guide](https://docs.afx.xyz/how-to-guides/how-to-trade-perpetuals-on-chain-a-step-by-step-guide.md): Learn how to trade perpetual futures on-chain in four steps: connect a self-custody wallet, deposit USDC, choose a market, and open a leveraged position. No account required. - [How to Trade BTC On-Chain: A Step-by-Step Guide for AFX](https://docs.afx.xyz/how-to-guides/how-to-trade-btc-on-chain.md): Learn how to trade Bitcoin on-chain in 8 steps: deposit USDC on Arbitrum, open a BTC-PERP position on AFX, and withdraw anytime. No CEX, no BTC custody. - [Bitcoin vs Gold: Which Is the Better Inflation Hedge?](https://docs.afx.xyz/markets-assets/bitcoin-vs-gold-which-is-the-better-inflation-hedge.md): Gold hit an all-time high in early 2026 while Bitcoin pulled back from its peak. We break down how each asset behaves as an inflation hedge — and how to trade both on-chain. - [SpaceX Perpetuals on AFX (SPCX): Trade SpaceX On-Chain Without Owning Private Shares](https://docs.afx.xyz/markets-assets/spacex-perpetuals-spcx.md): SPCX-PERP on AFX tracks SpaceX's private market valuation. Trade SpaceX exposure on-chain with USDC margin — no accredited investor status, no brokerage required. - [Crude Oil Perpetuals (CL-PERP) on AFX: Trade WTI On-Chain 24/7](https://docs.afx.xyz/markets-assets/crude-oil-perpetuals-cl.md): CL-PERP lets you trade WTI crude oil on-chain with USDC margin, no expiry, and 24/7 access. Learn how crude oil perpetuals work and how to trade them on AFX. - [What Is an Inflation Hedge? Definition & Examples (2026)](https://docs.afx.xyz/glossary/inflation-hedge.md): An inflation hedge is an asset that preserves purchasing power when prices rise. Learn how gold and Bitcoin work as inflation hedges and how to trade both on AFX. - [What Is Oracle Price in Crypto? Definition & How It Works](https://docs.afx.xyz/glossary/oracle-price.md): Oracle price is the external reference price fed into a perpetual DEX to anchor contracts to real-world asset values. Learn how it works on AFX for BTC, gold, oil, and SpaceX. - [What Is a Perpetual Contract? Definition & How It Works (2026)](https://docs.afx.xyz/glossary/perpetual-contract.md): A perpetual contract is a derivative that tracks an asset's price with no expiry date. Learn how perpetual futures work, funding rates, and how to trade them on AFX. ## API Reference - [API Reference](https://docs.afx.xyz/api-reference/index.md): Programmatic interface for perpetual contract trading on the AFX DEX. - [Quick Start](https://docs.afx.xyz/api-reference/quickstart.md): Place your first trade on AFX DEX in 5 minutes. - [Exchange API](https://docs.afx.xyz/api-reference/exchange.md): Trading operations — place, replace, bracket, and cancel orders; set leverage; manage vaults. - [Builder Code](https://docs.afx.xyz/api-reference/exchange/builder-code.md) - [Models](https://docs.afx.xyz/api-reference/exchange/models.md) - [Info API](https://docs.afx.xyz/api-reference/info.md): Query account, orders, positions, trades, kline, funding rate, and more. - [Account](https://docs.afx.xyz/api-reference/info/account.md) - [Orders](https://docs.afx.xyz/api-reference/info/orders.md) - [Positions](https://docs.afx.xyz/api-reference/info/positions.md) - [Trades](https://docs.afx.xyz/api-reference/info/trades.md) - [Products](https://docs.afx.xyz/api-reference/info/products.md) - [Kline](https://docs.afx.xyz/api-reference/info/kline.md) - [Funding Rate](https://docs.afx.xyz/api-reference/info/funding-rate.md) - [Vault](https://docs.afx.xyz/api-reference/info/vault.md) - [Referral](https://docs.afx.xyz/api-reference/info/referral.md) - [Explorer](https://docs.afx.xyz/api-reference/info/explorer.md) - [Models](https://docs.afx.xyz/api-reference/info/models.md) - [WebSocket](https://docs.afx.xyz/api-reference/websocket.md): Real-time market data and account updates via WebSocket. - [Connection](https://docs.afx.xyz/api-reference/websocket/connection.md) - [Market Data](https://docs.afx.xyz/api-reference/websocket/market-data.md) - [Explorer](https://docs.afx.xyz/api-reference/websocket/explorer.md) - [User Data](https://docs.afx.xyz/api-reference/websocket/user-data.md) - [Models](https://docs.afx.xyz/api-reference/websocket/models.md) - [Signing](https://docs.afx.xyz/api-reference/signing.md): EIP-712 structured signing for Agent and Master wallet operations. - [Agent Safety](https://docs.afx.xyz/api-reference/agent-safety.md): Operational safety guidance for Master wallets, Agent wallets, and automated trading systems. - [Python SDK](https://docs.afx.xyz/api-reference/sdk.md): Install the official AFX Python SDK and run examples. - [Agent Artifacts](https://docs.afx.xyz/api-reference/agent-artifacts.md): Machine-readable files and AI-agent entry points for AFX DEX. ## Announcements - [System Updates](https://docs.afx.xyz/announcements/system-updates.md) - [Listings](https://docs.afx.xyz/announcements/listings.md) - [AFX New Futures Listing - BTCUSDC](https://docs.afx.xyz/announcements/listings/afx-new-futures-listing-btcusdc.md) - [AFX New Futures Listing - ETHUSDC](https://docs.afx.xyz/announcements/listings/afx-new-futures-listing-ethusdc.md) - [Delistings](https://docs.afx.xyz/announcements/delistings.md) - [AFX Futures Delisting - KORUUSDC](https://docs.afx.xyz/announcements/delistings/afx-futures-delisting-koruusdc.md) ## Support - [Help Center](https://docs.afx.xyz/support/readme.md) --- # Agent Instructions This documentation is published with GitBook. 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