# Trading Specs

- [Perpetuals](/docs/trading-specs/perpetuals.md): An overview of Perps
- [Margin & Leverage](/docs/trading-specs/margin-and-leverage.md): Understanding Margin, Leverage, and Liquidation.
- [Liquidations and Auto-Deleveraging](/docs/trading-specs/liquidations-and-auto-deleveraging.md): How liquidations and auto-deleveraging work.
- [Fees](/docs/trading-specs/fees.md): A note on fee structures.