Documentation
How sneaker perpetuals work
What are Sneaker Perps?
Perpetual futures tied to sneaker prices. Go LONG (price up) or SHORT (price down) on sneaker models without owning physical sneakers. Virtual USD settlement.
How to Trade
1. Connect for $10,000 virtual USD 2. Pick a sneaker market 3. Choose LONG or SHORT 4. Set leverage (1x to 25x) 5. Enter size in USD 6. Confirm Real-time P&L updates as sneaker prices move. Close anytime.
Fees
Open Fee: 2% of notional Close Fee: 2% of notional Example: $100 at 5x = $500 notional. Open fee: $10. Close fee: $10.
Funding Rate
Keeps perp price anchored to the real sneaker index. Payments every 8 hours. Rate capped at 0.1% per interval.
Liquidation
Isolated margin — losses limited to position margin. Liquidation when margin ratio drops below 5%. Profit cap at 300% ROE. LONG: entryPrice × (1 - 0.95 / leverage) SHORT: entryPrice × (1 + 0.95 / leverage)
Price Data
Sourced from public marketplace data (StockX, GOAT). Smoothed with adaptive EWMA. Updates every 30 seconds.
Risks
Significant risk involved. You can lose your entire margin. High leverage magnifies gains AND losses. Experimental software — use at your own risk. Not financial advice.