Privacy model
Clear about what it hides, and what it can't
Mutexa hides a position's total size and liquidation price from public trackers, analysts, copy-traders and liquidation hunters. It is just as clear about where that protection ends.
What Mutexa hides
- Total position sizeTrackers see slices below whale-alert sizes, not the whole position.
- Liquidation priceSlices liquidate at different prices, so there is a band, not a line.
- The link between slicesFresh accounts, funded through a privacy rail, with no shared history.
- The link to your main walletNo deposit connects a slice to the wallet you hold assets in.
Hidden from
Public trackersAnalystsCopy-tradersLiquidation hunters
What Mutexa does not hide
- Venues still see their own accountsMutexa hides positions from public trackers, not from the venues themselves.
- Clustering by timing is still possibleA skilled analyst can try to group slices by when they were opened. Jittered execution and fresh accounts make this harder, not impossible.
- Very large positions still move marketsSplitting hides who holds a position, not the market impact of trading it.
- Privacy has a costSplitting adds venue fees, and privacy rails add their own fees and delays.
- Integrator fees mark fillsWhere Mutexa collects fees through a venue's integrator or builder code, an observer can tell a fill came through Mutexa. Your cover is then the set of all Mutexa users.
Measuring privacy
Judge your privacy before you trade
- 01Tracker viewYour slices the way public trackers and analysts see them, before and after a trade.
- 02Linkability scoreA plain rating of how easily your slices could be clustered, with suggested fixes.
- 03Cost previewThe extra fees, bridge costs and time privacy adds, shown before you confirm.
Example
Linkability score
- FundingHard to link
Every slice funded through the rail
- Account historyHard to link
Fresh accounts this cycle
- TimingEasy to link
Slices opened close together
Suggested fix: Spread entries with a private TWAP
- SizeHard to link
Every slice below alert sizes
Design principles
Five rules behind every slice
- 1Stay on the venues with the liquidityTraders should not give up the deepest order books and pools to get privacy. Mutexa adds privacy on top of public venues instead of replacing them.
- 2No single line to huntA position should not have one public liquidation price. It should have a band, spread across accounts nobody can connect.
- 3Look ordinaryEach visible piece of a position should look like a normal user, below the sizes that trigger whale alerts.
- 4Keep the keys and the full picture on the deviceThe only place the whole position exists is the trader's own device.
- 5Be honest about the limitsPrivacy has costs and boundaries. Mutexa shows them before every trade.
The gap
Existing privacy tools don't hide an open position
Identity privacyNEAR Confidential Intents, BallastHides who is trading and where the capital came from. The position and its liquidation price still appear on the venue.
Transfer privacyRailgun, Hinkal, Privacy Pools, Solana shielding poolsHides deposits, withdrawals and balances, not open positions.
Private venuesAster Hidden Orders, Omni by VariationalPrivacy by moving to a different venue, with different liquidity.
Encrypted DeFi infrastructureFhenix, iExecSupports new protocols built on its own stack. It does not change what existing venues publish.
As of October 2026, no live product hides position size and liquidation price on existing public perps or lending venues, on any chain.
Ready to go unseen?
Get early access to the first venue, and read exactly what it hides and what it can't.
Non-custodial · Keys never leave your device · Independent audit before launch