Derivatives
Up to 125xPerpetual Futures Trading
Trade USDS-margined perpetual contracts with up to 125x leverage, cross and isolated margin, and risk management tools.
125x
Max Leverage
0.02%
Maker Fee
Core Features
Trade with Precision
Margin modes, position modes, price triggers and the safety mechanisms behind them.
Cross & Isolated Margin
Choose cross margin to share collateral across positions, or isolated margin to cap risk on individual trades.
One-Way & Hedge Mode
Run one-way positions for simplicity, or enable hedge mode to hold simultaneous long and short positions on the same contract.
Real-time Funding Rate
Transparent funding rates updated every 8 hours keep perpetual prices anchored to the spot index, with historical data available.
Mark Price & Last Price
Choose between mark price and last price triggers for stop-loss and take-profit orders to suit your strategy.
Insurance Fund
An insurance fund covers losses beyond a liquidated position's margin. When it cannot cover them, auto-deleveraging closes the gap.
Auto-Deleveraging (ADL)
When the insurance fund cannot cover a loss, ADL reduces opposing positions to close the gap.
Safety First
Risk Management
How Midas handles liquidations, losses and position sizes on futures.
Insurance Fund
A reserve that covers losses beyond a liquidated position's margin, so they are not passed to other traders while the fund can cover them.
Auto-Deleveraging
An automatic mechanism that reduces opposing positions in extreme market conditions when the insurance fund cannot cover losses.
Mark Price Liquidation
Liquidation is triggered by the mark price, not the last trade price, so a brief spike in the last price does not on its own liquidate a position.
Position Limits
Per-account and per-contract position limits prevent excessive concentration of risk and protect overall market stability.
Start Trading Futures
Trade perpetual contracts on Midas with cross and isolated margin and built-in risk management.