> For the complete documentation index, see [llms.txt](https://docs.imperial.space/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.imperial.space/trading/markets.md).

# Markets

Imperial lists 200+ perpetual markets. The list is live: when the underlying order book lists or delists a market, Imperial follows without an app release. The current list, with each market's leverage, is always available from the [API](https://docs.imperial.space/developers/api) at `GET /api/v1/armada/markets`.

| Category              | Examples                                                                                   |
| --------------------- | ------------------------------------------------------------------------------------------ |
| Crypto                | BTC, ETH, SOL, HYPE, XRP, BNB, DOGE, SUI, ZEC, plus memes (1000BONK, WIF, PENGU, FARTCOIN) |
| US equities & indices | AAPL, NVDA, TSLA, COIN, MSTR, HOOD, GOOGL, META; SPY, QQQ, US500, US100                    |
| Commodities           | XAU (gold), XAG (silver), WTI, BRENTOIL, NATGAS, XCU (copper), XPT, XPD                    |
| FX                    | EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD, USDCHF, USDKRW                                     |
| Rates                 | US10Y                                                                                      |
| Pre-IPO               | SPCX (SpaceX) and others                                                                   |

### TradFi and pre-IPO markets

Equity, commodity, FX and pre-IPO perpetuals give **price exposure only**. They are not shares or tokenized assets and carry no ownership, voting or dividend rights.

**Trading hours.** These markets trade around the clock, but when the underlying market is closed (weekends, holidays) the order book often drifts too far from the mark price to trade safely. At those times:

* New market orders are refused with a "market is closed" style message.
* Take profit, stop loss and other triggered orders stay armed and retry every few seconds until the book is tradable again.
* Open positions stay open, keep accruing funding, and **can still be liquidated** against the mark price.

> **Warning:** Prices can gap when a closed market reopens. Size TradFi positions with weekend and overnight gaps in mind.