Arcus Perps

Our assessment

Arcus holds $20m on a single chain and scores 4.3, joint lowest among the fifteen perpetuals venues in this comparison. No audit report was retrievable at a public address, and the transparency and documentation indicators returned almost nothing.

Why we include venues that score badly

A ranking that only lists what we can recommend is a marketing page. Including protocols with thin evidence and saying so is the more useful service: readers encounter these venues through incentives and referrals, and the question they need answered is what can be verified about them. Here the answer is very little.

Nothing here is an accusation

We have not found evidence of misconduct and we are not alleging any. The score describes an absence of published material, which is a different claim. A protocol that publishes an audit report, operator details and fee documentation at stable addresses would score far higher on the same contracts.

The floor for using unaudited derivatives

Small positions, low leverage, no idle collateral, and an assumption that exiting during volatility will be worse than entering. If those constraints make the trade uninteresting, that is the constraint telling you something about the risk.

Who it suits

On published evidence, most readers should choose from the audited venues in this table — GMX, Avantis, Ostium, GMTrade or Pacifica. Arcus suits users already active in its ecosystem who have reviewed the contracts themselves.