Trade 0+ perpetual futures with up to 50x leverage. Use referral code AWD for 4% off all trading fees.
No KYC required. Self-custody. The lowest fees in DeFi perpetuals.
Perpetual futures are derivative contracts that let you speculate on the price of cryptocurrencies without owning the underlying asset. Unlike traditional futures, perpetuals have no expiry date - you can hold positions indefinitely as long as you maintain sufficient margin.
Hyperliquid offers perpetual futures on 0+ cryptocurrencies with leverage up to 50x. The platform uses an on-chain order book on its own Layer 1 blockchain, combining the speed of centralized exchanges with the security of decentralized trading.
Your funds stay in your wallet. No exchange hacks, no withdrawal freezes, no counterparty risk. You control your private keys at all times.
Connect your wallet and start trading in minutes. No identity verification, no account approval delays, no geographic restrictions.
0.02% maker and 0.05% taker fees - competitive with centralized exchanges. Use referral code AWD for an additional 4% discount on all trades.
Funding rates are settled every hour instead of every 8 hours. This creates more arbitrage opportunities and fairer price discovery.
Funding rates keep perpetual futures prices aligned with spot prices. When the funding rate is positive, traders holding long positions pay those holding short positions. When negative, shorts pay longs.
On Hyperliquid, funding is calculated and paid every hour. High positive funding typically indicates bullish sentiment, while negative funding suggests bearish market conditions. Traders can earn funding by taking positions opposite to the prevailing market sentiment.
Use referral code AWD for 4% off all trading fees. No KYC, self-custody, instant deposits.
Trade on Hyperliquid