perps
◆ long or short◆ up to 10×◆ every position fully backed◆ the platform never takes your other side◆ pool = the coin's creator fees◆ long or short◆ up to 10×◆ every position fully backed◆ the platform never takes your other side◆ pool = the coin's creator fees
Perps launchpad · pump.fun · Solana

perps10×

every coin you launch heretrades long and short from minute oneup to 10×, in SOLbacked by its own creator fees

The platform never takes the other side of your trade. Every position is backed in full by the coin's pool or by LP orders, and leverage can lose your whole margin.

Live tradesreal SOL
No trades yet. The first one shows up here the moment it fills.
01 Totals

Everything, live

Real-money numbers only. Demo trades never count.

Coins trading
—
launched on perps
Open interest
—
long plus short
Creator fees split
—
to pools, devs and LPs
Volume
—
opened and closed size
02 Markets

Trade any coin launched here

Pick a coin, choose long or short, set leverage. “Can open” is the biggest size the other side can back right now.

Launch a coin
CoinTrades onPrice SOL24hMcap SOLLong OIShort OIPoolCan open long / shortAge
Loading markets…
03 Money flow

Where every lamport goes

Two sources of money feed each coin: trading fees and the creator fee pump.fun pays on every spot trade.

Every trade

0.1% of size, on open and on close

Half stays in the coin's pool and makes it deeper. Half goes to the platform.

50%coin pool
50%platform
Creator fees

pump.fun pays each coin's creator fee to perps

Every coin gets its own creator wallet, so its fees are counted on their own and split the same way, every minute.

50%coin pool, liquidity for traders
30%the dev who launched it
10%LP orders, by size and time
10%platform
Your other side

LP orders first, then the pool

Whoever takes the other side of your trade locks collateral equal to its full size. Your profit is paid from that collateral and your loss goes into it. The platform never takes a side with its own money.

04 Liquidity

Back other traders and earn creator fees

Put SOL into a limit order on a coin: “I take the short side of longs at this price or higher”, or the reverse. When a trader is filled against you, you win their losses and pay their gains, up to your collateral. While your order can fill, it earns a share of the coin's 10% LP cut of creator fees.

You earn
10%
of the coin's creator fees, shared by LPs
Plus
0.01%/h
hold fee on positions you back
Collateral
1 : 1
1 SOL backs 1 SOL of size
Withdraw
anytime
whatever is not backing an open trade
05 Rules

The rules

The same for every coin, enforced by the engine.

01Every position is fully backed

Before you are filled, the other side locks collateral equal to your size. A winning trade is always paid in full.

02Profit stops at +100% of size

A long closes itself when the price doubles, a short when the price reaches zero. That is the most the backing can pay.

03Liquidation at 5%

When your equity falls to 5% of size, the position closes. 1% of size goes to the other side as a penalty and you keep the rest.

04You trade at the fair side of the price

You buy at the higher of the live price and its 5-minute average, and sell at the lower. A one-block pump can't be cashed out.

05Limits grow with the coin

Open positions on each side are capped at 10% of the real SOL in the coin's curve or PumpSwap pool.

06Holding costs 0.01% per hour

Paid from your margin to whoever backs your position, pool or LP.

All rules, fees and how funds are held

06 Platform coin

$PERPS trades here too

Perp Deployer, launched the same way, with the same rules. Its creator fees fund its own pool.

Not launched yet. It goes live here first.

Launch a coin with perps built in

One signature in your wallet. Your coin is live on pump.fun and tradable at 10× right after.