Katana Perps Docs — Perpetual Futures Trading Guide
Katana Perps documentation for perpetual futures, order books, margin, funding, liquidations, security, rewards and trading on the Katana blockchain. Read the c
What Are Perpetual Futures?
Perpetual futures let traders take long or short exposure to assets such as BTC or ETH without owning the underlying asset. Unlike dated futures, perpetual contracts have no expiration date; positions can remain open while margin requirements are satisfied.
Funding rates help keep perpetual contract prices aligned with the underlying spot market by transferring payments between longs and shorts.
Why Katana Perps?
Katana Perps combines an off-chain order book, matching engine and liquidation engine with on-chain custody and settlement on Katana. The design targets professional execution while keeping user funds in smart contracts rather than exchange custody.
- Low-latency order matching
- Native Katana settlement
- Non-custodial fund management
- Advanced order types
- Gas-free trade execution
- Cross-margin across open positions