Overview
What is Polymarket Perps?
Polymarket Perps are perpetual contracts on underlying assets (indices, commodities, crypto, equities) that never expire. Trade leveraged exposure without waiting for a prediction market to resolve.
Orders fill through an order book. A long profits when the underlying rises; a short profits when it falls. Per Polymarket's docs, Perps is in early access and requires a valid referral link or code like 01ugz8wp.
Go long
Profit when the underlying rises. Long BTC-USD if you expect Bitcoin up.
Go short
Profit when it falls. Short NAS100-USD if you expect the Nasdaq down.
Up to 20× leverage
Amplify exposure with margin. Equities and some alts cap at 10×.
No expiry
Perps trade continuously. Hold, manage, or close on your timeline.
Instruments
Every market you can long or short
All listed Polymarket Perps markets with leverage caps. Grouped by asset class: indices, commodities, crypto, and equities.
Indices
3Commodities
3Crypto
9Equities
19Parameters can change. Source: docs.polymarket.com/perps
Access
How the access code works
Your Polymarket Perps invite code is the c= parameter in the URL. Opening the link applies it to your account automatically.
- A code can be applied only once per account.
- Your account keeps the first code, with no switching later.
- You cannot apply your own code.
- Perps referrals are separate from prediction-market referrals.
Compare
Perps vs. prediction markets
Polymarket's flagship is event-based prediction markets: Yes/No shares on real-world outcomes. Polymarket Perps is a separate product: perpetual contracts on tradable underlyings with order-book trading and leverage.
You need a dedicated Polymarket Perps access code for Perps, even if you already trade prediction markets. Each product has its own referral program and portfolio view.
Unlike prediction markets, Perps let you short directly and use leverage, more like traditional perpetual futures than outcome shares.
Ready to trade Polymarket Perps?
Use our early-access link. Long or short BTC, ETH, SP500, gold, NVDA, and dozens more with leverage.
Get Perps access: 01ugz8wpFAQ
Common questions
The invite parameter in a Perps URL, e.g. 01ugz8wp in polymarket.com/perps?c=01ugz8wp. Opening that link grants early-access to Polymarket Perps.
Yes. Polymarket states Perps is in early access and requires a valid referral link or code. Without one, you cannot enter the Perps trading interface.
Indices (SP500, NAS100), commodities (gold, silver, oil), crypto (BTC, ETH, SOL, XRP), and equities (AAPL, NVDA, TSLA, MSFT, and more). See the full market list.
Yes. Both directions with up to 20× on many instruments (10× on equities and some alts). Leverage increases profit potential and liquidation risk.
No. Polymarket applies only the first Perps code your account receives. You cannot switch codes or apply your own code to yourself.
Based on Polymarket Perps docs: Overview, Markets, Referral Program. Not financial advice. Leveraged trading involves substantial risk.