Risk Disclosure

Last updated: 26 May 2026

Trading perpetual futures is high risk. The disclosures below are not exhaustive but cover the principal risks of using MaxPerp. You should read them carefully and only trade with capital you can afford to lose in its entirety.

1. Leverage Magnifies Losses

Perpetual futures contracts on MaxPerp are leveraged instruments. Leverage allows you to control a position substantially larger than the margin you commit. A small adverse price movement can result in the loss of the entire margin allocated to that position, and at the higher leverage tiers can wipe the position within a single tick. At a leverage of N×, a price move of approximately 100/N % against you is sufficient to exhaust your margin.

2. Liquidation

Positions are automatically liquidated when their margin can no longer cover the maintenance margin requirement. Liquidation occurs without prior notice and may occur during periods of market stress when execution prices may be significantly worse than the last-displayed price. In a cross-margin account, liquidation of one position may, in extreme cases, also forfeit the margin securing other open cross-margin positions.

3. Volatility

Cryptocurrency and commodity markets can experience extreme volatility, including sharp price gaps, flash crashes, and prolonged periods of one-way movement. Past performance is not indicative of future results.

4. Funding Payments

Perpetual futures use a funding mechanism to keep contract prices aligned with the underlying index. Funding payments are exchanged directly between long and short holders at the published interval and rate. Funding rates can be positive or negative and can change quickly; holding a position across a funding settlement may result in a payment from your account.

5. Technical & Operational Risks

The Platform may experience downtime, latency, or partial failures caused by software defects, infrastructure incidents, network congestion, third-party service outages (including price feeds), or cyber-attacks. During such events you may be temporarily unable to open, modify, or close positions; your existing positions may nevertheless be liquidated according to prevailing market data.

6. Index & Mark-Price Risk

Marks, funding, and liquidations on MaxPerp are computed using reference index data sourced from third-party venues. Errors, manipulation, or downtime at those venues can affect the prices used on the Platform. We may temporarily pause a market or use a fallback price during such events.

7. Wallet, Network & Counterparty Risk

Deposits and withdrawals occur on public blockchain networks. Once a transaction is broadcast, it cannot be reversed. Sending funds on the wrong network, or to a different address than the one displayed on the Platform, may result in permanent loss. Hot-wallet infrastructure is, by necessity, exposed to a non-zero risk of theft or compromise; we mitigate this risk through cold-wallet segregation, key partitioning, and regular review.

8. Regulatory Risk

The legal status of cryptocurrency derivatives is evolving. Changes in law, regulation, sanctions, or tax treatment may require us to restrict products, geographies, or features at short notice. You are solely responsible for ensuring that your use of the Platform complies with the laws applicable to you.

9. No Investment Advice

Nothing on the Platform constitutes investment, financial, legal, or tax advice. Market data, charts, indicators, and trading tools are provided for information only. You are responsible for your own trading decisions; consider consulting a qualified professional before trading.

10. Total Loss Possible

You may lose all of the capital you commit. Do not trade with funds you cannot afford to lose. If you do not understand the risks above or are uncertain whether perpetual futures are suitable for you, do not use the Platform.

See also our Terms of Service and Restricted Jurisdictions.