BEAR.FUN — HOW IT WORKS
Updated October 31, 2026

See the other side of a price move.

Bear's preview explains the idea behind a short: a position that can gain
when a market price falls, and lose when it rises. You can explore market
data, try the illustration and join the beta today. Trading isn't open yet.

THE SHORT IDEA

Buying a coin gives you exposure to its price going up. A short takes the
opposite direction. Profit or loss depends on the price move and the costs
and terms of the position. A falling price does not guarantee a net profit.

Bear's trading model is still being developed. The preview explains price
exposure; it does not promise a particular borrowing or execution mechanism.

ONE EXAMPLE, TWO POSSIBLE OUTCOMES

Imagine $100 of initial short exposure:

  Price falls 20%  -> illustrative price P/L: +$20
  Price rises 20%  -> illustrative price P/L: -$20

P/L means profit or loss. These are separate alternatives from the same
starting point, not consecutive moves in one trade. The $100 is the exposure
at entry, not a required deposit, collateral amount or quoted order.

Both examples are before fees, borrowing costs, slippage and liquidation.
The calculator changes the illustration only. It doesn't place an order,
move a market, show an executable quote or pay out a displayed gain.

UNDERSTAND THE RISK

If the price rises, a short can lose money, and losses can grow beyond the
example shown. Fees and borrowing costs can reduce a gain or increase a loss.
Slippage means an actual trade can execute at a different price than expected.
Liquidation can force a position to close when its collateral is insufficient.
Execution, collateral and liquidation terms would depend on the final product.
The preview does not model these costs or events, or set a maximum loss.

WHAT YOU CAN DO TODAY

Explore read-only market previews and use the short illustration. Join the
beta with your email for updates and access announcements. You can optionally
name coins you would like to short; requests help us understand interest.

No wallet is needed for today's preview or signup. Trading, deposits, wallet
connections and wallet signing are disabled. Signup requires no payment or
token purchase and does not guarantee access, a listing or a launch date.

ABOUT THE MARKET DATA

Prices come from selected DEX Screener pools and are polled, with a visible
fetch time. Charts come from an external service. A recent fetch tells you
when Bear retrieved data; it does not guarantee a recent on-chain trade or a
price you could execute. The provider may be delayed or unavailable.

A watchlist entry is for exploration, not an available trade. Pool liquidity
is not short capacity. Any future supported market would need suitable
borrowing or counterparty capacity, execution and risk checks.

ABOUT THE FILM

The infographic uses fictional meme imagery and a what-if price example.
Its pump.fun reference provides memecoin-launch context only. Bear is
independent; the film does not announce an affiliation, integration or the
ability to short every pump.fun coin.

EXPLORE OR GET IN TOUCH

Visit https://bear.fun to explore the preview or join the beta.
Questions or signup-removal requests: hello@bear.fun