Go long or short on MERL with leverage on MERL-PERP, settled in USDC. Pangolin Perps runs on Orderly Network's on-chain order book: deep liquidity, low fees and one account across 14 chains.
Perpetual futures (perps) are contracts that track an asset's price with no expiry date. You can go long or short with leverage, and a funding rate paid between longs and shorts keeps the contract close to the index price.
Connect an EVM or Solana wallet, create your perps account with one signature, deposit USDC and place your first order. Your perps wallet is separate from the wallet you use for swaps.
Avalanche, Solana, Ethereum, Arbitrum, Base, Optimism, BNB Chain, Mantle, Sonic, Berachain, Sei, X Layer, Robinhood Chain and ADI. Every chain trades the same order book.
Up to 100x on major markets such as BTC, ETH and SOL. The maximum depends on the market and on your position size, and is shown in the order form.
Deposits sit in Orderly Network's on-chain vault contracts, not with Pangolin, and you can withdraw them at any time. Orders are matched on Orderly's shared order book.