> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pocket.fi/llms.txt
> Use this file to discover all available pages before exploring further.

# Trading overview: spot and perps on Pocket

> Pocket supports spot and perpetual markets on a central limit order book. All fills settle on Pocket Chain and can be verified onchain.

Pocket supports **spot** and **perpetual (perps)** markets on a central limit order book (CLOB). All fills settle on Pocket Chain and can be verified in the explorers.

## Market types

<CardGroup cols={2}>
  <Card title="Spot" icon="coins">
    Buy or sell the base asset against a quote asset (for example, BTC/USDC). No leverage.
  </Card>

  <Card title="Perpetuals" icon="chart-line">
    Trade price exposure with leverage. Positions are margined in USDC. Funding payments balance long/short interest over time.
  </Card>
</CardGroup>

## Trade page layout

| Area        | Purpose                                         |
| ----------- | ----------------------------------------------- |
| Chart       | TradingView candlesticks, multiple timeframes   |
| Order book  | Live bids/asks and depth                        |
| Order panel | Side, size, price, leverage (perps), order type |
| Bottom tabs | Balances, positions, open orders, history       |

## Margin modes (perps)

| Mode         | Description                                                       |
| ------------ | ----------------------------------------------------------------- |
| **Cross**    | Shared margin across all cross positions                          |
| **Isolated** | Margin locked per position; supports add/remove margin on testnet |

## Testnet scope

| Capability                | V1 | V2      |
| ------------------------- | -- | ------- |
| Market / Limit orders     | ✅  | ✅       |
| Post-Only                 | —  | —       |
| Reduce-Only               | —  | Mainnet |
| Advanced stop / TP orders | —  | ✅       |
| TP/SL on order entry      | —  | ✅       |
| One-click close all       | —  | Mainnet |

## Before you trade

<Steps>
  <Step title="Complete onboarding">
    Go through [Getting started](/onboarding/getting-started) to set up your wallet and fund your account.
  </Step>

  <Step title="Check your balance">
    Ensure you have sufficient test USDC for the market you want to trade.
  </Step>

  <Step title="Set leverage and review risk">
    For perps, set leverage and review the estimated liquidation price before submitting an order.
  </Step>
</Steps>

## Related pages

<CardGroup cols={3}>
  <Card title="Order types" icon="receipt" href="/trading/order-types">
    Learn about market, limit, stop, and TP orders.
  </Card>

  <Card title="Take profit & stop loss" icon="shield-check" href="/trading/take-profit-stop-loss">
    Automate exits with TP and SL on perps.
  </Card>

  <Card title="Portfolio" icon="wallet" href="/trading/portfolio">
    Track balances, positions, and history in one place.
  </Card>
</CardGroup>