PERP ANYTHING™List a Perpetual Market for Any Asset
Gold. Oil. Commodity. Chips. FX. If it has a price feed, it can be a perp - and you can own it. Orderly runs the engine. You run the market and keep the revenue.
Two revenue streams. One refundable deposit.
Base taker fee share
50% of your market's Orderly base taker fees by default. Maker fees, liquidation fees and funding are not included in this share.
Liquidation revenue
When leveraged traders in your market get liquidated, the entire liquidation revenue goes to you - not split, not shared. Volatile long-tail markets liquidate often.
Deposit to start
Post the deposit, configure your market, and meet the launch requirements. Builders can have up to 5 markets by default; Orderly can adjust this limit.
First to list, first to earn.
The biggest fee streams go to whoever lists first. Most barely trade as perps anywhere else - and where they do, they're gated behind brokers and market hours.
The NYSE trades 32 hours a week. Your perps trade 24/7 - no broker, no PDT rule, open to the whole world.
See what your market
can earn.
Illustrative estimate only. Assumes all volume is charged at the 3 bps Orderly base taker fee, with 50% of Orderly base fees shared to the Builder. Liquidation revenue is estimated using the IF-side portion of liquidation fees. Actual revenue may vary by market type, maker/taker mix, fee settings, tier, and market conditions.
From price feed to profit in four steps.
Perp Anything lets Builders create and operate perpetual futures markets on Orderly. You choose the price source and arrange liquidity; Orderly handles matching, liquidation and settlement.
Connect a price feed
Use any exchange index, platform oracle, or your own custom oracle.
Post the deposit
$25,000 USDC into your dedicated Insurance Fund. A risk buffer, not a fee - withdrawable when you delist, though it can be drawn down to cover bad debt in your market.
Configure & schedule
Set symbol, parameters, pricing source, and market-maker accounts from the Builder dashboard. Choose your go-live time.
Go live & earn
Market opens POST_ONLY, then auto-activates once ±5% depth holds $25K per side for 10 minutes. Fees start flowing immediately.
The $25K is a deposit, not a payment. It sits in your market's Insurance Fund as a risk buffer and can be withdrawn once the market is delisted and obligations are settled. As a backstop, it can be drawn down to cover bad debt if your market defaults - so it's refundable, not risk-free. Your real cost of entry: liquidity, not capital burned.
Community Listed markets have separate order books and liquidity. Each frontend chooses which markets to display. Builders remain responsible for liquidity and market health; see the market operations guide. RWA uses supported assets and sessions; Pre-TGE requires a separate setup with Orderly.
Need a DEX frontend first? Builder onboarding →
Questions, answered.
No. Perp Anything creates a Builder-operated perpetual market. A DEX frontend is the interface your traders use. Start with Builder onboarding if you need to set up your own trading frontend or SDK/API integration. Compare Builder launch paths.
Everyone.
A $25,000 USDC Insurance Fund deposit and a valid price oracle/price feed. The $25K is a refundable deposit, not a fee - it can be withdrawn when the market is delisted and all obligations are settled.
Yes. You can use platform/CEX sources or custom oracle sources, depending on your market setup. Learn more about custom oracle.
Community Listed markets use builder-level isolation, including dedicated per-builder Insurance Fund, Isolated Margin model, and per-market controls (including reduce-only and delisting under unhealthy conditions).
No. Each Perp Anything market is created and operated by its Builder, while Orderly provides matching, liquidation, settlement, parameter constraints, status transitions, and monitoring. Markets have isolated order books and market-scoped controls; markets assigned to the same Builder Insurance Fund share that fund's available coverage.
You are responsible for providing liquidity, either by working with market makers or deploying market-making algorithms.
Trading frontends choose whether to display Community Listed markets and which Builders to include. Listing a market does not automatically put it on every frontend. Where shown, the market identifies its operating Builder. Read about Community Listed markets.
Operating a market includes monitoring liquidity, Insurance Fund coverage, price-source health, and market status. The Market Operations guide explains alerts and the conditions that can restrict or delist a market. Read the market operations guide.
First to list,first to earn.
Choose your frontend launch path, then review the listing requirements and responsibilities for operating a market.