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

# Risks

## Is trading risky?

Yes. Perpetual Futures involve leverage and volatility risks similar to traditional futures but also include funding-rate-specific risks.

## Can I lose more than I invest?

Yes. Losses can **exceed initial margin** due to leverage.

## How does leverage affect risk?

Leverage amplifies both **profits and losses**, increasing overall risk.

## Funding Rate Risks

Because funding rates fluctuate, users are exposed to additional **cost and volatility risks**.

## Risk Management Tools

The exchange provides:

* **Real-time margin metrics**
* **Alerts** for margin calls and liquidations
* **Price bands** to limit ephemeral price spikes