> For the complete documentation index, see [llms.txt](https://docs.virtuallabs.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.virtuallabs.xyz/technology/primatives/perpetual-future.md).

# Perpetual Future

VRC-12

#### Abstract

Perpetual futures markets are officially supported on VDEX with the introduction of VRC-10. Perpetual contracts trade independently from spot markets and are tethered to the oracle price via an hourly funding rate. The margin required to open a position is discounted on a pair's maximum leverage factor. VDEX will close a position on behalf of the user should their equity decrease below the requirement.

#### Features

* Crypto derivatives without expiration
* Isolated and cross margin
* Maker and taker orders
* Funding rate
* Liquidation
* Leverage