Live on Robinhood Chain
Perps for the
Fly meta.
Trade Long and Short perpetual markets across the Fly ecosystem.
| Market | Mark | 24h | Max lev. |
|---|---|---|---|
- Total volume
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- Open interest
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- Markets
- --
- Traders
- --
- Fly assets
- --
Protocol figures appear once contracts are live on this network.
From deposit to withdrawal in four moves.
Collateral in, a position on the Fly token you believe in, collateral out. Every fee is shown before you sign.
Deposit
Connect a wallet and move collateral into your trading balance.
Pick a market
Choose a Fly token that passed liquidity and contract checks.
Go long or short
Set margin and leverage. Liquidation price and fees update as you type.
Close and withdraw
PnL settles on-chain when you close. Withdraw your free balance any time.
A winning trade can't break the protocol.
Fly tokens are young and thin. FlyPerps is built around that, not in spite of it.
Every payout is backed before the trade opens
Liquidity providers fund a vault that takes the other side. Opening a position locks its maximum payout in that vault, so profits are paid from money that already exists.
Example at 2x with a 100% profit cap.
Listed by contract, not by ticker
Many Robinhood Chain tokens share the FLY ticker. Each market is tied to one reviewed contract address, so a copycat can't borrow a real market's name.
Up to 5x, sized to the pool
Open interest is capped against real pool liquidity, so thin markets stay small.
One thin pool can't move your mark.
Liquidations use a mark price built from every pool for the token, not the last trade on a single pair.
See live index and mark prices- PoolsEvery Robinhood Chain pool for the verified token, read from DEX Screener.
- FilterThin pools and quotes far from the median are dropped.
- IndexLiquidity-weighted median of what is left.
- MarkSmoothed index, clamped close to it. Used for PnL and liquidations.
- On-chainPushed to the oracle contract. Stale or jumpy prices halt the market.
Or be the house.
Deposit USDC into the liquidity vault. It earns trading fees, funding and trader losses, and pays winning trades up to the payouts it has locked.
- Vault liquidity
- --
- Insurance fund
- --
Questions traders ask first.
Who is on the other side of my trade?
A USDC liquidity vault. Before a position opens, its maximum payout is locked in that vault, so winning trades are always paid from money that already exists.
How much leverage can I use?
Every market is capped at 5x. Most Fly tokens are young with thin pools, so open interest is also capped against pool liquidity to make price manipulation unprofitable.
When do I get liquidated?
When your margin plus unrealized PnL, minus funding and the closing fee, falls below the market's maintenance margin. The trade panel shows the estimated price before you open.
What happens if the price feed breaks?
The oracle contract rejects stale prices and trips a breaker on extreme jumps. New positions stop until the price is reviewed. Free balance can always be withdrawn.
Which tokens get listed?
Only Fly tokens reviewed by contract address. Many tokens copy the FLY ticker, so a symbol alone never creates a market.