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Trade Bitcoin perps on

Trade BTC-PERP ↗

OCT 25, 2026

4 MIN READ

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BTC-PERP is the deepest market on Aevo and the one with the most ways to trade it. Take a leveraged long or short at up to 20x, attach options protection with PERPS+, or trade Bitcoin options directly in Easy Mode, all from one cross-margin account.

Mark price$80,240.43
Index price$80,251.2
Mark vs index-0.013%
Funding rate (1h)+0.0009%
24h volume$7.69M
Open interest$2.17M
Max leverage20x
SettlementUSDC

Snapshot from 25 October 2026. These figures refresh from the Aevo public API when it is reachable from this page. Funding is shown per one-hour funding period.

Figure 1 / Live

Index price, last 7 days

-2.07% over 7 days
7-DAY HIGH $84,788.6LOW $79,714.9

Hourly index prices over the 7 days to 25 October 2026. The chart refreshes from the Aevo public API when it is reachable from this page.

01

BTC options on Aevo

Metric

Value at the 5 October 2026 snapshot

Options open interest

$4.81M

Options open interest

$4.81M

Options 24h volume

$341.7K

Options 24h volume

$341.7K

Put/call ratio

1.82

Put/call ratio

1.82

Options on Aevo are European-style, cash-settled in USDC and expire at 08:00 UTC. A put/call ratio above 1 means more put open interest than call open interest.

02

BTC-PERP contract specifications

Parameter

Value

Underlying

Aevo BTC Index

Underlying

Aevo BTC Index

Contract size

1 contract = 1 BTC

Contract size

1 contract = 1 BTC

Price step

0.1 USDC

Price step

0.1 USDC

Amount step

0.001 BTC

Amount step

0.001 BTC

Minimum order value

10 USDC

Minimum order value

10 USDC

Quote and settlement

USDC. USDT accepted as collateral since 18 Aug 2026

Quote and settlement

USDC. USDT accepted as collateral since 18 Aug 2026

Funding period

1 hour

Funding period

1 hour

Initial margin

5% (20x maximum leverage)

Initial margin

5% (20x maximum leverage)

Maintenance margin

Maintenance margin

Liquidation fee

1% of liquidated position value

Liquidation fee

1% of liquidated position value

Source: Aevo BTC perpetual contract specification, October 2026.

03

Bitcoin in numbers

​21M

Maximum Bitcoin supply, fixed by the protocol

2009

Year the Bitcoin network launched, with the genesis block on 3 January

​4th

Halving in April 2024, which cut the block reward to 3.125 BTC

~85%

Share of global crypto options volume in BTC and ETH combined

04

What moves the price of Bitcoin?

  • Supply schedule. Issuance halves roughly every four years. The most recent halving was in April 2024.

  • ETF flows. US spot Bitcoin ETFs began trading in January 2024. By April 2026, open interest in options on BlackRock’s IBIT had passed Deribit’s.

  • Macro and liquidity. Rates, the dollar and equity risk appetite feed through to Bitcoin, often within hours.

  • Leverage. Liquidation cascades can push the price well past where news alone would take it.

05

Ways to trade Bitcoin on Aevo

Goal

Tool

Where

Leveraged long or short

BTC-PERP

app.aevo.xyz/perpetual/btc

PERPS+ Limit My Loss

Built into the perp ticket

Earn premium on a view you hold

PERPS+ Get Paid to Hold

Built into the perp ticket

Easy Mode or Pro Mode

app.aevo.xyz/option/btc

06

BTC-PERP liquidation price calculator

The calculator is preset to BTC-PERP’s 3% maintenance margin. At 10x, a fall of about 7% reaches liquidation in a simplified model, and at 20x about 2%.

Figure 2 / Interactive

Where does a leveraged position get liquidated?

Liquidation price83.00
Move against you17.0%
Initial margin20.0%
406080100120140160ENTRY 100LIQUIDATION 83.0LONG: LOSS RISK TO THE LEFT
Simplified isolated-margin model with an entry price of 100. It ignores fees and funding, which move the real liquidation price. Aevo’s standard perpetual maintenance margin is 3%.

07

Risks of a leveraged BTC position

  • Liquidation. The liquidation fee on BTC-PERP is 1% of the position’s value, charged on top of the loss.

  • Funding. Funding is exchanged every hour. When the perp trades above the index, longs pay shorts.

  • Gaps. Bitcoin trades 24/7, and so do liquidations.

Ready to trade Bitcoin?

BTC-PERP, BTC options and PERPS+ in one account.

Trade BTC-PERP ↗

WHERE TO GO NEXT

Browse every crypto perpetual market on Aevo with live mark and index prices, such as the Ethereum perps market. To trade perps with an options hedge built in, see the perps dex. New to funding and liquidation? Start with how to trade perpetual futures.

08

Frequently asked questions

What is BTC-PERP on Aevo?

+

What leverage can I use on BTC-PERP?

+

How often is funding paid on BTC-PERP?

+

What are the fees on BTC-PERP?

+

Can I hedge a BTC perp on Aevo?

+

Does Aevo have Bitcoin options?

+

Open the BTC perp

Up to 20x, hourly funding, USDC settlement.

Trade BTC-PERP ↗

MARKET

BTC-PERP

MAX LEVERAGE

20X

FUNDING

EVERY HOUR

FEES

0.08% TAKER, 0.05% MAKER

MARKETS / BITCOIN / BTC-PERP

Market pages are for information only and aren’t financial advice. Perpetual futures are leveraged and you can lose your full position. Live figures come from the Aevo public API and can change.