Polymarket Perps
Polymarket Perps — 24/7 leveraged perpetuals on crypto, equities & commodities
Polymarket launched perpetual futures on April 21, 2026. Trade BTC, ETH, NVDA, gold and more with up to 250x leverage, settled in pUSD on Polygon — from the same wallet you already use for prediction markets.
- Launched
- Launched April 21, 2026
- Up
- Up to 250x leverage
- pUSD
- pUSD on Polygon
- 24/7
- 24/7 trading
What are Polymarket Perps?
Polymarket Perps are perpetual futures listed by Polymarket through QCEX (the CFTC-registered DCM Polymarket acquired in 2025). Collateral is pUSD, an ERC-20 token on Polygon backed 1:1 by USDC. Markets are 24/7, indefinite, and cash-settled in pUSD.
The product launched on April 21, 2026 with crypto pairs (BTC, ETH, SOL, XRP, DOGE), equities (NVDA, TSLA, AAPL), and commodities (gold). Leverage runs from 2x for conservative traders to 250x on the most liquid crypto pairs.
Because Polymarket Perps live in the same wallet you already use for prediction markets, sophisticated traders can compose the two products — for example, hedging a binary "Will the Fed cut rates?" YES contract with a long DXY perp position.
Quick facts
- • Launched 2026-04-21 at
polymarket.com/perps - • Collateral: pUSD (ERC-20 on Polygon, USDC-backed)
- • Asset coverage: crypto + equities + commodities
- • Leverage: 2x — 250x (250x reserved for top crypto pairs)
- • 24/7 trading with continuous mark-to-market
- • US access via QCEX DCM (state restrictions apply)
- • Self-custody — Polymarket never holds user funds
Trade by asset
One page per asset, with leverage tiers, sample positions, and the related Polymarket prediction markets you can hedge against.
Crypto
- BTCBitcoin
Trade Bitcoin perpetuals on Polymarket with up to 250x leverage, 24/7, settled in pUSD on Polygon.
up to 250x了解更多 → - ETHEthereum
Long or short Ethereum on Polymarket Perps without expiry, with pUSD collateral and on-chain settlement.
up to 100x了解更多 → - SOLSolana
Speculate on SOL price with leveraged perpetuals on Polymarket — no funding wallet, no centralised custody.
up to 50x了解更多 → - XRPXRP
Trade XRP perpetuals on Polymarket alongside the existing prediction markets on legal and regulatory outcomes.
up to 50x了解更多 → - DOGEDogecoin
Take leveraged Dogecoin positions on Polymarket Perps, with funding fees and liquidations priced in pUSD.
up to 50x了解更多 →
Equities
- NVDANVIDIA
Trade NVIDIA share-price perpetuals 24/7 on Polymarket — past the closing bell and across weekends.
up to 20x了解更多 → - TSLATesla
Long or short Tesla through Polymarket Perps with pUSD collateral, without a brokerage account.
up to 20x了解更多 → - AAPLApple
Speculate on Apple price action 24/7 with leveraged perpetuals on Polymarket — no broker, no T+2 settlement.
up to 20x了解更多 →
Trade by leverage
One page per leverage tier with risk math, liquidation distance, and sample positions.
- 2xConservative
Liquidates on a 50% adverse move
了解更多 → - 5xBalanced
Liquidates on a 20% adverse move
了解更多 → - 10xBalanced
Liquidates on a 10% adverse move
了解更多 → - 20xAggressive
Liquidates on a 5% adverse move
了解更多 → - 50xAggressive
Liquidates on a 2% adverse move
了解更多 → - 100xSpeculative
Liquidates on a 1% adverse move
了解更多 → - 250xSpeculative
Liquidates on a 0.4% adverse move
了解更多 →
Polymarket Perps vs every major venue
Side-by-side comparisons of Polymarket Perps vs every other major venue.
- Polymarket vs Kalshi Timeless
Polymarket Perps vs Kalshi Timeless (2026)
Polymarket and Kalshi launched 24/7 perpetual products within the same week. Here is the side-by-side on collateral, leverage, custody, fees, and US availability.
了解更多 → - Polymarket vs Hyperliquid
Polymarket Perps vs Hyperliquid (2026)
Polymarket Perps brings perpetual futures to a prediction-market venue. Hyperliquid is the dominant DEX-perp venue in 2026. Here is the side-by-side.
了解更多 → - Polymarket vs Binance Perps
Polymarket Perps vs Binance Perpetuals (2026)
Binance is the volume leader for crypto perps. Polymarket Perps is the on-chain, prediction-market-adjacent challenger. Here is how they stack up.
了解更多 → - Polymarket vs Polymarket Prediction Markets
Polymarket Perps vs Polymarket Prediction Markets (2026)
Same brand, two products. Polymarket Perps gives leveraged 24/7 exposure to prices. Prediction markets give binary exposure to events. Here is when to use which.
