Polymarket Perps
The manual Polymarket didn’t write
Guides and calculators for a product that has been live for weeks and documented for engineers. 39 markets, hourly funding, up to 20x, and a door that only opens with a code.
Published 11 August 2026 · market data live
Every market, right now
Leverage ceiling, the maintenance margin rate it implies, and what funding is costing.
Live
- PUMP-USD$0.004952
Pump.fun
Funding / hr+0.0013%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.020%
- KPEPE-USD$0.003938
KPEPE
Funding / hr+0.0013%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.076%
- KSHIB-USD$0.01
KSHIB
Funding / hr−0.0023%- Max lev.
- —
- Maint.
- —
- vs index
- −0.110%
- DOGE-USD$0.09
DOGE
Funding / hr−0.0002%- Max lev.
- —
- Maint.
- —
- vs index
- −0.086%
- XRP-USD$1.464700
XRP
Funding / hr+0.0013%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- +0.007%
- ENA-USD$0.17
ENA
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.047%
- LIT-USD$3.615900
LIT
Funding / hr+0.0013%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.080%
- FARTCOIN-USD$0.21
FARTCOIN
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- +0.038%
- ADA-USD$0.22
ADA
Funding / hr−0.0033%- Max lev.
- —
- Maint.
- —
- vs index
- −0.106%
- WTIOIL-USD$82.802
WTI Crude Oil
Funding / hr−0.0016%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.128%
- DRAM-USD$56.071
DRAM
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.037%
- SOL-USD$109.0500
Solana
Funding / hr+0.0013%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.018%
- ONDO-USD$0.38
ONDO
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.042%
- WLD-USD$0.42
WLD
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.053%
- NEAR-USD$1.93
NEAR
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.083%
- ZRO-USD$1.20
ZRO
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.092%
- SILVER-USD$69.615
Silver
Funding / hr+0.0006%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- +0.062%
- QCOM-USD$165.31
Qualcomm
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.109%
- NVDA-USD$229.76
NVIDIA
Funding / hr−0.0000%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.070%
- SPCX-USD$140.54
SpaceX
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.036%
- HYPE-USD$85.096
Hyperliquid
Funding / hr+0.0008%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.055%
- UNI-USD$4.57
UNI
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.026%
- RKLB-USD$66.95
RKLB
Funding / hr+0.0007%- Max lev.
- —
- Maint.
- —
- vs index
- +0.082%
- INTC-USD$91.14
Intel
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.055%
- BRENTOIL-USD$87.69
BRENTOIL
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- −0.035%
- CRCL-USD$95.300
Circle
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.031%
- SKHY-USD$161.04
SK Hynix
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.019%
- GOOG-USD$341.26
Alphabet
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.009%
- ETH-USD$2,525.10
Ethereum
Funding / hr+0.0013%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.040%
- MSTR-USD$138.290
MSTR
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.007%
- STRC-USD$97.995
STRC
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.010%
- MSFT-USD$504.41
Microsoft
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.008%
- AVGO-USD$369.94
Broadcom
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.027%
- COIN-USD$192.26
Coinbase
Funding / hr−0.0034%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.161%
- AMD-USD$474.16
AMD
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.006%
- SP500-USD$7,738.0
S&P 500
Funding / hr+0.0006%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.031%
- AMZN-USD$255.94
Amazon
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.043%
- HOOD-USD$110.740
Robinhood
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.018%
- ARM-USD$250.72
Arm
Funding / hr+0.0023%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.076%
- CXMT-USD$8.62
CXMT
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- 0.000%
- AAPL-USD$315.32
Apple
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.010%
- TSLA-USD$354.68
Tesla
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.045%
- SUI-USD$0.79
SUI
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- −0.073%
- META-USD$570.89
Meta
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.018%
- TSM-USD$429.12
TSMC
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- 0.000%
- ZEC-USD$820.1100
Zcash
Funding / hr+0.0013%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- −0.067%
- MU-USD$912.76
Micron
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.066%
- PLTR-USD$186.67
PLTR
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- −0.027%
- ORCL-USD$149.24
ORCL
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- +0.067%
- NBIS-USD$219.50
NBIS
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- −0.014%
- NAS100-USD$29,601.00
Nasdaq 100
Funding / hr+0.0006%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.014%
- GOLD-USD$4,613.5
Gold
Funding / hr+0.0006%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- +0.052%
- CRWV-USD$87.80
CRWV
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- −0.015%
- SAMSUNG-USD$188.24
SAMSUNG
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- −0.053%
- ZM-USD$97.16
ZM
Funding / hr−0.0038%- Max lev.
- —
- Maint.
