PolymarketDocumentation/docs/perps/learn-about-trading/markets.md

Documentation Index

Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt Use this file to discover all available pages before exploring further.

Markets

Listed perpetual markets and trading parameters

Polymarket Perps markets track underlying assets across indices, commodities, crypto assets, and equities. Each market has its own trading parameters.

Instruments

Perps markets are represented by instruments, which are the listed perpetual contracts available to trade.

ID	Symbol	Category	Base Asset	Max Leverage
1	SP500-USD	index	SP500	20x
2	GOLD-USD	commodity	GOLD	20x
3	WTIOIL-USD	commodity	WTIOIL	20x
4	NAS100-USD	index	NAS100	20x
5	SILVER-USD	commodity	SILVER	20x
6	BTC-USD	crypto	BTC	20x
7	ETH-USD	crypto	ETH	20x
8	SOL-USD	crypto	SOL	20x
9	SPCX-USD	equity	SPCX	10x

Each instrument also includes details that shape how it trades:

• Underlying asset
• Collateral and quote asset
• Price and quantity precision
• Tick size
• Minimum order size
• Risk tiers and leverage caps
• Mark, index, and funding configuration

Market parameters can change as markets evolve. Builders should read live instrument details from [Market Data](/perps/market-data#fetch-instruments) before submitting orders.

Price Feeds

Each market tracks an underlying market through external price feeds. Those feeds drive the Index Price, and the Index Price helps anchor the Mark Price.