paperliquid
Trading

Markets and prices

Which markets you can trade and where the prices come from.

MarketAssetMax leverage
BTC-PERPBitcoin1000x
ETH-PERPEthereum1000x
SOL-PERPSolana1000x

Price source

Prices come from Pyth, an oracle network that aggregates quotes from major exchanges and market makers. Our server pulls the latest price every second and every order fills against that server price. Prices sent from your browser are never used.

Fills

  • You get the oracle mid price adjusted by a small simulated spread of 0.1 bp (0.001%) against you on open and on close.
  • There is no slippage and no order book: any size fills at that price, up to the maximum position size.
  • If the latest price is more than 5 seconds old, new orders are paused until fresh prices arrive. This stops anyone trading on a stale price.

Funding

There is no funding rate. Holding a position costs nothing over time.