Introduction
Last updated
Last updated
perp.fun is a simplified interface for trading perpetuals, built on top of the Perennial protocol. It’s designed to strip the complexity out of trading — no cluttered interface, no limit orders, stop losses, or advanced settings. Just long or short bluechips with a few taps.
Your trades are routed through Perennial’s purpose-built perps rollup, giving you near-zero fees, fast execution, and full control at all times.
Gasless trading – Powered by Perennial’s rollup, there are no gas fees when placing trades.
BTC, ETH, SOL markets – Trade up to 100x leverage on major bluechips.
Grow your flowers – Each trade plants a seedling that blooms as your position thrives — or wilts when you’re close to liquidation.
perp.fun uses embedded wallets via , so you can log in with X (Twitter), Discord, email, or a traditional wallet.
That means:
You don’t need to connect a wallet up front — it’s created for you in the background.
You’re still in full control of your account and funds.
This is different from app.perennial.finance, which uses your connected wallet directly.
How it works: perp.fun vs app.perennial.finance
perp.fun → Log in with X, Discord, wallet → Privy embedded wallet → Trades on Perennial protocol app.perennial.finance → Connect wallet directly → Trades on Perennial protocol
Every user gets a unique referral code. Share it with friends to earn 20% of the Petals they generate through trading. Find your code in the top-right menu — copy the one auto-generated for you, or make your own.
perp.fun runs entirely on top of the Perennial protocol — a custom-built rollup for perps, using an intent-based execution model with verified solvers and a derivatives AMM under the hood. Trades are gasless, settled instantly, and never require handing over custody.