Perps Trading on Zerion

"Perps" is short for perpetual futures and it’s a type of derivative that lets you speculate on the price of an asset without actually owning it. Unlike traditional futures contracts or options, perps have no expiry date. You can hold a position for as long as you want, as long as your account is sufficiently funded.

This makes perps one of the most desirable instruments in crypto trading, especially for those who want to go long (bet the price goes up) or short (bet the price goes down) with leverage up to 40x.

1. Deposit
Add funds to your Perps account in Zerion to start trading. Choose the asset and network you wish to deposit from. This will be converted automatically into USDC shown in your Perps balance.
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2. Explore trending perps
Go to the Explore screen to see what's popular across tokenized assets like stocks, gold, and silver as well as BTC, ETH, and 250+ other crypto assets.
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3. Choose an asset
Find the asset you want to trade from the Explore or Perps screen. Click on the asset to review key details like current price, available leverage, and recent performance.
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4. Go long or short
Decide whether you want to go long if you think the asset price will rise, or short if you think it'll fall. Click the Long or Short button accordingly.
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5. Add leverage
Amplify your position size relative to your available deposit amount. Higher leverage means higher potential gains but also higher potential losses, so use it carefully.
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6. Set take profit and stop loss
Define the price levels at which your position automatically closes, based either on an absolute price or PnL percentage. Take profit locks in your gains while stop loss limits your downside.
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7. Track your positions & history
Go to the Perps screen to monitor your open positions and view the history of your perps trading activities.
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Position — Your active trade. A position reflects the asset you're trading, your direction (long or short), your leverage and current exposure.
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PnL (Profit and Loss) — The unrealized or realized gain or loss on your position, based on the difference between your entry price and the current price.
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Margin — Your collateral i.e. the amount of money backing your trade. Adjust your margin by adding or removing funds to control your liquidation price.
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Take Profit — A target price at which your position automatically closes to lock in gains. This can be set by PnL percentage or absolute price.
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Stop Loss — A price level at which your position automatically closes to cap your losses. This can be set by PnL percentage or absolute price.
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Leverage — A way to control a larger position with a relatively small amount of capital. For example, with 10x leverage you can open a $10,000 position with only $1,000 of your own funds.
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Size — The total value of your position, including leverage.
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Entry Price — The price at which you opened your position.
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Liquidation Price — The price at which your position is automatically closed to prevent further losses. This price shifts when you adjust your margin or position size.
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Funding Payments — The total amount you've paid or received while holding a position. Funding rates update periodically to keep perpetual prices aligned with the spot market.

Each time a position is created or modified, Zerion fee is applied on top of the 0.0432% Hyperliquid fee to trading perps. When withdrawing your deposit, a $1 withdrawal fee is applied by Hyperliquid. Crypto withdrawn are transfered on the Arbitrum network.