> For the complete documentation index, see [llms.txt](https://docs.pancakeswap.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.pancakeswap.finance/trade/perpetual-trading/perpetuals-trading-new/perpetual-trading-faq.md). # Perpetual Trading FAQ ### **What is PancakeSwap Perpetuals?** PCS Perps is a perpetuals trading product built on Aster's orderbook infrastructure with a PCS-native frontend. It supports up to 200× leverage on BTC and major pairs, and is accessible directly from your wallet with no bridging or separate account setup. ### **Which mode should I use — Simple or Pro?** It depends on how you like to trade. Simple Mode is built for speed — set your size, pick your leverage, and tap UP or DOWN to open a position instantly. Pro Mode is for traders who want more control: limit orders, TP/SL configuration, and full position management. If you're new to perps or just want to move fast, start with Simple. You can switch to Pro at any time without affecting your open positions. ### **Do I need to create an account or complete KYC?** No. PCS Perps is fully onchain. Connect your wallet and you're ready to trade — no account creation, no KYC, no deposits to a custodial platform. ### **What's the difference between Simple Mode and Pro Mode?** Simple Mode is built for fast directional trades — one tap to go long or short with preset sizes. Pro Mode gives you full control with advanced order types, TP/SL, and position management tools. You can switch between modes at any time. *** ### **What fees does PancakeSwap Perpetuals charge?** There are two components to your trading fee on PCS Perps: 1. **Aster base fee** — charged by Aster's orderbook infrastructure on every trade 2. **PCS builder fee** — charged by PancakeSwap on top of the Aster base fee Both are deducted automatically at the time of your trade. *** ### **What are Aster's fee rates?** Fees vary by contract type: **USDT-Perpetual Contracts** | Order Type | Fee Rate | | ---------- | -------- | | Maker | 0% | | Taker | 0.04% | **USD1-Perpetual Contracts** | Order Type | Fee Rate | | ---------- | -------- | | Maker | 0% | | Taker | 0.005% | For more details related to Aster fees please refer to this doc here: [LINK](https://docs.asterdex.com/trading/perpetuals/fees-and-specs) ### How does Aster determine which user is from PancakeSwap and which user is from their own website? This is based on the platform where users trade. If users open and close trades on , they will be considered PancakeSwap user. ### PancakeSwap builder fee Fees for PancakeSwap Perpetuals as follows:
ModeBuilder Fees
All trades0.03%
### **Which jurisdictions are restricted from using the product?** Users located in or accessing the service from the United States of America, Canada, the United Kingdom, China, North Korea, South Korea, Russia, Ukraine, Cuba, Iran, Venezuela, or Syria are not permitted to use the product. Access may be restricted or blocked in accordance with applicable compliance and regulatory requirements. --- # Agent Instructions This documentation is published with GitBook. GitBook is the documentation platform designed so that both humans and AI agents can read, navigate, and reason over technical content effectively. Learn more at gitbook.com. ## Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation by asking a question. Perform an HTTP GET request on the following URL with the `ask` and `goal` query parameters: ``` GET https://docs.pancakeswap.finance/trade/perpetual-trading/perpetuals-trading-new/perpetual-trading-faq.md?ask=&goal= ``` `ask` is the immediate question: it should be specific, self-contained, and written in natural language. `goal` is what the user is ultimately trying to achieve, the reason they need the answer. Sharing it helps GitBook give you a better, more relevant answer. A goal is most helpful when it describes the outcome the user wants rather than restating the question. For example, with `ask=how do I create an API token`, a goal like `automate deployments from our CI pipeline` lets GitBook tailor the answer to that use case. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.