> For the complete documentation index, see [llms.txt](https://docs.deryve.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.deryve.xyz/platform/markets.md).

# Markets

Deryve lists perpetual futures quoted in USDC. Perpetuals have no expiry date. They track a mark price and use hourly funding to keep prices aligned with their underlying market.

Every order must meet the $10 minimum notional. Market availability and native leverage can change with Lighter liquidity conditions.

### Asset classes

| Class       | Markets | Typical use                     |
| ----------- | ------: | ------------------------------- |
| Crypto      |      11 | Always-on digital asset markets |
| Equities    |      20 | Single-stock price exposure     |
| ETFs        |       5 | Index and sector exposure       |
| Commodities |       3 | Commodity-linked price exposure |

### Market directory

**Crypto:** BTC-PERP, ETH-PERP, SOL-PERP, XRP-PERP, HYPE-PERP, SUI-PERP, NEAR-PERP, ZEC-PERP, LIT-PERP, VVV-PERP, CASHCAT-PERP.

**Equities:** NVDA-PERP, AMD-PERP, INTC-PERP, MU-PERP, SNDK-PERP, AAPL-PERP, MSFT-PERP, GOOGL-PERP, META-PERP, AMZN-PERP, TSLA-PERP, COIN-PERP, CRCL-PERP, ANTHROPIC-PERP, CRWV-PERP, PLTR-PERP, BABA-PERP, ORCL-PERP, SKHY-PERP, BE-PERP.

**ETFs:** SPY-PERP, QQQ-PERP, SOXL-PERP, SPCX-PERP, SGOV-PERP.

**Commodities:** USO-PERP, SLV-PERP, USAR-PERP.

### Leverage limits

Native market limits vary. BTC, ETH, SPY, and QQQ can support up to 50×. SOL supports up to 25×. Many equities support up to 10× or 20×.

Deryve applies a separate hard cap of **5×** to equity perpetuals through its risk engine. Your configured agent maximum can reduce limits further.

{% hint style="warning" %}
Leverage changes the margin required, not the market risk. Higher leverage moves the estimated liquidation price closer to entry.
{% endhint %}

### What you trade

A stock or ETF perpetual is not ownership of its underlying security. It is a USDC-settled derivative that follows its supported market price. You receive no shareholder rights, dividends, or voting rights.

### Check before opening a trade

* Confirm the market has an active Lighter mark price.
* Check the native leverage cap and your own configured cap.
* Review funding, current volatility, and liquidation estimate.


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