Perps

01.xyz is N1's native perpetual futures exchange, integrated directly inside the N1 App.

01 connects into the interface to enable seamless trading without needing to switch apps when moving between perps, options, and other markets on N1.

What perpetual futures are

Perpetual futures ("perps") are derivative contracts that track the price of an asset without an expiry date. Traders can go long or short with leverage, and positions remain open indefinitely as long as margin requirements are met.

No expiration — Positions do not settle at a fixed date. Funding payments keep the contract price anchored to the underlying asset.

Leverage — Traders can amplify exposure using margin.

Mark price — A fair price used for PnL calculation and liquidations.

Funding rates — Periodic payments exchanged between longs and shorts when the perp price deviates from spot.

Why 01 is integrated into the N1 App

01 is the native perpetuals DEX built on N1. Inside the N1 App, traders get direct access to the full 01 perps engine with native performance, deep analytics, and deep liquidity. The integration allows traders to seamlessly switch between perps, Atomics, and options so they never miss a trade.