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1. Create an API key

Open API Key Settings, name the key, and copy the secret when it appears. Funding Perpetuals stores only its cryptographic hash, so the secret cannot be shown again.

2. List your accounts

Copy the id of the challenge account you want to trade.

3. Find a market and request a quote

Market IDs contain a pipe character. URL-encode it when it appears in a path:

4. Place a market order

Use the quote’s mid as expected_price. This value records what your client observed; the server still prices and validates the order from a fresh, authoritative book.
An accepted order begins as pending. Read the order endpoint until it becomes filled or rejected; use a sensible backoff and observe the documented rate limits.

5. Place advanced orders

The same /v1/orders endpoint also accepts limit, chase, stop, take, and external conditional orders. TWAP, VWAP, and scaled ladders use their own parent resources. Continue with Trading with the API for request shapes and lifecycle operations.