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.
Perpetual futures let you trade price direction on crypto, stocks, metals, and indices — with leverage, no expiry, and no custody of the underlying asset. This hub covers everything you need to understand and trade on-chain perps: from first principles to step-by-step guides to market-specific explainers.
All guides are written for traders who want to understand what they're doing, not just follow steps. No hype. No price predictions.
New to perpetual futures or on-chain trading? Start here in order:
What Is a Perpetual DEX? — what on-chain perp trading is and how it works
On-Chain Perps vs CEX Perps — how DEX trading differs from centralized exchanges
How to Trade Perpetuals On-Chain — a step-by-step walkthrough from wallet to first trade
Already familiar with perps? Jump directly to any section below.
Core concepts every perp trader needs to understand — regardless of which platform you use.
How on-chain perpetual exchanges work, and how they differ from traditional futures
Custody, transparency, fees, liquidity, and asset access — side by side
How funding payments keep perp prices anchored to spot — and what they signal about market sentiment
What triggers automatic position closure, how to calculate your liquidation price, and how to avoid it
More coming →
Leverage, margin types, mark price vs index price, open interest, and more
Step-by-step walkthroughs for trading, depositing, managing positions, and earning on AFX.
Connect wallet → deposit USDC → choose market → open position
More coming →
How to set leverage safely, how to read a funding rate, limit vs market orders, stop-loss management
AFX lists perpetuals across crypto, equities, metals, and indices. These guides explain the mechanics and context for each market category.
How equity perps work — MSTR, NVDA, TSLA, AAPL — trading stock price exposure 24/7, no brokerage
More coming →
NVDA, TSLA, AAPL, XAG silver, SPX index perpetuals
All content on this Learn Hub follows AFX's editorial standards:
No price predictions. We explain how markets work, not where they're going.
Plain language first. Technical accuracy without unnecessary jargon.
NFA on all trading content. Perpetual futures carry a high risk of loss. Nothing here is financial advice. Availability of markets varies by jurisdiction.
Guides are reviewed and updated periodically. If something is out of date or unclear, refer to the AFX Documentation for current platform specifics.
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