Flash Markets

Overview

Flash Markets are time-limited derivative contracts that function like perpetuals but with a fixed trading window. Using funding rates to maintain price alignment, these temporary contracts, or temps, enable agile market rotations. By focusing liquidity on the most relevant assets, Flash Markets enhance price efficiency and prevent fragmentation.

Key Concepts

Time-Limited

Flash Markets operate through time-limited contracts, referred to as temps. Temps function similarly to perpetual contracts while they are active—traders can open and close positions, use leverage, and manage risk as they normally would. However, each temp has a predefined expiration time. When the market closes, all open positions are automatically settled at the final mark price.

At expiration, a brief settlement phase occurs before the market is removed, ensuring a smooth transition to new trading opportunities.

Regular Asset Rotation

Flash Markets dynamically introduce and remove assets based on demand. New temps are listed frequently, while older or less popular assets are rotated out, ensuring traders always have access to timely, trending markets. By continuously focusing on in-demand tokens, this approach concentrates liquidity where it matters most, leading to deeper order books and tighter spreads rather than spreading liquidity thinly across inactive markets. This keeps trading fresh and ensures that only the most relevant assets remain available for trading.

Market Relevance

Flash Markets give the community something new to look forward to—whether it’s a highly requested asset or a token gaining momentum in crypto communities. By rotating in fresh tokens, Flash Markets keep the trading environment lively and relevant, encouraging traders to stay engaged and even offer input on which tokens should appear next.