了解更多 → - Polymarket vs Coinbase International Perps
Polymarket Perps vs Coinbase International Perps (2026)
Coinbase moved into perps with its International Exchange in 2024. Polymarket joins in 2026. Here is how the two compare for non-US traders.
了解更多 → - Polymarket vs Robinhood Perps
Polymarket Perps vs Robinhood Perpetuals (2026)
Robinhood started routing event-contract volume in 2024 and is reportedly building a perpetuals product. How does Polymarket Perps compare for retail traders?
了解更多 →
Read the playbook
Ten in-depth guides on how Polymarket Perps work, how to trade them, and how to combine them with prediction markets.
Polymarket Perps explained: how Polymarket's perpetual futures work
Polymarket launched perpetual futures on April 21, 2026. Here's exactly what Polymarket Perps are, how pUSD collateral works, the leverage selectors, funding mechanics, and how the product fits next to prediction markets.
Read full guide →Polymarket Perps vs Polymarket prediction markets: when to use which
Polymarket now offers two distinct products: leveraged perpetual futures and binary prediction markets. Here's how each works, when to use each, and how to combine them in a single strategy.
Read full guide →Polymarket Perps vs Kalshi Timeless: the 24/7 perpetual showdown
Polymarket and Kalshi launched perpetual products in the same week of April 2026. Here's the side-by-side on collateral, custody, leverage, fees, and US availability.
Read full guide →Polymarket Perps vs Hyperliquid: the DEX-perp comparison
Polymarket Perps brings perpetual futures to a prediction-market venue. Hyperliquid is the dominant DEX-perp exchange in 2026. Here's the side-by-side.
Read full guide →Polymarket Perps vs Binance and Coinbase Perpetuals
How Polymarket Perps compares to Binance Futures and Coinbase International — the two dominant centralised perp venues — across custody, leverage, geography, and asset coverage.
Read full guide →How to trade Polymarket Perps: step-by-step onboarding
A practical step-by-step guide to opening your first Polymarket Perps position: wallet setup, USDC wrap to pUSD, leverage selection, position entry, and how to close out.
Read full guide →Polymarket Perps fees, funding rates, and liquidation explained
A derivatives mechanics primer for Polymarket Perps: taker/maker fees, how funding rates anchor the perp to spot, the liquidation formula, and what really determines your cost of carry.
Read full guide →Polymarket Perps arbitrage strategies for 2026
Five concrete arbitrage strategies for Polymarket Perps: funding-rate arb, basis arb vs spot, cross-venue carry, prediction-market hedging, and triangle arb between perp pairs.
Read full guide →Polymarket Perps risk management — leverage, liquidation, position sizing
How to size, hedge, and protect a Polymarket Perps position. Liquidation math, recommended leverage by experience, and the four mistakes that liquidate retail traders fastest.
Read full guide →Is Polymarket Perps legal? A 2026 jurisdiction-by-jurisdiction guide
Polymarket Perps and the law: which jurisdictions allow access, the QCEX/CFTC DCM context, and how Polymarket structures the product to comply globally.
Read full guide →
Frequently asked questions
- What is Polymarket Perps?
- Polymarket Perps is a perpetual-futures product launched by Polymarket on April 21, 2026 at polymarket.com/perps. It lets traders take leveraged, indefinite long or short positions on crypto (BTC, ETH, SOL), equities (NVDA, TSLA, AAPL), and commodities (gold, silver), settled in pUSD on Polygon.
- How is Polymarket Perps different from Polymarket prediction markets?
- Prediction markets resolve YES or NO on a defined event by a specific date and are settled by the UMA optimistic oracle. Perps stay open indefinitely, mark-to-market continuously against an asset price, and settle PnL via funding rates and liquidations. You use the same wallet for both.
- What is pUSD?
- pUSD is Polymarket’s stablecoin: an ERC-20 token on Polygon backed 1:1 by USDC. You wrap USDC into pUSD to trade Perps and unwrap it back to USDC to withdraw. The wrap and unwrap are atomic and gas-cheap on Polygon.
- What leverage does Polymarket Perps offer?
- Marketing materials reference selectors from 5x up to 10x for the default flow, with up to 250x available for advanced traders on selected pairs. Higher leverage shortens the distance to liquidation; PolyArb’s arbitrage strategies generally avoid anything above 10x for the carry leg.
- Is Polymarket Perps available in the US?
- Polymarket holds a CFTC Designated Contract Market (DCM) registration. Perps availability for US residents will depend on the final scope of the DCM filing. At launch the product was rolled out to non-US markets first.
- Can I arbitrage Polymarket Perps against other venues?
- Yes — funding-rate arbitrage between Polymarket Perps and venues like Hyperliquid or Binance is the obvious play. PolyArb tracks funding deltas across major perp venues and flags actionable spreads with execution sizing for both legs.
Track every Polymarket Perps spread with PolyArb
PolyArb tracks Polymarket Perps funding, basis, and arbitrage opportunities across every major perp venue. $99/month, $7.62 minimum guaranteed edge, 40ms latency, Telegram + Discord alerts.