- —
- vs index
- −0.134%
- SKHYNIX-USD$1,233.50
SK Hynix
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.008%
- SNDK-USD$1,477.8
SanDisk
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.041%
- ASML-USD$1,735.0
ASML
Funding / hr+0.0006%- Max lev.
- 10x
- Maint.
- 5.00%
- vs index
- +0.052%
- BTC-USD$80,475.0
Bitcoin
Funding / hr+0.0005%- Max lev.
- 20x
- Maint.
- 2.50%
- vs index
- −0.051%
- BABA-USD$115.68
BABA
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- +0.043%
- LITE-USD$939.11
LITE
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- +0.021%
- TAO-USD$252.94
TAO
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- +0.020%
- DELL-USD$469.59
DELL
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- +0.032%
- BNB-USD$712.32
BNB
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- +0.010%
- KIOXIA-USD$322.28
KIOXIA
Funding / hr+0.0006%- Max lev.
- —
- Maint.
- —
- vs index
- +0.040%
- AAVE-USD$128.51
AAVE
Funding / hr+0.0012%- Max lev.
- —
- Maint.
- —
- vs index
- −0.078%
- VVV-USD$18.40
VVV
Funding / hr+0.0013%- Max lev.
- —
- Maint.
- —
- vs index
- +0.011%
Prices, funding and open interest are live from Polymarket’s Perps API. Funding is the hourly rate: positive means longs pay shorts, and the bar is scaled to the largest rate currently on screen. Maintenance margin is 0.5 ÷ max leverage. Minimum position size is $10 of notional across every market.
How it works
- What a Polymarket Perps trade actually costsMaker and taker rates, all seven volume tiers, the maker rebate at the top, and the extra fee you pay if you get liquidated. With a calculator that shows the round trip as a share of your margin.
- Funding, explained like you're not a quantPolymarket settles funding every hour, not every eight. How the premium index is sampled, why a perfectly flat market still charges you, and what every listed market is paying right now.
- Isolated vs cross margin on PolymarketThe web app opens positions isolated by default and cross is opt-in through the API. What each mode risks, how the maintenance margin rate is set, and why cross liquidations move together.
- Why you got liquidated at a price the chart never touchedPolymarket runs three prices and only one of them can liquidate you. How mark is built from a median of three candidates, where index comes from, and why last trade price margins nothing.
- Your liquidation price moved and you didn't touch anythingIf you're in cross margin, your liquidation price depends on everything else in the account. The documented reason it drifts, and the three things that move it while you sit still.
- Every order type, and when it's the right oneGTC, IOC and FOK, plus post-only and reduce-only flags, take-profit and stop-loss brackets that watch mark rather than last, and the self-trade prevention you cannot switch off.
- 20x leverage, with the arithmetic attachedWhat each leverage setting actually buys you on Polymarket: the exact adverse move that liquidates you, why maintenance margin doesn't move when you post more, and how risk tiers cap size.
- How to place your first Polymarket Perps tradeFrom empty wallet to open position: funding with pUSD, picking leverage and margin mode, choosing an order type, and setting the exit before you need it.
Comparisons
- Perps vs prediction marketsOne resolves to $1 or $0 on an outcome. The other never resolves at all and charges you rent every hour. When each is the right instrument, and when they answer different questions.
- Polymarket Perps vs HyperliquidWhere Polymarket is genuinely interesting, and where pretending it beats Hyperliquid on pure crypto perps would be nonsense. Fees, funding cadence, leverage, market coverage and access.
- Polymarket Perps vs KalshiBoth started as event markets and both moved toward continuous exposure. What Polymarket has actually shipped, what that means for a US trader, and where the two genuinely differ.
Reference
- Every market you can trade on Polymarket PerpsAll listed Polymarket Perps markets — stocks, crypto, commodities and indices — with max leverage, maintenance margin, risk tiers and live funding for each. Refreshed from Polymarket's API.
- Where Polymarket Perps can be tradedThe jurisdictions Polymarket says cannot place Perps orders, what the restriction does and doesn't cover, and what integrators are required to do about it.
- The Polymarket Perps cheat sheetEvery number that matters on one page: fees, funding, margin, leverage, liquidation, order types and restrictions. Built to be screenshotted.
- The whole Perps documentation, in the parts that matterTwenty-three pages of Polymarket Perps documentation, reduced to the dozen facts that change how you trade — and the handful that are genuinely surprising.
Opinion
- Can you short NVIDIA at 3am on Polymarket?Polymarket's equity perps match orders around the clock, including weekends. What changes overnight isn't the market — it's which price feeds compute index and mark.
- Polymarket is quietly turning into Robinhood for degensElection markets, then sports, now leveraged exposure to NVIDIA, gold and the S&P at three in the morning. A thesis about where this is going, with the receipts.