54 lines
2.1 KiB
Markdown
54 lines
2.1 KiB
Markdown
> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# Overview
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> The market mechanics behind Perps trading
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Perps markets follow a small set of system rules. This section explains how
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those rules work so you can anticipate how positions are valued, when they are
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at risk, and why account balances change.
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<CardGroup cols={2}>
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<Card title="Architecture" icon="sitemap" href="/perps/learn-about-trading/architecture">
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How offchain matching and onchain settlement fit together.
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</Card>
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<Card title="Markets" icon="list" href="/perps/learn-about-trading/markets">
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Available Perps markets and the parameters that shape trading.
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</Card>
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<Card title="Fees" icon="percent" href="/perps/learn-about-trading/fees">
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What each fill costs and how the volume-based fee tiers work.
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</Card>
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<Card title="Margin" icon="scale-balanced" href="/perps/learn-about-trading/margin">
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Equity, initial margin, maintenance margin, and margin states.
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</Card>
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<Card title="Liquidation Mechanics" icon="triangle-exclamation" href="/perps/learn-about-trading/liquidation-mechanics">
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How liquidation is detected, executed, and backstopped.
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</Card>
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<Card title="Funding" icon="repeat" href="/perps/learn-about-trading/funding">
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How funding rates are computed and settled against open positions.
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</Card>
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<Card title="Mark Price" icon="chart-line" href="/perps/learn-about-trading/mark-price">
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How the price used for margin, PnL, and liquidation is computed.
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</Card>
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<Card title="Index Price" icon="crosshairs" href="/perps/learn-about-trading/index-price">
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How the underlying's fair value is sourced and aggregated.
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</Card>
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<Card title="Market Sessions" icon="clock" href="/perps/learn-about-trading/market-sessions">
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How session state affects pricing feed selection.
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</Card>
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<Card title="Geographic Restrictions" icon="globe" href="/perps/learn-about-trading/geographic-restrictions">
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Where order placement is restricted.
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</Card>
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</CardGroup>
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