Trade the relationship, not the direction.
SHEAR is a relative-value perpetual exchange. Long SOL, short ETH - in a single click, as one market-neutral position, repriced continuously on a real-time rollup.
- 50×
- max leverage
- 5ms
- block time
- 0 fees
- gasless sessions
Quant-grade relative value, retail can touch.
Pairs trading has driven flows for forty years using two positions and two margin accounts. SHEAR collapses it into a single perp on the relationship itself.
Exact market-neutrality
uPnL = side × notional × (Rₙₒw / Rₑₙₜᵣy − 1). One synthetic ratio instrument - path-independent, zero leg drift. Being right about the matchup pays even when the market is wrong.
Oracle-priced shared pool
Fills clear at the on-chain ratio against a single USDC LP pool - no order book, no vAMM, no price impact. The pool is the counterparty and earns fees plus funding.
Repriced continuously
Pyth feeds divided on-chain on a MagicBlock Ephemeral Rollup. Equity, margin and liquidation re-tick at oracle cadence - the chain confirms, the UI predicts.
Skew funding
The heavier side of open interest pays the lighter side and the pool, pushing the book toward balance. Mark = oracle index, so there's no premium to measure.
Crank liquidation
A per-block on-chain crank sweeps underwater positions, with a permissionless liquidate backstop. Conservative 5% maintenance margin and OI caps bound bad debt.
Gasless sessions
One approval mints a session key - after that, open and close are popup-free and fee-free. Zero ER fees make per-block cranking and rapid repricing effectively free.
Four steps from view to position.
Pick a pair
SOL-ETH, SOL-BTC or ETH-BTC. The instrument is the ratio R = BASE/USD ÷ QUOTE/USD.
Take a side
Long if you think the base outperforms the quote; short for the reverse. The market they share cancels out.
Trade gaslessly
Collateral and leverage in, one synthetic position out - settled on the rollup at the live ratio.
Win the matchup
PnL tracks the relationship, not the direction. Close any time; the pool settles instantly.
Take a view on the matchup.
Connect a wallet, claim test USDC, and open your first ratio perp - gasless, on devnet.