Skip to main content

Documentation Index

Fetch the complete documentation index at: https://perpcord.com/docs/llms.txt

Use this file to discover all available pages before exploring further.

​
How Trading Works

PerpCord simulates perpetual futures trading using real cryptocurrency prices from CoinGecko. Each trading round features a randomly selected token, and you bet on whether its price will go up or down.

​
Game Rounds

PerpCord features quick ~10 minute rounds for action-packed trading. Rounds start automatically back-to-back, so there’s always a game to play!
  • Duration: ~10 minutes per round
  • Pace: Rapid-fire trading with rounds starting back-to-back
  • Best for: Active traders who enjoy quick decisions and frequent action

​
Trading Round Basics

Each round follows these core mechanics:
  • Token Selection: Each round features a randomly selected cryptocurrency
  • One Trade Per Round: You can only place one trade per round
  • Trade Cutoff: Trading closes 2 minutes before settlement
Your entry price is set when you place your trade, not when the round starts. This means timing matters!

​
Placing a Trade

Use the /perp trade command with three parameters: 
/perp trade direction:LONG leverage:10 size:2000

​
Direction

Choose your position based on your price prediction:
DirectionYou Win WhenYou Lose When
LONGPrice goes UPPrice goes DOWN
SHORTPrice goes DOWNPrice goes UP

​
Leverage

Leverage multiplies both your potential gains AND losses. PerpCord offers four leverage tiers:
LeverageVibeLiquidation Threshold
🐢 3×Chill~33% move against you
🚀 10×Normal10% move against you
⚔️ 100×Risky1% move against you
💣 250×YOLO0.4% move against you
Higher leverage means higher risk! A small price movement can wipe out your entire position with high leverage.

​
Size

The size is how many coins you’re risking on the trade:
  • Must be greater than 0
  • Cannot exceed your current balance
  • This is the maximum you can lose on the trade

​
Whale Tax (Soft Cap)

To keep the leaderboard competitive, oversized trades from large balances get diminishing returns:
  • Balances at or below 20,000 coins: no cap, your full size counts
  • Balances above 20,000 coins: max effective trade size is min(30% of balance, 75,000)
  • Anything you bet above that cap only counts at 25% for PnL purposes
You can still place the trade — but the effective size used in PnL calculations is reduced. This is applied automatically and silently.

​
Profit & Loss Calculation

Your PnL (Profit and Loss) is calculated when the round settles: 
Price Change % = ((End Price - Entry Price) / Entry Price) * 100

For LONG:  PnL = Size * Leverage * (Price Change % / 100)
For SHORT: PnL = Size * Leverage * (-Price Change % / 100)

​
Example Calculations

Example 1: Winning LONG Trade
  • Entry Price: $1.00
  • End Price: $1.02 (2% increase)
  • Size: 1,000 coins
  • Leverage: 10x
PnL = 1,000 * 10 * (2 / 100) = 200 coins profit
Example 2: Losing SHORT Trade
  • Entry Price: $1.00
  • End Price: $1.01 (1% increase)
  • Size: 500 coins
  • Leverage: 100x
PnL = 500 * 100 * (-1 / 100) = -500 coins loss

​
Trade Cutoff Window

Trading closes 2 minutes before the round settles. This prevents last-second trades that could exploit price movements. When trading is closed, you’ll see:
  • A “Trading CLOSED” status in /perp status
  • A countdown to settlement
  • You cannot place new trades until the next round

​
Checking Your Trade

After placing a trade, you can verify it with: 
/perp status
This shows your current position and the round’s progress.

​
Tips for Trading

Start with lower leverage (3× or 10×) while you learn the game. You can always increase risk later!
Don’t go all-in on every trade. Managing your bankroll helps you survive losing streaks.
Watch the price chart shown when rounds start. Recent price action can hint at momentum.

​
Profit Boosts (Charges)

When you have active profit boosts (from the wheel or magic potions), your winning trades receive bonus coins. Boosts work on a charge system — each winning trade consumes one charge, and unused charges expire after 2 hours. Boosts only multiply your profits; they have no effect on losing trades.
Time your trades wisely when you have boost charges active! Use them on high-conviction trades to maximize your gains.

​
Next Steps

Daily Features

Wheel spins, quests, Pepe traps, and potions

Badges

Earn badges for your trading achievements

Leaderboard

Compete for the top spot