# Perpetuals Trading [NEW]

In PancakeSwap Perpetuals, we've rebuilt our trading experience from the ground up — powered by Aster infrastructure, optimized for high-leverage retail traders. Instead of managing your own bridging or dealing with fragmented liquidity, PCS Perps gives you a seamless, fully on-chain trading experience with deep liquidity and up to 200× leverage on BTC.

The new experience brings meaningful upgrades to PancakeSwap Perpetuals users:

### **Two Modes, One Product**

Not everyone trades the same way. Simple Mode lets you go long or short in a single tap with preset sizes — no configuration needed. Pro Mode unlocks limit orders, TP/SL, and full position management for traders who want more control. Switch between modes anytime without affecting your open positions.

### **Up to 200× Leverage**

PCS Perps supports up to 200× leverage on BTC — significantly higher than most retail perps products. This makes it one of the few platforms built to accommodate high-leverage trading behavior without forcing users onto a separate chain or interface.

### **CEX-Grade Execution, Onchain**

PCS Perps is powered by Aster's orderbook infrastructure, bringing deep liquidity and institutional-grade execution to a fully onchain trading environment. You trade directly from your wallet — no deposits to a separate account, no custodial risk outside of liquidation events.

### **Unified Wallet Experience**

Your spot and perps activity live in one place. PCS Perps integrates directly into the PancakeSwap interface, giving you a single wallet view across all your onchain positions.

### **AI Copilot**

The AI Copilot tab in the trading panel generates AI-powered trade ideas to help you decide your position direction. When your perp account is funded, the Copilot shows Long and Short idea cards with entry context — tap one to pre-fill the order form. When unfunded, it shows an empty state with a "Generate trade ideas" prompt. AI Copilot is available in both Simple and Pro Mode alongside the Order Book and Trades tabs.

### **CAKE VIP Fee Tiers \[Coming soon]**

Hold CAKE in your connected wallet to unlock fee discounts on every trade. More details coming soon.

### **Revenue Tied to CAKE**

20% of all perps trading fees is routed directly to CAKE burn, linking trading activity to long-term token value. The more volume on PCS Perps, the more CAKE is removed from circulation.