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Forex perpetuals: trade EUR/USD and USD/JPY with USDC
SilkDEX lists 2 forex perpetuals — EUR/USD and USD/JPY — margined and settled in USDC, with leverage of up to 50x. The standard fee is 0.1% maker / 0.1% taker. Prices follow forex market hours: Sunday 17:00 to Friday 17:00 New York time.
- 2 currency pairs
- Up to 50x
- USDC margin
- 24/5 pricing
Trade EURUSD-USDC →All markets
Both markets
| Market | Tracks | Max leverage | Funding | Price hours | Listed by |
|---|---|---|---|---|---|
| EURUSD-USDC | EUR/USD | 50x | 8h | 24/5, Sun 17:00 – Fri 17:00 ET | Orderly |
| USDJPY-USDC | USD/JPY | 50x | 8h | 24/5, Sun 17:00 – Fri 17:00 ET | Orderly |
From Orderly's public API as of 2026-10-13. Live prices, funding rates and volume are in the trading terminal.
Trading hours and prices
- EURUSD and USDJPY follow forex market hours: Sunday 17:00 to Friday 17:00 New York time.
- Trading stays open 24/7. While the underlying market is closed the terminal shows “Market off”: you can still trade, but the index price is frozen at its last value, liquidity is thinner and prices can gap at the next open. More on market hours →
Who lists these markets, and where prices come from
EURUSD and USDJPY are listed by Orderly Network, with an index price built from Pyth, Finage and TraderMade.
Before you trade
- Liquidity in these markets is far thinner than in BTC or ETH. Check order-book depth and 24h volume in the terminal before you size a trade, and consider splitting large orders.
- A perpetual is a derivative that tracks the price: you don't own the underlying asset and get no dividends or voting rights.
- Leverage magnifies losses. If the price reaches your liquidation price, the position is closed and you can lose all its margin.
FAQ
Can I trade forex on SilkDEX?
Yes. SilkDEX lists 2 forex perpetuals — EUR/USD and USD/JPY — margined and settled in USDC, with leverage of up to 50x.
When do the forex perps trade?
Trading is open 24/7, but prices follow forex market hours: Sunday 17:00 to Friday 17:00 New York time. While the underlying market is closed the terminal shows “Market off”: you can still trade, but the index price is frozen at its last value, liquidity is thinner and prices can gap at the next open.
Where do the forex prices come from?
The index price of EURUSD-USDC and USDJPY-USDC is built by Orderly Network from Pyth, Finage and TraderMade.
What are the fees and funding on forex perps?
The standard fee is 0.1% maker / 0.1% taker on the notional value of each fill (1 USDC on a 1,000 USDC taker fill); open positions also pay or receive funding. Funding is exchanged every 8 hours.
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