Steyble Perps: Non-Custodial Leverage Trading Explained
Steyble Perps lets you trade perpetual contracts with up to 50x leverage without giving up custody of your funds. Here is how it works.
Perpetual futures are the most traded instrument in crypto with daily volumes exceeding $50 billion. Most perps trading happens on centralised exchanges (Binance, Bybit, OKX) that require you to deposit funds, completing KYC, and trust the exchange with your collateral. Steyble Perps removes all three requirements.
How Non-Custodial Perps Work
- Your USDC collateral is held in an audited smart contract — not on a central server
- Positions are opened and closed on-chain, fully transparent
- Liquidations are handled by the smart contract, not a customer service team
- No KYC required: connect wallet, deposit collateral, trade
- Steyble smart contracts audited by top security firms — audit reports publicly available
Key Features of Steyble Perps
- Up to 50x leverage on BTC, ETH, and 100+ pairs
- TP/SL, trailing stops, and portfolio margin supported
- Cross-margin and isolated margin modes
- Competitive funding rates, aligned with major CEX benchmark prices
- On-chain oracle price feeds from Pyth and Chainlink for manipulation resistance
Risk Management on Steyble Perps
Leverage amplifies both gains and losses. At 10x leverage, a 10% adverse price move wipes your entire position. Before trading perps, understand your liquidation price (shown before you submit each trade) and use position sizing that limits any single trade to 1–2% of your total account. Steyble's risk calculator shows the exact liquidation price for any collateral and leverage combination.