Trade perps.
Spend the profit.
Pryft is a perpetual futures exchange for tokenized stocks, ETFs and real-world assets on Robinhood Chain. You go long or short with up to 5x leverage, settle in USDG, and close whenever you like. There is no expiry date on a position.
Once your net realized profit reaches $25, you can issue the Pryft Card and spend your trading gains anywhere cards are accepted. The more you make, the higher your card's spend limit.
- Sign in with your wallet. No email, no password.
- Prices come from onchain USDG pools that trade around the clock.
- Your maximum loss on any position is the margin you put in.
Four steps
Click Connect wallet and sign a one-time message. Signing is free and never moves funds.
Send USDG on Robinhood Chain from your wallet. It is credited 1:1 as your USD balance.
Pick a market, choose long or short, set size and leverage, and open the position.
Close in profit. At $25 net realized profit, issue your Pryft Card from the Card tab.
71 markets
Every market is a Robinhood Chain Stock Token with a real USDG liquidity pool behind it, so every listed price is one someone could actually trade against. All markets allow up to 5x leverage.
Pricing, around the clock
The mark price for each market is read from its deepest onchain USDG pool, which trades 24/7, including nights and weekends. The chart and the mark always use the same source for a given market.
How a trade works
You enter size as USD notional, the total exposure of the position. The margin you lock is the notional divided by your leverage. Profit and loss are calculated on the full notional.
Costs
| Cost | Rate | When |
|---|---|---|
| Spread | 0.10% | Fill is shaded from mark on open and on close |
| Trading fee | 0.05% | Of notional, on open and on close |
| Funding rate | 0% | None. Hold as long as you like |
| Liquidation fee | 0% | No extra fee or spread on liquidation |
Longs buy slightly above the mark and sell slightly below it; shorts do the reverse. To open a position you need enough available balance for the margin plus the opening fee.
Your loss is capped
A position is liquidated when its unrealized loss reaches the margin you posted. When that happens you lose exactly your margin and nothing more, even if the price gapped further. Your other balance is never touched.
Limits
Every trade is checked against these limits before it opens. If a trade would break one, it is rejected with a message telling you which.
| Limit | Value |
|---|---|
| Leverage | 1X – 5X |
| Minimum position size | $5 |
| Maximum per position | $25,000 |
| Maximum total open, per trader | $50,000 |
| Maximum open positions, per trader | 20 |
Pryft also caps the total long-versus-short imbalance across all traders and keeps a reserve. Very large opens can occasionally be rejected when the platform is near those limits; smaller sizes usually go through.
Deposits & withdrawals
Deposit
Deposits are made in USDG, a dollar stablecoin, on Robinhood Chain (chain ID 4663). Send USDG from the wallet you signed in with to the deposit address shown in the app. Once the transfer confirms, your balance is credited 1:1 in USD.
- Send from the same wallet you are signed in with, or the deposit can't be matched to you.
- You need a little ETH on Robinhood Chain to pay gas for the transfer.
- Each transaction is credited once. If a deposit doesn't show, paste its transaction hash in the Account panel.
Withdraw
Withdraw any available balance, meaning funds not locked as margin in open positions. Withdrawals are paid out in USDG to your wallet at 1:1. Your balance is debited when you request, and if a payout ever fails, the amount is refunded to your balance.
Profit becomes
spending power
The Pryft Card is unlocked by trading well. Once your lifetime realized profit reaches $25, the Card tab shows Get your card.
- Lifetime profit is net: wins minus losses, liquidations included. Make $50 then lose $30 and you're at $20, not yet eligible.
- Your tier upgrades automatically after a profitable close crosses the next threshold. Tiers never go down.
- One card per trader. Full card details are only ever shown to you, the signed-in owner.
Insights
The rules above, turned into the numbers that actually matter when you're deciding how to trade.
Spread 0.10% each way plus fee 0.05% each way. The price needs to move about 0.30% in your favour just to break even, no matter your leverage.
Costs are charged on notional, so at 5x a round trip eats about 1.5% of the margin you posted, versus 0.3% at 1x. Frequent in-and-out trading at high leverage adds up fast.
At 2x you can absorb a 50% move. Single stocks can move 20% on earnings; for positions you hold through big news, lower leverage keeps you in the trade.
$1,000 at 5x is $5,000 notional. A move of roughly 0.8% covers the ~$15 in round-trip costs and books about $25 profit. Remember the $15 fee and $10 funding also come out of your balance.
Many perp venues charge funding every few hours. Pryft doesn't, so costs are the same whether you hold for a minute or a month. Longer, higher-conviction trades are cheaper here.
Because prices come from onchain pools, you can react to weekend news before traditional markets open, in both directions. Plan for gaps: liquidation is capped at your margin.
Position calculator
Try a position before you open it. Numbers use the fee, spread and liquidation rules on this page and are estimates.
FAQ
Do I own the underlying stock?
No. A perpetual future gives you price exposure, long or short, without holding the asset. You settle profit and loss in USD, credited from USDG.
Can I lose more than I deposit?
No. Each position's loss is capped at the margin you posted for it. Liquidation settles at exactly that margin even if the price moves further.
Why was my trade rejected?
Usually it's one of: not enough available balance for margin plus the opening fee, a size outside $5 to $25,000, your total open exposure passing $50,000, 20 positions already open, or the market's price being stale. The error message says which.
Is there a funding rate?
No. You pay the spread and a 0.05% fee when you open and when you close. Holding a position costs nothing extra.
Does my card tier ever go down?
No. Tiers only upgrade. If you later have losing trades, your spend limit stays at the highest tier you reached.
Which wallet should I use?
Any browser wallet that supports Robinhood Chain, such as MetaMask or Rabby. The app will ask to add or switch to the network when you connect.
Where can I get help or updates?
Follow @TryPryft on X for announcements and support.