> For the complete documentation index, see [llms.txt](https://docs.extended.exchange/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.extended.exchange/extended-resources/trading.md).

# Trading

For information only. Eligibility and jurisdictional restrictions apply. Trading involves risk of total loss. See the Terms, Risk Statement and Restricted Countries.

Extended offers leveraged perpetual markets across crypto and real-world assets (RWAs), alongside crypto spot trading.

Markets trade under two execution models:

* **Order book markets**
* **RFQ markets** - see [RFQ Execution](/extended-resources/trading/rfq-execution.md).

The pages in this section cover accounts and margin, order types and execution, fees, liquidations, funding, oracle pricing, and the full market specifications for each asset class:

* [Trading Accounts and Modes](/extended-resources/trading/trading-accounts-and-modes.md)
* [Unified Margin and Balances](/extended-resources/trading/unified-margin-and-balances.md)
* [Order Types](/extended-resources/trading/order-types.md)
* [Order Cost](/extended-resources/trading/order-cost.md)
* [RFQ Execution](/extended-resources/trading/rfq-execution.md)
* [Trading Fees and Rebates](/extended-resources/trading/trading-fees-and-rebates.md)
* [Liquidation Logic](/extended-resources/trading/liquidation-logic.md)
* [Funding Payments](/extended-resources/trading/funding-payments.md)
* [Oracle Prices](/extended-resources/trading/oracle-prices.md)
* [Crypto Markets](/extended-resources/trading/crypto-markets.md)
* [RWA Markets](/extended-resources/trading/rwa-markets.md)