Trading overview

Synthetic perpetuals

Every Evergreen market is a perpetual contract: a position with no expiry date that tracks the price of a U.S. stock, ETF or commodity fund. You hold exposure to the price, not the shares themselves, so there are no share certificates, voting rights or dividends.

You can go long (profit when the price rises) or short (profit when it falls), with leverage from 1× up to 200×.

Pool-based execution

Evergreen doesn't match buyers with sellers. A shared liquidity vault takes the other side of every trade, so orders fill immediately at the market price rather than waiting for a counterparty. Liquidity providers fund the vault and earn from it. See Providing liquidity.

Prices

Positions are valued at the market's mark price, which follows the underlying asset. In the preview, prices come from live U.S. market data. During the regular U.S. session (Monday to Friday, 9:30 a.m. to 4:00 p.m. New York time) they update continuously; outside it, the webapp shows the last traded price and labels the session as closed.

Key numbers

Max leverage

200×

Trading fee

0.05%

Maintenance margin

0.25%

Default slippage

1%