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Getting Started
5 min read
What is Settled?
Settled is a prediction market for crypto funding rates, built on Solana. Each market asks one question: will a specific perpetual futures funding rate be positive or negative at the next settlement? You buy YES or NO shares, and the winning side pays $1 per share at settlement.
Markets auto-create, auto-resolve, and auto-pay winners using live exchange data. No human oracles. No disputes. We cover 3,700+ perpetual futures across Binance, Bybit, KuCoin, Gate, and Hyperliquid. Our OU model, trained on 9.4 million historical settlements, sets the opening price for each market.
How do funding rate markets work?
Every perpetual futures contract pays a funding rate on a fixed schedule. On Binance, BTC/USDT settles every 8 hours. The rate keeps the perpetual price anchored to spot. When the rate is positive, longs pay shorts. When it is negative or zero, shorts pay longs.
Here is a concrete example. The market asks: "Will BTC/USDT funding rate on Binance at 16:00 UTC be positive?" YES shares trade at 73 cents. You buy 100 YES shares for $73. At 16:00 UTC, Binance publishes the rate. If the rate is positive (for example, +0.01%), YES wins. Each of your 100 shares pays $1. You receive $100. Your profit is $27, or 37% on your stake. If the rate is zero or negative, NO wins. You lose your $73.
How do I connect my wallet?
You need a Solana wallet and USDC to trade. Phantom is the recommended wallet.
- Install Phantom from phantom.app if you do not have it already.
- Click "Connect" in the top-right corner of Settled.
- Select Phantom from the wallet list.
- Approve the signature request in Phantom. This proves you own the wallet. No funds move at this step.
- Deposit USDC to your Settled account using the address shown in your profile.
- You are ready to trade.
Your funds are held in a non-custodial Anchor smart contract vault on Solana. Only you can withdraw your balance.
How do I place my first trade?
- Find a market on the homepage. Each card shows a symbol, exchange, and settlement time.
- Click the card to open the market detail page.
- Check the OU confidence score. It shows how strongly our model predicts the outcome.
- Click YES or NO based on your view of the funding rate direction.
- Enter your USDC amount. The panel shows your share count and potential payout.
- Confirm the trade. It executes instantly against the LMSR automated market maker.
- Wait for settlement. The market closes 5 minutes before the scheduled settlement time.
Trading fee: 1% per trade. No withdrawal fees on Solana.
What happens after settlement?
At settlement time, our oracle fetches the actual funding rate from the exchange API. It resolves the market YES or NO automatically, using 2-of-3 source consensus to prevent bad data.
Winners receive their USDC payout in their Settled balance within minutes. You do not need to claim or do anything. Open your portfolio page to see the outcome, your profit or loss, and your running win rate.
Ready to trade? → Open Settled