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

# Perpetuals Specifications

- [Market Hours](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/market-hours.md)
- [Collateral Specification](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/collateral-specification.md)
- [Fees](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/fees.md): Flash Trade implements a dynamic fee structure across different asset pools. Understanding these fees is essential for optimizing your trading strategy.
- [Stop Loss/Take Profit Orders](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/stop-loss-take-profit-orders.md)
- [Limit Orders](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/limit-orders.md)
- [Max Profit](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/max-profit.md): Every position has a hard cap on how much profit it can realize. That cap is set when the position opens, based on how much collateral the pool sets aside to pay you out.
- [Liquidation](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/liquidation.md)
- [Margin Framework](https://docs.flash.trade/flash-trade/flash-trade-protocol/perpetuals-specifications/margin-framework.md)


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