Perpetuals On Private Markets

Go long or short
on private markets.
Up to 10x leverage.

OpenAI, Anthropic, ByteDance and Stripe have no ticker and no order book. Private Perps builds a continuous index for each one and settles perpetuals against it, so you can take a side without waiting for an IPO.

Launch terminalHow it works

126 Private Markets

OpenAI, Anthropic, ByteDance and more

10x Leverage

Long or short, either side

0.10% Taker Fee

Charged on notional, once

Trillions in value with
no public listing.

0.10% taker fee,
charged once.

Up to 10x.
Long or Short.

How it works?

Every market is anchored to the company's last real valuation, a funding round or a secondary print. A weighted basket of listed comparables carries the mark between those events, so the chart moves continuously instead of once a year.

One index.Continuous marks.

Open the terminal →

Connect
your wallet.

Connect a wallet and deposit ETH. The treasury verifies the transaction on chain before your balance moves, and the same hash can never be credited twice.

Pick a company, pick a side, pick leverage up to 10x. Entry price, liquidation level and the 0.10 percent fee are all shown before you commit.

Preview
the output.

One click
to settle.

Close whenever you like and the result settles against the live mark. Withdraw back to your wallet, capped at what your deposits and settled trades actually entitle you to.

Built Different.

Protocol grade
infrastructure.

Every layer is designed for capital efficiency, from liquidity routing to safety checks.

Comparables
Index

Each company is pinned to its last sourced valuation, then marked continuously off a weighted basket of listed peers. The anchor and its source ship with every market.

Mark Guards

A basket missing too many constituents will not produce a mark, and a reading that jumps more than 25 percent in one refresh is held rather than written into the book.

Settled In ETH

Margin, funding and payouts all move in ETH on Robinhood Chain. Deposits are verified on chain before a balance changes, and every payout leaves the treasury as a real transaction.

Liquidation Engine

Positions are swept against the mark every minute. A long is closed when the index falls by one over leverage, a short when it rises, and losses never exceed the margin posted.

What's next

Twelve markets
is the start.

Private Perps is expanding into every company worth a market: more names, deeper indices, and limit orders.

Index

Trade

Hedge

Settle

Private markets,finally tradable.

Launch terminal