LongOnly Overview

LongOnly is an innovative zero-funding-rate perpetual contract protocol developed by Pure.cash. It is designed to revolutionize the cost structure for traders holding long positions. With zero funding rates, they can open and hold leveraged positions just like holding spot assets.

Key Features

Zero Funding Rate

LongOnly eliminates the funding fees typically incurred by long positions, making it significantly more cost-effective for bullish traders. The zero funding rate mechanism is a key innovation that sets LongOnly apart from other perpetual contract products. Traditionally, perpetual contracts implement funding rates to keep contract prices aligned with the spot prices. These rates are typically positive, resulting in costs for long position holders.

LongOnly's zero funding rate mechanism allows users to hold leveraged long positions without any holding costs, just like holding spot assets. This feature attracts both traditional long-position traders and those who generally leverage through lending markets.

Built on Ethereum

Fully on-chain, leveraging Ethereum’s robust security and vast ecosystem for trustworthy trading