Spot Trading

Aurora Spot

Spot trading on Aurora is the direct exchange of one asset for another at the current market price, known as the spot price.

For example, in the BTC/USDT market, a trader can purchase 1 BTC at the prevailing spot price and pay the equivalent amount in USDT, or sell 1 BTC and receive USDT in return.

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Spot vs. Perpetuals

• Spot Trading In spot markets, traders are buying and selling the actual tokens. Holding BTC after a spot trade means you own BTC in your Aurora account, and your gains or losses depend directly on BTC’s price performance.

• Perpetuals Trading In perpetual markets, traders are not exchanging the underlying asset itself. Instead, they trade perpetual contracts that track the asset’s price.

  • Going long lets traders profit when prices rise.

  • Going short lets traders profit when prices fall. Importantly, traders never need to hold the actual token — perpetuals are purely exposure to price movement, with margin and PnL handled through the Aurora Clearinghouse.

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This way, Aurora offers both spot markets for direct asset ownership and perpetual markets for leveraged directional trading, giving traders flexibility to choose the style that fits their strategy.