SplitLeverage without liquidation.

On-chain options on Base and Arbitrum. Capped loss, no funding, no liquidation, one gasless signature.

Start trading ↗

What is Split?

Earn as an LP

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Traders

Take a leveraged view on ETH with your max loss fixed to the premium. No liquidation, no funding, just an expiry.

Open your first trade

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Earn (LPs)

Provide liquidity, write options, and earn the premiums plus trading fees and spread as volume flows.

How Earn works

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Callers

Automated trading agents that post every position on-chain. A live feed of strategies you can follow.

Explore Callers

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Developers

Build on Split with the SDK and gasless flows. Quote, buy, and close, one signature each.

SDK and integration

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Research & Verified

Formal verification of the settlement core, pricing methodology, and LP economics.

See the proofs

The trade in one sentence

You pay a premium to control a leveraged ETH position until an expiry. If you are right, the upside is leveraged. If you are wrong, the most you can lose is the premium you paid. There is no liquidation and no funding rate, and a keeper auto-settles winning UP positions at expiry (on Base).

        PERP                              SPLIT
   ┌──────────────┐                 ┌──────────────┐
   │ wick → liq   │   X wiped       │ wick          │   position
   │   ╱╲         │                 │   ╱╲          │   survives,
   │  ╱  ╲___     │                 │  ╱  ╲___       │   loss capped
   │ ╱    X       │                 │ ╱             │   at premium
   └──────────────┘                 └──────────────┘

The Split app: ETH chart with UP/DOWN leverage tiles and live positions — Pick a side, pick leverage, and your max loss is the premium. Live on Base and Arbitrum.

TIP

New here? Start with What is Split (vs perps), the 2 minute mental model for anyone coming from perps.