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  • Founder's Message
  • What is What?
  • Branding
  • How to trade perps on What Exchange
    • Trading basics
      • Glossary
      • Affiliate Program
      • API broker onboarding
      • Order types
      • Trading fees
    • Perpetual futures basics
      • Formulas and Definitions
      • Margin, Leverage, and PnL
      • Mark Price, Index Price, and Last Price
      • Order Price Limit
      • Funding Rate
      • Liquidations
      • Insurance Fund and ADL
  • Supported Markets
  • Supported Chains
  • API trading on What Exchange
  • WHAT Order Book Design
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How to trade perps on What Exchange
Perpetual futures basics
Trading feesFormulas and Definitions
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