Perpetual futures, or perps, allow you to speculate on the price of crypto assets without owning them directly. Unlike traditional futures, perps have no expiry.
You can hold a position indefinitely, as long as you maintain sufficient margin.
- Go long if you think the price of an asset will rise
- Go short if you think it will fall
Perps trading lets you trade with up to 40x leverage, where you can amplify your exposure and trade larger positions with less capital.
Prices are kept in line with the spot market through a funding rate mechanism, where traders periodically pay or receive funding based on market conditions.
HyperETH is an onchain perps platform powered by Hyperliquid, where all perps trades are fully onchain and settled in USDC.
Users can gain transparent, non-custodial access to a wide range of crypto assets. 
