SOL-PERPCrypto · Layer 1Trade Solana (SOL) Perpetual Futures
Go long or short on Solana 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
- 95.364
- 24h high
- 96.340
- 24h low
- 95.174
- 24h volume
- 1.5M USDT
Solana is a high-throughput layer-1 blockchain designed to process many transactions quickly and cheaply on a single chain rather than relying on separate scaling layers. It was created by Anatoly Yakovenko, who published its white paper in 2017, and its mainnet beta launched in 2020. The Solana Foundation and Solana Labs supported its early development. SOL is the native token, used to pay fees and to stake.
Solana uses proof of stake, with validators securing the network, combined with a technique called Proof of History that timestamps events so validators can agree on ordering efficiently. Programs, Solana's term for smart contracts, can run in parallel when they do not touch the same data, which helps keep fees low. The network suffered several outages in its earlier years, and multiple independent validator clients are being developed to improve resilience.
Solana hosts a busy ecosystem of decentralized exchanges, payments, NFTs and meme coins, and much retail on-chain trading happens there. Traders follow SOL as the leading high-performance alternative to Ethereum and as a barometer of on-chain speculative activity.
SOL's price is closely tied to on-chain activity. Trading volume on Solana decentralized exchanges, the popularity of meme-coin launches, stablecoin growth and fee revenue all signal demand for block space and for SOL itself. Staking participation affects how much supply is liquid, and new issuance from staking rewards adds steady supply.
Network reliability matters: past outages hit sentiment, and upgrades that improve performance or resilience are watched closely. Institutional access through exchange-traded products, ecosystem announcements, and competition with Ethereum and other fast chains also play a role, along with overall crypto market direction and risk appetite.
The SOL perpetual is a futures contract on the price of Solana with no expiry date. You never own Solana 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 SOL 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 Solana 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. Solana is generally more volatile than bitcoin and ether, and it often amplifies moves in the wider crypto market.
Frequently asked questions
A SOL perpetual is a futures contract on the price of Solana 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 Solana 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.
