Features
Overview
Celeris has an order matching engine built to support complex markets or financial instruments such as perpetuals and options at scale.
Using a batch-based matching system across all markets, Celeris can perform low-latency on-chain order matching that entirely eliminates front-running.
AMM-backed Orderbooks for Deep Liquidity and Zero Spreads
A key feature of Celeris is its decentralized order books, which are seamlessly integrated with liquidity pools and AMMs for spot and perpetual markets.
For perpetual pools, the AMM leverages real-time price feeds to concentrate liquidity around the index price, enabling large trades with zero slippage and no spread losses.
The liquidity provided by the AMM also coexists with traditional market makers, allowing traders to enjoy even deeper liquidity on the order book. Users can visualize liquidity from AMMs on the order book and use advanced charting and trading tools, like stop losses, to have a CEX-like experience.
Fast Batch-Based Matching
Trades on Celeris are executed almost instantly and are MEV-resistant, creating a fast and fair trading environment. Orders in each block are treated as a single batch and are cleared in a mini-auction at the end of each block.
This means all orders within a block are treated as having equal priority until they enter the order book.
For example, given an orderbook with a single ask at 3k, and a incoming bid for 4k and another at 3.5k, both bids will clear at the unit order price at 3k but the amounts will be prorated and divided up equally between the parties bidding for that quantity.
Celeris minimizes value extraction by adopting batch execution for its orderbook order matching mechanism.
This ensures everyone gets the same execution price, limiting front-runners to minimal profits since they can't exploit price differences between trades.
Capital Efficient
Celeris offers traders up to 50x leverage for better capital efficiency, but that's not all.
Celeris will also support cross-margin and multi-asset collateral in Q4 2025.
Cross-margin allows traders to use a single margin account to trade multiple contracts or markets simultaneously. This means that the margin balance in one position can offset the margin requirement for another position, effectively reducing the overall margin requirement.
For example, if a trader has a profitable position in one market, the unrealized profits can be used to cover the margin requirement for a position in another market. This allows traders to efficiently utilize their capital across multiple positions.
Multi-asset collateral support enables traders to use various tokens to open positions rather than being limited to USD. This flexibility allows traders to make use of their diverse portfolios, which may even consist of yield-bearing assets to meet margin requirements.
For instance, a trader holding Bitcoin, Ethereum, and stablecoins can use any combination of these assets as collateral, depending on their trading strategy and market conditions.
The combination of cross-margin and multi-asset collateral support enhances capital efficiency by:
Reducing the total margin required to maintain multiple positions across different markets.
Allowing traders to utilize their entire portfolio to cover margin requirements, rather than being restricted to a single asset.
Enabling traders to take advantage of market opportunities more effectively by using unrealized profits from one position to open new positions or maintain existing ones.
By offering deep liquidity, zero spreads, and capital efficiency, perp traders on Celeris can enjoy a trading experience even better than CEXs while still maintaining full custody of their assets.
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