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

# mirage market

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the mirage market is a decentralized perpetual futures exchange allowing **easy-to-use, slippage free trading**. a wide range of assets can be traded: crypto, commodities, currencies, and eventually stocks.

the market has all the features a trader expects: **high leverage, market and limit orders, take profit & stop loss, built-in bridge and swap functionality, and frequent listings** to keep up with a fast-paced market.&#x20;

mirage offers the **fastest and cheapest perps experience** by leveraging the Aptos blockchain and implementing a [fair fee structure](/mirage-market/funding-and-fees.md). users from popular alternatives will see up to a 20x decrease in fees with faster execution and zero slippage.

to trade on the mirage market, a user needs mUSD in their wallet. **all trades are settled in mUSD**. [native swapping](broken://pages/Sh85f2tzHOaxi6Pcw1TX) makes it easy for traders to obtain mUSD and trade out of it without having to [mint it](/musd/vaults.md) themselves.