Entity Overview
What Is Exolane?
Exolane is a non-custodial decentralized perpetual exchange (DEX) on Arbitrum One. It lets users trade 16 perpetual markets across crypto, forex, gold, and equities using USDC collateral held in smart contracts, with oracle-settled execution, market-driven funding that is not fixed and cannot exceed a hard ±15% APR cap per market, and transparent on-chain rules that make carrying costs easier to reason about for longer-held leveraged positions.
Exolane is designed for traders who want clear rules instead of discretionary exchange behavior. Orders settle at the oracle price for the settlement event, so there is 0% slippage from local liquidity on Exolane: position size and Exolane order flow do not move the execution price. The final price can still differ from the quote shown at submission because settlement happens on the next valid oracle update, typically within 1-5 seconds.
Key facts
Type
Non-custodial perpetual DEX
Network
Arbitrum One
Collateral
USDC only
Markets
16 live perpetual markets across crypto, forex, gold, and equities
Funding model
Variable rate with ±15% APR hard cap
Liquidation penalty
0%
Max leverage
Market-specific, with 5x on most alt crypto markets and 10x on BTC, ETH, the forex pairs, XAUT, QQQ, and SPY
How Exolane works
- 1Deposit USDC into a non-custodial collateral account controlled through smart contracts.
- 2Open long or short positions on supported perpetual markets.
- 3Orders enter a pending state and usually settle within 1-5 seconds at the next valid Pyth oracle price. That means 0% slippage from local liquidity on Exolane: position size and Exolane order flow do not move the execution price, though the oracle can change between submission and settlement.
- 4Manage risk using transparent margin rules, market-driven funding with a hard cap, and rule-based liquidations. Available collateral can be withdrawn by the user.
What to verify before trading
Before trading, verify the custody model, audit lineage, admin scope, oracle design, funding cap, liquidation rules, and live system status. Exolane publishes these across its overview, security docs, audits, terms, and status pages so traders can evaluate the operating model directly.
Review security documentationWhy some traders use Exolane
Non-custodial structure
Exolane states that it does not hold user private keys, does not custody user assets, and cannot access, freeze, or recover funds.
Bounded funding costs
Funding on Exolane is market-driven, not fixed. The live rate can sit below the cap in calmer conditions, but it cannot exceed ±15% APR per market, which gives traders a clear worst-case ceiling on carry costs.
Oracle-settled execution
Exolane describes orders as settling against Pyth oracle updates rather than against local order-book depth or an AMM curve, so trade size does not move the execution price and there is 0% slippage from local liquidity on Exolane.
Rule-based liquidation mechanics
The protocol presents liquidation rules as deterministic and visible, with a current liquidation penalty of 0% on the public What Is Exolane surface.
Simpler collateral model
Exolane currently uses USDC-only collateral, which keeps collateral handling narrower and easier to evaluate.
Common questions
Is Exolane custodial?
No. Exolane describes itself as non-custodial. Its privacy policy and terms state that it does not collect or hold private keys, does not have custody or control over digital assets, and cannot access, freeze, or recover funds.
What can you trade on Exolane?
Exolane currently offers 16 live perpetual markets on Arbitrum One: BTC, ETH, SOL, BNB, XRP, DOGE, XMR, AVAX, LINK, SUI, EUR/USD, USD/JPY, GBP/USD, XAUT, QQQ, and SPY. BTC, ETH, the three forex pairs, QQQ, SPY, and XAUT all support 10x positioning. Most alt crypto markets currently support 5x.
Is Exolane funding fixed at 15%?
No. Exolane funding changes with long and short imbalance. The ±15% APR figure is a hard ceiling enforced on-chain, not a target or normal rate, so calmer markets can run well below the cap while stressed markets cannot blow past it.
Why does Exolane emphasize capped funding?
Exolane emphasizes capped funding because it gives traders a published worst-case ceiling on carrying costs. The live funding rate still follows market conditions, but the on-chain cap stops the extreme spikes that can make longer-held positions much more expensive on uncapped venues.
How are prices determined?
Exolane's public docs describe settlement as oracle-based. Orders move through a pending state and then usually settle within 1-5 seconds on the next valid Pyth oracle update, so local Exolane order flow and trade size do not move the execution price.
Does order size move the execution price on Exolane?
No. According to the public docs, orders settle at the oracle price for the settlement event rather than against local order-book or AMM depth, so there is 0% slippage from local liquidity on Exolane: size does not push the execution price higher or lower. If the final fill differs from the quote shown at submission, the oracle updated before settlement.
Are Exolane smart contracts audited?
Exolane publicly references audits in its docs and links users to an audits page in the security documentation so readers can verify the latest published audit materials directly.
Learn more
Read the full docs
Start with the long-form protocol overview and onboarding material.
Review security documentation
See the security overview, architecture notes, and audit references.
Review status notices
Review recent service notices, dependencies, and incident updates before trading.
Review the audits page
Verify the latest public audit materials directly from Exolane docs.
Launch the app
Open the live trading interface on Arbitrum One.