Perpetual Futures (DEX)
Trade perpetual futures contracts with up to 101x leverage on Med.Fun's integrated DEX, powered by Drift Protocol.
What are Perpetual Futures?
Perpetual futures are derivatives contracts that allow you to speculate on the future price of an asset without owning it. Unlike traditional futures, perpetual contracts have no expiration date.
Key Features
High Leverage: Trade with 1x to 101x leverage
Long or Short: Profit from both rising and falling markets
No Expiration: Hold positions as long as you want
Advanced Orders: Market, limit, stop-loss, and take-profit orders
Real-time Data: Live order book, recent trades, and TradingView charts
Position Management: Track P&L, margin, and liquidation prices in real-time
How Leverage Works
Leverage allows you to control a larger position with a smaller amount of capital:
10x leverage: Control $1,000 worth of assets with $100
50x leverage: Control $5,000 worth of assets with $100
101x leverage: Control $10,100 worth of assets with $100
High Risk: Higher leverage amplifies both profits AND losses. You can lose your entire position if the market moves against you. Use stop-losses and start with lower leverage until you're experienced.
Getting Started
Desktop Access
Click "DEX" in the top navigation bar
Connect your wallet if not already connected
You'll see the full trading interface with charts, order book, and trading panel
Mobile Access
Tap the "DEX" icon in the bottom navigation
Swipe between tabs: Trade, Chart, Positions, Orders
Use the compact trading interface optimized for mobile
Drift Account Setup
Before you can trade perpetual futures, you need to create a Drift account:
Navigate to the DEX page
Click "Create Drift Account"
Approve the transaction in your wallet
Deposit SOL to start trading
Market Selection
Choose from available perpetual markets:
SOL-PERP: Solana perpetual futures
Additional markets available in the market selector
Each market displays:
Current price and 24h change
Funding rate (cost of holding positions)
Open interest and volume
Opening a Position
Going Long (Betting price goes up)
Select your market from the market selector
Choose "Long" in the trading panel
Select order type (Market or Limit)
Enter the amount you want to trade
Set your leverage (1x - 101x)
Optional: Add stop-loss and take-profit orders
Click "Open Long" and confirm
Going Short (Betting price goes down)
Select your market
Choose "Short" in the trading panel
Follow the same steps as opening a long position
Click "Open Short" and confirm
Order Types
Market Order
Executes immediately at current market price
Best for entering/exiting positions quickly
May experience slippage in volatile markets
Limit Order
Executes only at your specified price or better
Useful for entering at specific price levels
May not fill if market doesn't reach your price
Stop-Loss Order
Automatically closes your position to limit losses
Triggers when market reaches your stop price
Essential for risk management
Take-Profit Order
Automatically closes your position to lock in profits
Triggers when market reaches your profit target
Helps secure gains without constant monitoring
Position Management
Viewing Open Positions
Your open positions show:
Entry Price: Price you entered the position
Current Price: Live market price
Size: Amount of the position
Leverage: Applied leverage multiplier
Unrealized P&L: Current profit or loss
Liquidation Price: Price at which position will be liquidated
Margin: Collateral backing the position
Closing Positions
To close a position:
Go to the "Positions" tab
Click "Close" on the position
Choose to close partially or fully
Confirm the transaction
Modifying Positions
You can:
Add or reduce margin to avoid liquidation
Add stop-loss or take-profit orders
Partially close to secure profits
Adjust leverage (by modifying margin)
Understanding P&L
Unrealized P&L
Profit or loss on open positions
Changes with market price movements
Not realized until you close the position
Realized P&L
Actual profit or loss from closed positions
Settled in your account balance
View history in the Orders tab
Calculating P&L
For a Long position:
For a Short position:
Liquidation
Liquidation occurs when your losses approach your margin (collateral). The liquidation price depends on:
Your leverage
Your entry price
Market volatility
Avoiding Liquidation
Use lower leverage: Start with 2x-5x leverage
Add margin: Deposit more collateral to lower liquidation risk
Use stop-losses: Close positions before liquidation
Monitor positions: Check liquidation prices regularly
Size appropriately: Don't use your entire balance on one trade
Fees
Trading Fee: 0.1% per trade (maker/taker)
Funding Rate: Periodic payment between longs and shorts
Positive rate: Longs pay shorts
Negative rate: Shorts pay longs
Paid every 8 hours
View current funding rates in the market stats bar.
Risk Management Best Practices
Start Small: Begin with low leverage (2x-5x) and small position sizes
Always Use Stop-Losses: Protect yourself from large losses
Diversify: Don't put all capital in one position
Take Profits: Don't be greedy - secure gains regularly
Understand Liquidation: Know your liquidation price before entering
Never Overtrade: Take breaks and avoid emotional trading
Risk Only What You Can Lose: Never trade with money you need
Desktop vs Mobile
Desktop Features
Full TradingView chart with drawing tools
Complete order book depth
Multiple panels visible simultaneously
Advanced order entry with all options
Detailed position management
Mobile Features
Swipeable tabs for different views
Compact trading interface
Essential chart functionality
Quick position closing
Optimized for touch controls
Troubleshooting
"Insufficient Margin" Error
Deposit more funds to your Drift account
Reduce position size or leverage
Position Not Opening
Check your Drift account balance
Ensure you've created a Drift account
Verify network connection
Can't See My Position
Check you're on the correct market
Look in the "Positions" tab
Ensure transaction was confirmed
Liquidation Concerns
Add more margin to the position
Close part of the position to reduce risk
Set stop-loss orders
Additional Resources
Perpetual Futures Trading Guide - Step-by-step trading walkthrough
Advanced Trading Features - PNL tracking, watchlists, and more
Trading FAQ - Common questions answered
Risk Warning: Perpetual futures trading with leverage is extremely risky. Prices can move rapidly, and you can lose your entire position. Only trade with funds you can afford to lose, and always use proper risk management.
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