perpRFQ

Trade select tickers in size, even when visible liquidity is limited. perpRFQ lets traders submit large order interest directly to market makers, who provide liquidity within 10 seconds. Users then have up to 2 minutes to execute through the order book. RFQ orders are subject to a 1 bps points fee for Standard Accounts.

Available markets

• Crypto: BTC, ETH, SOL, XRP, TON, ZEC, LINK, SUI, LTC, ONDO, VVV, AVAX, ADA, AAVE, ENA, DOGE, NEAR, XPL, BNB, XMR, PAXG

• RWAs: XAU, XAG, WTI, BRENT, SPY, QQQ, TSLA, INTC, NVDA, SNDK, AMZN, HOOD, MSFT, GOOGL, PLTR, CRCL, COIN, META, AAPL, MU, EWY, SAMSUNGUSD, XCU, AMD, SKHYNIXUSD, MSTR, MRVL

How it works (address must be whitelisted)

• Select the RFQ order type on order panel for an eligible market

• Submit an intent on perpRFQ: input side and size for a market, request quote

• Market maker response: MMs will only see the requested size, not the trade side, and can choose whether to provide liquidity. An estimated execution price and slippage will then be shown, allowing you to decide whether to execute the trade

  • MMs have 10 seconds to respond to your request and can dynamically adjust pricing up until you decide to execute the trade

  • Your execution window is of 2 minutes