Risk Disclosure

Perpetual futures are leveraged products. They can produce large gains and large losses quickly. Read this before trading.

Leverage magnifies losses

Leverage multiplies the effect of price movements on your collateral. A small move against your position can wipe out a large share of your margin. The higher your leverage, the smaller the move needed to liquidate you.

Positions can be liquidated

If the market moves against you past your maintenance margin, your position is liquidated automatically. Liquidation can happen faster than you can react, and in fast markets the closing price may be worse than your estimated liquidation price. You can lose the full margin committed to a position.

Ongoing costs

Holding a position incurs funding payments, which can run against you for as long as the position is open. Trading fees apply to each trade. These costs accrue independently of whether your position is profitable.

Market and technical risk

Prices can gap, liquidity can thin out, and volatility can spike without warning. Oracle and network conditions can affect pricing and execution. No order type, including stop-loss, can guarantee a fill at a specific price.

Self-custody responsibility

You hold your own funds and keys. 7.Exchange cannot reverse transactions, recover lost keys, or restore funds lost to compromised wallets or approvals. You are responsible for the security of your wallet and for the trades you place.

Not financial advice

Nothing in this documentation or the 7.Exchange interface is financial, investment, legal, or tax advice. You are solely responsible for your trading decisions. Only trade with funds you can afford to lose, and consider seeking independent advice if you’re unsure whether these products are appropriate for you.