What is a perpetual future?

A derivative that tracks an asset price with no expiry date. A funding payment passes between long and short holders to keep the contract near the spot price, which is why funding is the number traders watch.

How does funding work on Fensory?

Funding is charged hourly on open positions and is exchanged between traders, not collected by Fensory. Your agent can read funding history and predicted funding across venues before it decides.

Can an AI agent trade perpetual futures?

Yes. Perpetual futures are fully agentic on Fensory, with the same controls as every other market: a kill-switch, a market allow-list and a hard cap on any single order. Perps are authorised separately from spot in the app.

What happens when a position is liquidated?

If the margin backing a position falls below what the venue requires, the venue closes the position rather than waiting for it to recover. You keep whatever margin is left, which can be nothing, and a liquidation can cost more than the margin committed. This is why the per-order ceiling and the market allow-list are set on the account rather than agreed in a conversation with an assistant.

How much leverage can I use?

Leverage is set per asset, with cross or isolated margin. The 50 times ceiling applies only to a handful of index and currency contracts. Most markets are well below it: major crypto tops out at 40 times, tokenized stock perps are commonly 10 to 20. Leveraged positions carry substantially higher risk and can lose more than the margin committed.

Perpetual futures

A perpetual future is a derivative that tracks an asset price with no expiry date, held in balance by a funding payment exchanged between long and short holders. Fensory carries 300+ perpetual markets across crypto, US stock futures, commodities, equity indices, thematic baskets, currencies and rates. Every position sits inside the caps you set on the account.

Trade in the app Connect an assistant

Prompts that work today

Copy any of these into a connected assistant. The order still passes your kill-switch, your market list and your ceiling on a single order before it reaches a venue.

Show me the funding rate on BTC perps before I decide.
Data first
Long 0.01 BTC at market with a stop at 58,000 and a take-profit at 66,000.
With exits
Short BTC 2x with a stop at $58,000.
With a stop
Which perps have the highest funding right now? Has it been consistent this week?
Screening
Close half my ETH perp long and move the freed margin into tokenized treasuries.
Multi-leg
Or ask for something else
These are examples, not a menu. Describe what you want in your own words; the same ceiling and market list apply.
Other markets

See how the limits work

How funding works

Funding is the mechanism that keeps a contract with no expiry date tethered to the spot price. It is the number experienced traders check first, and it is why your assistant can read it before it decides.

When the contract trades above spot, funding is positive and longs pay shorts. When it trades below, shorts pay longs. On Fensory it is charged hourly, and it passes between traders rather than to Fensory.

Illustrative example, not a projection: a position held through a positive funding period pays that funding for every hour it stays open, so a rate that looks small hourly is not small across a week. Your assistant can pull funding history and predicted funding across venues before opening anything.

Order types

Order types available to an assistant on perpetual futures
Type	What it does
Market	Fills near the current price, within a 5% slippage allowance
Limit	Rests until the price you named is available
Stop-market	Triggers a market order once the price crosses your level
Stop-limit	Triggers a limit order once the price crosses your level
Take-profit / stop-loss	Attached to the order, or added to a position already open
TWAP	Executes a size in slices over 5 to 1,440 minutes

The risk, stated plainly

All trading carries risk, including total loss of capital. Perpetual futures and leveraged products carry substantially higher risk and can lose more than the initial margin committed.

The account controls apply here exactly as they do to spot: a kill-switch, a market allow-list, and a hard ceiling on any single order. Perps are authorised separately from spot, so enabling one does not enable the other.

The essentials

Markets: 300+ across crypto, US stock futures, commodities, equity indices, thematic baskets, currencies and rates
What you get: Price exposure, not ownership. A stock or commodity perp conveys no share, no dividend and no physical asset.
Leverage: Set per asset, cross or isolated margin. The 50 times ceiling applies to a handful of index and currency contracts; most markets are lower, and major crypto sits at 40 times or below.
Risk: Leveraged positions can be liquidated and can lose more than the margin committed. Perps are not suitable for every account.
Funding: Charged hourly and exchanged between long and short holders, not paid to Fensory
Order types: Market, limit, stop-market and stop-limit, with take-profit and stop-loss attached
Scheduling: TWAP orders execute a size in slices over 5 to 1,440 minutes
Agent access: Fully agentic. Perps and spot are authorised separately in the app.

IncludesCryptoStock futuresCommoditiesEquity indicesThematic basketsCurrenciesRates

Questions people ask

What is a perpetual future?: A derivative that tracks an asset price with no expiry date. A funding payment passes between long and short holders to keep the contract near the spot price, which is why funding is the number traders watch.
How does funding work on Fensory?: Funding is charged hourly on open positions and is exchanged between traders, not collected by Fensory. Your agent can read funding history and predicted funding across venues before it decides.
Can an AI agent trade perpetual futures?: Yes. Perpetual futures are fully agentic on Fensory, with the same controls as every other market: a kill-switch, a market allow-list and a hard cap on any single order. Perps are authorised separately from spot in the app.
What happens when a position is liquidated?: If the margin backing a position falls below what the venue requires, the venue closes the position rather than waiting for it to recover. You keep whatever margin is left, which can be nothing, and a liquidation can cost more than the margin committed. This is why the per-order ceiling and the market allow-list are set on the account rather than agreed in a conversation with an assistant.
How much leverage can I use?: Leverage is set per asset, with cross or isolated margin. The 50 times ceiling applies only to a handful of index and currency contracts. Most markets are well below it: major crypto tops out at 40 times, tokenized stock perps are commonly 10 to 20. Leveraged positions carry substantially higher risk and can lose more than the margin committed.

Other markets

All markets