Fully Decentralized Perpetuals Exchange

Hello!

CAP lets you trade crypto markets like BTC/USD and ETH/USD with leverage. It is decentralized, open source, and accessible to everyone.

Over $5,200,000,000 has already been traded on CAP! Get started in seconds.

Trade ▸

Cross margin, advanced orders, Chainlink oracles

Features

CAP has all the features you need for fast and secure on-chain trading, including:

  • Cross Margin. Margin is shared between positions, minimizing liquidations.
  • Risk Management. Set limit, stop, take-profit, and stop-loss.
  • Dynamic Funding. Longs pay shorts (and vice versa) based on open interest.
  • Multi Chain. CAP is available on Arbitrum (soon Polygon, Optimism, and more).
  • Trustless. Interact directly with on-chain smart contracts (no intermediaries).

How It Works

Buy to profit from rising prices and sell to profit from falling prices.

Your profits are paid from the pool and your losses are paid to the pool.

  • 45% of trading fees go to the pool.
  • 45% go to the treasury which buys back the CAP token, among other things.
  • 10% go to keepers which trigger order executions (anyone can be a keeper).

Your account is liquidated when its margin level reaches 20%.

All prices are provided in real-time on-chain by Chainlink.

Get Involved

We believe everyone should be able to partake in the wealth creation made possible by the free markets. On CAP, value is transparently distributed. You can choose to participate as a trader, liquidity provider, code contributor, token holder, or simple community member. We recognize and encourage involvement of all kinds.