Perpetual Swaps
Futures Without Expiry
Traditional futures contracts have an expiry date. Perpetuals (or "perps") don't.
A perp is a contract that lets you bet on the price of an asset — going Long (expecting the price to go up) or Short (expecting the price to go down) — without ever owning the underlying token.
Instead of buying ETH itself, you open a position that tracks ETH price movement. Your profit or loss depends on how the price moves after you enter.
Orokai integrates non-custodial perps directly into its interface, so users can take leveraged positions without sending funds to a centralized exchange.
The Scoreboard Bet
Trading perps is like betting on the movement of a scoreboard without owning the team. You are not buying the asset itself — you are taking a position on whether its price will move up or down.
Direction Betting
Round 1 of 3
Watching price...