Summary
Learn how eligible users place market perps trades on Hype, including asset selection, long or short direction, leverage, margin, and confirmation.
Placing a perps trade opens a position based on whether you think an asset price will rise or fall. At launch, Hype supports market orders for perps entry. Market orders fill immediately at the best available price.
To place a perps trade:
- Select the asset you want to trade.
- Choose your direction: long or short.
- Set your leverage.
- Enter the trade amount.
- Review the confirmation screen.
- Confirm the order.
Go long if you think the asset price will rise. Go short if you think the asset price will fall.
Leverage is selected in whole numbers, such as 1x, 2x, 3x, 5x, or 10x. The maximum available leverage depends on the asset. Higher leverage reduces the margin required to open a position, but it also brings the liquidation price closer.
The minimum position size is 15 USDC notional.
Before confirming, review the trade details carefully. The confirmation screen may show:
- Estimated entry price
- Margin locked as collateral
- Trading fee
- Estimated liquidation price
- Slippage or fill details
After confirmation, the order fills at the best available price and the position appears in your open positions with live profit and loss.
From an open position, you can monitor performance, add or remove margin, set take profit or stop loss levels, or close the position.
FAQ
What type of order opens a perps trade on Hype?
At launch, perps entry uses market orders.
What is the minimum perps position size?
The minimum position size is 15 USDC notional.
Can I go short on Hype perps?
Eligible users can open short positions when they expect a price to fall.
Related articles: Leverage on Perps, Take Profit and Stop Loss, Liquidation on Perps.
Legal Notice
Perpetuals ("Perps") are provided by third-party protocols and are not available to U.S. Persons (citizens, residents, or anyone located in the U.S.). Do not attempt to access perps from within the United States.
For purposes of these Terms, a "U.S. Person" means: (i) any natural person resident in the United States; (ii) any citizen or permanent resident of the United States, including any such person temporarily located outside the United States; (iii) any entity organized or incorporated under the laws of the United States or any state thereof; (iv) any estate of which any executor or administrator is a U.S. Person; (v) any trust of which any trustee is a U.S. Person; (vi) any agency or branch of a non-U.S. entity located in the United States; (vii) any discretionary or non-discretionary account held by a dealer or fiduciary organized, incorporated, or (if an individual) resident in the United States; or (viii) any entity organized or incorporated outside the United States that is formed by a U.S. Person principally for the purpose of investing in unregistered securities or derivative instruments. "United States" means the United States of America, its territories and possessions, any state of the United States, and the District of Columbia.
Representations and Warranties. By accessing or using Perps functionality, you represent and warrant that: (a) you are not a U.S. Person; (b) you are not accessing Perps from within the United States; (c) you are not accessing Perps on behalf of, or for the benefit of, any U.S. Person; (d) you will not use any VPN, proxy, anonymization service, location-spoofing technology, or other mechanism to conceal your location, misrepresent your residency, or circumvent geographic or eligibility restrictions applicable to Perps; and (e) you understand that these representations are material and that Hypeshot, Inc. is relying on them in providing you access to Perps functionality.
YOU ACKNOWLEDGE THAT PERPS TRADING CARRIES SUBSTANTIAL RISK OF LOSS. YOU HEREBY RELEASE AND HOLD HARMLESS HYPESHOT, INC. AND ITS AFFILIATES, REPRESENTATIVES, AGENTS, PERSONNEL, PARTNERS, LICENSORS, SERVICE PROVIDERS, OFFICERS, DIRECTORS, EMPLOYEES, AND CONTRACTORS (COLLECTIVELY, THE "COMPANY PARTIES") FROM ANY AND ALL LOSSES, DAMAGES, OR CLAIMS ARISING FROM OR IN CONNECTION WITH YOUR USE OF PERPS FUNCTIONALITY, INCLUDING BUT NOT LIMITED TO LOSSES FROM LIQUIDATION, LEVERAGE, MARKET MOVEMENTS, PROTOCOL FAILURES, OR THIRD-PARTY ACTIONS.