Module 01 / Foundations
Perp Fundamentals
- Lessons
- 4
- Study time
- 31 min
- Record
- On device
Place your first trade without fear.
Leverage, margin, funding, liquidation — the mechanics every Novex trader must internalize.
1
Lesson 1
What Are Perpetual Futures?
Explain what a perp is, what you actually hold, and why perps dominate crypto trading.
2
Lesson 2
Leverage & Margin
Compute notional, margin, and the real meaning of leverage as distance-to-zero.
3
Lesson 3
Funding Rates
Read a funding rate, know who pays whom, and use it as a crowd gauge.
4
Lesson 4
Liquidation Mechanics
Know where liquidation actually sits, why it is worse than a stop, and how to keep it irrelevant.