> ## Documentation Index
> Fetch the complete documentation index at: https://docs.derivadex.com/llms.txt
> Use this file to discover all available pages before exploring further.

# DerivaDEX Docs

> Start here for the clearest path into DerivaDEX: understand the exchange, make a first trade, build an integration, and look up the rules.

DerivaDEX is a derivatives exchange for trading perpetual swaps, which are futures-style contracts with no expiry. These docs are built to help you get oriented quickly, make one successful trade, build against the APIs, and find the exact rules that govern how the exchange works.

## Start with the exchange

* [What is DerivaDEX?](/getting-started/what-is-derivadex) is the best first read if you want the platform in plain English before you touch the product.

## Make your first trade

* [Your First Trade on DerivaDEX](/tutorials/your-first-trade-on-derivadex) walks through wallet connection, collateral deposit, one-click trading, and a first position on testnet.
* [Your First API Trade on DerivaDEX](/tutorials/your-first-api-trade-on-derivadex) walks through a first programmatic trade on testnet with the Python client.

## Build against the exchange

* [API Reference](/api-reference) covers the REST and realtime interfaces, including authentication, rate limits, endpoint paths, and WebSocket channels.
* [How-to Guides](/how-to-guides) help with concrete tasks such as signing requests, encrypting them for the operator, and keeping sequencing separate from execution state.

## Look up the rules

* [Reference](/reference-public) is where to find trading specifications, margin rules, pricing inputs, funding logic, rate limits, errors, and event fields.

## Understand why it works this way

* [Explanation](/explanations) covers the exchange architecture, request lifecycle, and the role DDX plays in governance and operations.