Blad Docs

Perps

Perps are leveraged perpetual trading products. They let you take long or short exposure without owning the underlying asset directly. Because leverage can amplify both gains and losses, perps are higher risk than simple spot-style trades.

What You Can Do

In BLAD perps, you can:

  • View supported perps markets.
  • Fund a separate perps cash balance.
  • Open long or short positions.
  • Choose leverage within the market’s allowed range.
  • Review estimated liquidation price.
  • Set take profit and stop loss.
  • Add to, reduce, close, or manage supported positions.
  • Withdraw perps cash back to your Solana USDC balance when available.

Perps Cash

Perps use a separate cash balance from your main stock/cash balance. Before opening a perps position, you may need to move USDC into perps cash.

The current minimum for bridging cash into perps is $5. Provider, bridge, venue, and network costs can vary. Review the in-app quote before confirming.

Long, Short, And Leverage

A long position is a bet that the market will rise. A short position is a bet that the market will fall.

Leverage lets you control a larger notional position with less margin. Higher leverage means a smaller price move can create a larger gain or loss.

Use lower leverage if you are still learning. High leverage can liquidate quickly during volatile moves.

Liquidation, Stop Loss, And Take Profit

BLAD shows an estimated liquidation price before you open a position. Treat it as a risk warning, not a guarantee.

BLAD supports take profit and stop loss settings for perps. These tools help manage risk, but they do not eliminate risk. Fast markets, liquidity gaps, provider outages, or execution conditions can affect whether an order completes at the expected price.

Fees

The public BLAD perps fee is 0.03%. The app also shows estimated perps execution fees before confirmation.

Perps can involve costs beyond the BLAD fee, including venue, spread, slippage, bridge, provider, funding, or network-related costs.

Risks

Perps are high risk. Important risks include liquidation risk, leverage risk, market volatility, liquidity and execution risk, venue or provider availability, bridge and transfer risk, oracle or market data issues, and jurisdiction restrictions.