How to Trade Perpetual Futures on RabbitX | Step-by-Step 2024

Introduction

RabbitX is a decentralized perpetual futures exchange built on Starknet, offering zero gas fees, deep liquidity, and up to 50x leverage. It combines spot trading, perps, and lending into one seamless platform. This guide walks you through the process of trading perpetual futures on RabbitX in 2024.

Step-by-Step Guide to Trading Perpetual Futures

1. Set Up a Wallet: Use a Starknet-compatible wallet like Braavos or Argent. Connect it to RabbitX via RabbitX Connect.
2. Fund Your Account: Deposit USDC or ETH from your wallet into RabbitX. Starknet’s Layer 2 ensures fast, gasless transfers.
3. Choose a Market: Navigate to the trading dashboard and select a perpetual pair (e.g., BTC-PERP, ETH-PERP).
4. Place an Order: Use limit or market orders. Set leverage (up to 50x) and collateral amount. Confirm the trade.
5. Monitor & Manage: Track your position, margin, and funding rates. Use stop-loss and take-profit tools for risk management.
6. Close or Adjust: You can close your position manually or adjust leverage and collateral as needed.

Spot Trading and Lending on RabbitX

• Spot Trading: Swap assets directly with real-time price discovery and minimal slippage.
• Lending: Use multi-asset collateral to borrow funds or earn yield through RabbitX’s integrated lending vaults.

Comparison with Vertex Protocol

Vertex Protocol is a hybrid DEX on Arbitrum offering spot, perps, and lending with centralized exchange-level speed. It uses a central limit order book (CLOB) and AMM liquidity, enabling cross-margining and composability [source].

• RabbitX: Starknet-native, zk-rollup order book, permissionless access, zero gas trading.
• Vertex Protocol: Arbitrum-based, hybrid CLOB/AMM, cross-margining, deep liquidity pools.

FAQs About RabbitX

• Q1: What is RabbitX?
  A: RabbitX is a decentralized perpetual futures exchange on Starknet offering spot, perps, and lending with zero gas fees.
• Q2: How do I connect my wallet to RabbitX?
  A: Use a Starknet wallet like Braavos or Argent and connect via RabbitX Connect.
• Q3: What leverage does RabbitX offer?
  A: RabbitX supports up to 50x leverage on major trading pairs.
• Q4: Can I lend or borrow assets?
  A: Yes, RabbitX supports multi-asset collateral and integrated lending vaults.
• Q5: Is RabbitX better than Vertex Protocol?
  A: RabbitX focuses on Starknet-native trading with zk-tech, while Vertex offers hybrid liquidity and cross-margining on Arbitrum.

Conclusion

RabbitX is transforming DeFi trading by offering a permissionless, gasless, and high-leverage platform for perpetual futures. With integrated spot markets and lending, it provides a complete trading ecosystem on Starknet. Whether you're a beginner or a seasoned trader, RabbitX delivers the tools and speed to thrive in 2024’s decentralized markets.