Call the move on any coin.

Built on Solana

Perpboard runs on the Solana blockchain. The coins, the prices, the wallets and the SOL you trade with all come from Solana.

Coins

Every coin is a Solana token, found by its mint address: the 32 to 44 character contract address you paste. Addresses from other chains, like Ethereum or Base, won't open a market.

Prices

Read from each coin's own pools on Solana exchanges such as Raydium, PumpSwap, Orca and Meteora, through DexScreener.

Currency

Positions, fees, the pool and weekly prizes are all in SOL. In practice mode that SOL is paper.

Wallets

Phantom, Solflare, Backpack and other Solana wallets. Connecting shares your address, and nothing is ever sent from it.

Explorer

Every coin and wallet links to Solscan, the Solana block explorer, so you can check it on-chain yourself.

The flow

1. 01

   Claim 10 paper SOL

   Press Claim on Portfolio or on any coin page and you get 10 paper SOL. No sign-up. When real trading opens, this step becomes a SOL deposit from your wallet.

2. 02

   Pick a coin

   Paste a contract address, or pick one from Markets. Prices come from each coin's main pool through DexScreener and refresh every few seconds.

3. 03

   Go long or short

   Choose a side, a size and a leverage, and add a take profit or stop loss if you like. The order fills the moment you place it.

4. 04

   Close and collect

   Your P&L moves with the price. Close whenever you like after 10 seconds, or let your take profit or stop loss do it. Every closed trade gets a share card.

The rules

Leverage

2x, 5x or 10x the price move. Deeper coins allow more: 10x from 500 SOL of liquidity, 5x from 150 SOL, 2x below that. Each coin page shows what it allows.

Fees

1% of your stake when you open and 1% of what comes back when you close. Nothing on profits. 80% of every fee goes into the pool.

Fair fills

Every fill uses the worse, for you, of the live price and its 30-second average. A one-second spike moves the live price but not the average, so it can't be farmed.

Wins and losses

A position can win up to +200% of its stake and lose at most the stake. It closes on its own at either end, and you never owe more than you put in.

Which coins

A coin opens for trading once it has at least $30.0K of market cap and $5.0K of liquidity, checked on every trade. SOL and stablecoins are left out.

Size

How much the pool takes on one coin depends on that coin's liquidity and on the pool's size. Each coin page shows the room left. The smallest trade is 0.01 SOL.

Triggers

Take profit, stop loss and liquidation are checked against live prices every few seconds while Perpboard is open, and again on the first price refresh after a quiet spell.

Ways to earn

Trade

Short what you think is heading to zero, long what you think is going higher. Winners are paid by the pool at once.

The pool

Add SOL to the pool and own a share of the side everyone trades against. It keeps the stakes traders lose plus 80% of fees, and it pays out when traders win.

Copy trading

Open any trader from Wins or Compete and copy them at a fixed size per trade. When they open, you open. When they close, yours closes at the same price.

Weekly competition

The three most profitable traders each week split a prize pot: 50% of what Perpboard keeps from that week's trading fees. You need 5 closed trades to place.

Practice and real

Practice mode is live: paper SOL, live prices, the same rules and shared boards with everyone else practicing. Real trading needs an on-chain vault to hold deposits and a settlement engine to run the book. Until both launch, the Real switch shows an empty book, and nothing on Perpboard touches real SOL.