MODULE 01 · CORE ARC

Perp Fundamentals

Place your first trade without fear.

Leverage, margin, funding, liquidation — the mechanics every Novex trader must internalize.

⏱ 31 min+80 Learning XP

What Are Perpetual Futures?

Explain what a perp is, what you actually hold, and why perps dominate crypto trading.

Compute notional, margin, and the real meaning of leverage as distance-to-zero.

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Read a funding rate, know who pays whom, and use it as a crowd gauge.

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Know where liquidation actually sits, why it is worse than a stop, and how to keep it irrelevant.

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