Documentation Index
Fetch the complete documentation index at: https://docs.raydium.io/llms.txt
Use this file to discover all available pages before exploring further.
Raydium Perps is powered by Orderly Network. It is separate from Raydium spot swaps and liquidity pools. Perps trading uses an order book, not AMM pool liquidity.
What Raydium Perps is
Raydium Perps is a gasless perpetuals trading surface atperps.raydium.io. You can trade perpetual futures from a Solana wallet without paying gas for every order placement, update, or cancellation.
The product uses Orderly Network’s infrastructure for the underlying venue. Raydium provides the product surface, while Orderly powers the central limit order book, matching, and perps venue mechanics.
Key points:
- Perpetual futures: trade long or short exposure without holding the underlying asset.
- Gasless trading: placing and canceling orders does not require a Solana transaction.
- Leverage: markets support leverage, with limits depending on the asset and venue settings.
- Multi-collateral deposits: deposit supported collateral assets and use them for margin.
- Self-custody: you connect with your wallet and approve account actions.
How to start trading
You can fund an account and start trading from the perps app.1. Navigate to Perpetuals
Openperps.raydium.io. Check the URL before connecting your wallet.
2. Create an account
First-time users create a perps account. This is a one-time setup step. Review the wallet prompt before signing.3. Deposit funds
Deposit supported collateral. Raydium Perps supports deposits from major chains and supports collateral such as native SOL and USDC where available. After deposit, confirm your account equity and available margin before placing an order.4. Start trading
Choose a market, review the order book, select order type, set size and leverage, then submit the order. Start small until you understand how margin, liquidation price, and funding affect the position.What to check before opening a position
- Market: confirm you selected the intended perp market.
- Direction: long benefits from price rising; short benefits from price falling.
- Leverage: higher leverage increases liquidation risk.
- Liquidation price: check where the position can be liquidated.
- Order type: market orders prioritize execution; limit orders control price.
- Margin: make sure your account has enough available margin after fees.
Where to go next
user-flows/perpetuals-trading-basics— perps concepts for new traders.products/perps/order-types— supported order types.products/perps/collateral— supported collateral and account funding.products/perps/fees— maker, taker, and withdrawal fees.