Options made easy

PERPS+ are one-click trade enhancers that attach options strategies to your perpetual futures positions. Instead of manually navigating options markets, selecting strikes, and managing separate legs, PERPS+ lets you protect, monetize, or bound your perp trade with a single action.

Every PERPS+ enhancer works by automatically buying or selling options under the hood, matched to your position's size, direction, and your chosen risk parameters. You don't need to know anything about options to use them.

The Three Enhancers

PERPS+ launches with three enhancer types, each designed around a different trading intent:

Enhancer	What It Does	Cost	Best For
Limit My Loss	Caps your maximum loss at a level you choose	One-time premium (paid upfront)	Traders who want downside protection without giving up profit potential
Get Paid to Hold	Pays you a premium upfront in exchange for capping your maximum profit	You receive premium	Traders willing to trade some upside for guaranteed income
Lock My Range	Caps both your maximum loss and maximum profit	~$0 (premiums roughly offset)	Traders who want a fully defined risk/reward before entering

Each enhancer works on both long and short perp positions. The underlying options mechanics are mirrored accordingly (details in the next section).

Key Rules

• One active enhancer per asset. You can only have one PERPS+ enhancer attached to a given perp position at a time. To attach a different one, close the existing PERPS+ option position first.

• Duration selection. Every enhancer lets you choose an expiry window — 1 week, 2 weeks, 1 month, or 2 months. Longer durations generally cost more (for Limit My Loss) or pay more (for Get Paid to Hold).

• Range limits by duration. The percentage you can set on the slider depends on the chosen duration. Shorter expiries have tighter ranges to ensure the underlying options trade into liquid strikes:

  Duration	Range
  1 Week	5–8%
  2 Weeks	5–10%
  1 Month	5–15%
  2 Months	5–20%

• Auto-matched to your position. PERPS+ automatically sizes the options leg(s) to match your perp's notional value and direction. No manual configuration needed beyond choosing the enhancer type and your risk parameter.