Perpetual Orders

Trade with leverage up to 40x. Powered by Hyperliquid

Perpetuals (or "perps") are trading contracts that let you bet on token prices without owning the tokens.

• Go Long if you think the price will go up

• Go Short if you think the price will go down

Open a Long or Short Position

1

Go to Perpetuals

From the top menu, tap Perpetuals, then choose a token like BTC, ETH, SOL from the dropdown list

2

Choose Long or Short

• Long: You open a position expecting the price to go up

• Short: You open a position expecting the price to go down

3

Select Market or Limit

• Market: Enter at the current price

• Limit: Set your own entry price

4

Enter Buy Amount

Type how much USDC you want to use for this trade or use the slider to allocate a percentage of your available margin

5

Adjust Leverage

Tap the button to set your preferred leverage.

You can go up to 40x leverage for BTC

Note that setting a higher leverage increases the risk of liquidation

6

Set TP/SL (optional)

• TP (Take Profit): The price to close in profit

• SL (Stop Loss): The price to close and limit your loss

• Est. Liq. Price: The for your position

You can always edit your TP/SL later after opening the position

7

Confirm Your Position

Long BTC-USDC if going long or Short BTC-USDC if going short

Once submitted, your position will show up under the Positions tab. You can track, manage, or close it from there.

• Positions – your active long or short positions

• Open Orders – displays your pending limit orders

• Trades – shows your recent filled trades for that market

8

Go Looong or Short It 🚀

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Understanding the Positions Tab

Here’s a breakdown of what each column means and how to manage your position:

1. Asset - shows the token (BTC)

2. Position - whether your position is Long or Short, along with the size (0.00024 BTC)

3. Position Value - current USD value of your position, based on the live Mark Price

1. Entry Price - price where your position was opened

2. Mark Price - live reference price used for calculating PNL and liquidation

3. Liquidation Price - if the market hits this price, your position will automatically close to prevent bigger losses

1. Margin Used (PNL) - how much USDC you used to open the position; includes unrealized PNL in both USD and %

Click the ✏️ edit icon to add more margin. This will push your liquidation price further away and reduce risk

1. TP/SL - your Take Profit and Stop Loss settings

You can set or ✏️ edit these anytime after opening the position

1. Share - copy and share your PnL card 😎

2. Close - choose Market to close your position immediately at the current price. Limit lets you set a target exit price. The position will close only if the market hits it