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Trade

Where a $5,000 long at 5x leaves your money

An example account holding $10,000 USDC. Margin is the order's size divided by its leverage, so this order needs about $1,000. Perps withdraws that much from the lending pool, plus a small buffer, and places the order in the same click.

Before the trade

Example
Supplied, earning$10,000

Long $5,000 of BTC at 5x

Example
Margin$1,000
Supplied, still earning$9,000

Closed, with $140 of profit

Example
Supplied again, earning$10,140

Leverage up to 40x

Every Hyperliquid perp, at the most leverage Hyperliquid allows for it. Higher leverage needs less margin, so more of your balance stays in the pool, and a smaller move against you liquidates the position.

Hyperliquid's minimum order is $10. Orders go straight to its order books.

One click, two actions

What Perps signs for you, with the agent key in your browser.
1 · Margin is withdrawn from the poolOpen
2 · The order is placed on HyperliquidSame click
3 · Margin and any profit are supplied backClose

Close, and it goes back to earning

When a position closes, the freed margin and any profit are supplied back to the lending pool automatically. A loss comes out of the margin, as on any Hyperliquid account.

Liquidations are Hyperliquid's: it runs them, and Perps can't stop or reverse one. Leverage can liquidate a position and lose all of its margin.

What a trade looks like in Perps

Open app

The ticket shows the margin an order will pull before you send it.

LongShort
Size$5,000
Leverage5x
Margin, from lending$1,000
Long BTC
Example order
The ticket

Size and leverage set the margin.

Earning3.52% live
$9,000.00
Supplied to Hyperliquid's USDC pool · Example, during a trade
Interest, hour by hour
While it's open

Everything but the margin keeps earning.

Position closed · example
Margin back$1,000.00
Profit+$140.00
Supplied again$1,140.00
Close

Margin and profit go back to the pool.