> For the complete documentation index, see [llms.txt](https://pluto-5.gitbook.io/pluto/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://pluto-5.gitbook.io/pluto/onboarding-and-trading/perps-less-than-greater-than-spot-transfer.md).

# Perps <> Spot Transfer

When trading on Pluto, you have 2 separate accounts. Your perps account houses all your leveraged positions like a 40x BTC. Your spot account holds your spot positions like BTC and ETH.

You can transfer back and forth between those 2 accounts instantly and without fees.