ICP-PERPCrypto · Layer 1Trade Internet Computer (ICP) Perpetual Futures
Go long or short on Internet Computer with up to 100x leverage. No KYC, no sign-up: connect your wallet and trade 24/7.
- No KYC
- No sign-up
- Self-custody
- Up to 100x leverage
- Mark price
- 2.508
- 24h high
- 2.530
- 24h low
- 2.479
- 24h volume
- 38.7K USDT
Internet Computer (ICP) is a layer-1 blockchain developed by the DFINITY Foundation, a nonprofit founded by Dominic Williams. Its network launched in May 2021 with the goal of letting full applications, including their websites, data and logic, run directly on a blockchain rather than relying on conventional cloud servers.
Applications on the Internet Computer run as "canister" smart contracts, which hold both code and data. The network is made up of subnets of independent node machines, and uses a set of techniques called chain-key cryptography to let the whole network sign with a single public key. This also lets ICP interact directly with other chains such as Bitcoin and Ethereum. Unlike most blockchains, it uses a "reverse gas" model: developers pre-pay for computation with "cycles," which are created by converting ICP, so end users do not need tokens to use an app.
The ICP token is used for governance through the Network Nervous System (NNS), where holders lock tokens into "neurons" to vote and earn rewards, and it is burned to create cycles. Traders follow ICP as a long-running alternative layer-1 with an unusual technical design and a large, active developer base.
ICP's price is shaped by the balance between new token issuance and token burning. Rewards paid to governance participants add supply, while converting ICP into cycles to pay for computation removes it, so growth in network usage and changes to the reward rules are watched closely.
Developments from the DFINITY Foundation, such as new features, integrations with Bitcoin and Ethereum, and AI-related applications running on the network, can move sentiment. ICP's early trading history, which included a steep decline after its 2021 launch, still colors how the market views it. Like most altcoins, it also tracks broader crypto market direction.
The ICP perpetual is a futures contract on the price of Internet Computer with no expiry date. You never own Internet Computer itself: you go long if you expect the price to rise or short if you expect it to fall, and settle profit and loss in USDT.
You choose your leverage, up to 100x. Margin is cross: your whole perpetual balance backs every open position. Positions are valued at a mark price taken from market data, which can differ from the last trade, and an order more than 20% away from the mark price is rejected.
- 1Connect a wallet. Connect MetaMask, or log in with email or Google, and sign the login message.
- 2Deposit USDT. Deposit USDT and move it to your perpetual account to use as margin.
- 3Choose long or short and your leverage. Open the ICP market, pick a direction and leverage, and place a market or limit order.
- 4Manage the position. Set a take-profit or stop-loss, add margin, or close the position whenever you like.
| Topic | Max Orion | Centralized exchange |
|---|---|---|
| Sign-up | No KYC: connect a wallet and sign a message | Email, password and identity checks |
| Your account | Your wallet address is your account | A username held by the exchange |
| Orders | Every order is signed by your wallet | Orders sent under a logged-in session |
| Hours | Crypto, gold and oil, 24/7 | Commodities often follow market hours |
Leverage multiplies losses as well as gains. If the Internet Computer price moves against your position far enough that your perpetual balance, including unrealized losses, falls below the maintenance margin, positions are closed automatically at the prevailing price and you can lose your whole balance. A stop-loss becomes a market order when triggered and is not guaranteed to fill at its price. Only trade with money you can afford to lose. ICP is a large but historically volatile layer-1 token, and it tends to swing more widely than Bitcoin or Ether.
Frequently asked questions
A ICP perpetual is a futures contract on the price of Internet Computer with no expiry date. You go long if you expect the price to rise or short if you expect it to fall, post margin in USDT, and keep the position open for as long as your margin covers it.
You can trade Internet Computer perpetuals with up to 100x leverage. The higher the leverage, the smaller the price move against you that liquidates the position.
No. There is no KYC and no sign-up form. You connect a wallet and sign a message to log in — self-custody wallet sign-in, with no password — then deposit USDT to start trading.
Every market settles in USDT, with cross margin: your whole perpetual balance backs all of your open positions, so a profit on one adds margin to the others and a loss on one reduces the margin left for all of them.
A perpetual has no expiry, so a periodic funding payment between longs and shorts keeps its price close to the underlying market. When the perpetual trades above the underlying, longs pay shorts; when it trades below, shorts pay longs.
A maker order, which waits in the order book, pays 0.02% of its value. A taker order, which fills immediately, pays 0.06%.
Leverage multiplies losses as well as gains. If the price moves against your position far enough that your margin no longer covers it, the position is liquidated and the margin is lost. Only trade with money you can afford to lose.
