How Boshi works

A perpetual future(“perp”) is a contract that tracks the price of an asset with no expiry date — you can hold a position as long as you keep enough margin. On Boshi you take a directional bet on a market, choose how much leverage to apply, and your profit or loss moves tick-for-tick with the live price.

The interface uses two words for direction — Up and Down — because they read more clearly than “long” and “short.” Under the hood they are exactly that: Up is a long, Down is a short.

Four terms carry most of the weight across these docs:

Everything from here builds on these four. If a section gets dense, the glossary at the bottom restates each term in one line.

Opening a position takes three choices, made in the trade ticket on any market page:

1. Direction — Up if you think price will rise, Down if you think it will fall.
2. Amount — the margin you stake, in account dollars. Quick buttons fill 25%, 50% or your full balance.
3. Leverage — a slider from 1×up to that market’s cap. The ticket shows your resulting position size and an estimated liquidation price before you commit.

You open at the current price — that becomes your entry price. From then on the position’s value updates live with every price tick, both on the market page and in the terminal strip at the top of the app. Closing a position settles it at the price at that moment and returns your margin adjusted for the realized PnL. Open positions are listed under the chart, each with its live PnL and a one-click close.

Profit and loss is linear in the price move, the margin, and the leverage:

direction is +1 for Up and −1 for Down. In plain terms: your PnL is the position size (margin × leverage) multiplied by the percentage the price has moved in your favour.

Liquidation

Your margin is a cushion. When an adverse move grows large enough that the loss equals your entire margin, the position is automatically closed and the margin is gone. That threshold is a fixed percentage move against you:

So the estimated liquidation price is:

Boshi checks this on every price tick and force-closes any position whose margin has been consumed, so a liquidated position can never go below a total loss of its own margin. The trade ticket previews the liquidation price before you open, and each open position shows how far it currently sits from that line.

Every market has its own maximum leverage, tuned to how volatile the asset is — the deepest, most liquid markets (BTC, ETH) allow the most, thinner ones less. You can trade anywhere from 1× up to that cap in 0.1× steps.

The caps are listed per market in the Markets table below and shown as a badge on every market row and detail page.

Funding

In perpetual futures, a funding rate is the periodic payment between longs and shorts that keeps the contract price tethered to the underlying spot price. When the rate is positive, longs pay shorts; when negative, shorts pay longs. Boshi surfaces the current funding rate as a live stat on each market so you can read market positioning at a glance.

Fees

Boshi charges no trading fees. When you close a position your margin is returned in full, adjusted only by your realized PnL. There is no spread markup, no open/close commission, and no gas cost for trading — trades are simulated against live prices, not settled on-chain.

Boshi is explicit about where every number comes from. Each market is tagged with its source, shown as a small badge everywhere the market appears:

The on-chain 24h caveat

Chainlink feeds on Robinhood Chain don’t expose a free 24-hour history. Rather than invent one, Boshi records real price samples locally over time and labels the change “since load” until a full 24-hour window of genuine samples exists. On-chain charts start short and fill in with real data as you use the app. Nothing is back-filled with fabricated candles.

Twelve markets are tradable today — three on-chain via Chainlink, nine from Binance market data. The feed address or trading pair each one reads is listed here:

Market	Source	Feed / pair	Max leverage
BTCBitcoin	On-chain (Chainlink)	0xa2c5…0251	6×
ETHEthereum	On-chain (Chainlink)	0x78F3…d3A9	4.5×
LINKChainlink	On-chain (Chainlink)	0xe86e…bce9	3.4×
SOLSolana	Market data (Binance)	SOLUSDT	2.6×
XRPXRP	Market data (Binance)	XRPUSDT	2.7×
DOGEDogecoin	Market data (Binance)	DOGEUSDT	2.7×
SUISui	Market data (Binance)	SUIUSDT	2.4×
LTCLitecoin	Market data (Binance)	LTCUSDT	3.7×
NEARNEAR Protocol	Market data (Binance)	NEARUSDT	2.8×
ZECZcash	Market data (Binance)	ZECUSDT	2.4×
BCHBitcoin Cash	Market data (Binance)	BCHUSDT	3×
SHIBShiba Inu	Market data (Binance)	SHIBUSDT	2×

You can browse every market, chart and price freely, but opening a position requires a connected wallet — the trade ticket prompts you to connect (and to switch to Robinhood Chain) before it will open a position.

Every account starts with a $10,000 balance. Sign in with a one-time wallet signature and your balance, open positions and history are stored server-side, so they survive a cache clear and sync across devices.

You can reset your account back to $10,000 from the Portfolio page at any time. Each wallet address keeps its own separate book, so switching wallets shows that wallet’s positions.

Boshi runs on Robinhood Chain, an EVM network whose native gas token is ETH. Your wallet reads its balance and identity here; on-chain markets read their Chainlink feeds here. The full connection parameters:

Boshi only operates on this one network. If your wallet is pointed elsewhere, the app prompts you to switch to Robinhood Chain (adding it if needed) and keeps the trading interface in view-only mode until it’s connected to the right chain.

Connecting a wallet does two things and nothing more: it identifies your account and reads your public on-chain balance. Sign-in uses a standard Sign-In with Ethereum message — a single signature that proves you control the address. That signature never authorizes a transfer.

• No deposits, withdrawals, or custody — Boshi cannot move your funds.
• No approval prompts for token spending — trading touches nothing on-chain.
• Only injected browser wallets are supported; no third-party connect relays.
• The app ships with a strict Content-Security-Policy and HTTPS-only headers.

Leveraged trading carries real risk of loss. Leverage amplifies both gains and losses, and a position can be fully liquidated by a relatively small move against it — at 6×, a 16.7% adverse move wipes out the margin. Prices depend on external sources (Chainlink and Binance) that can lag, pause, or move sharply, and a liquidation is executed at the price available at that moment.

Only trade with amounts and leverage whose behaviour you understand. Nothing on Boshi is financial advice.