Perpetual futures liquidation mechanics
Learn about perps liquidation—what triggers it, how the price is calculated, and the impact of margin, leverage, and volatility.
Metamask Learn
Metamask Learn
Advanced | Perps
Understand perpetual futures: leverage, funding rates, liquidation, and how to trade them.
What is Hyperliquid?
Hyperliquid handles ~$195 billion in 30-day perpetual futures volume across 350+ markets. built on a custom blockchain. Learn how Hyperliquid works, how to trade on it, and how it ranks versus competitors.
A guide to perpetual futures funding mechanics and timing
Learn how often funding is paid in perpetual futures, how funding rates are calculated, and which trading strategies are most affected by these mechanics.
Understanding leverage and margin in perpetual futures trading
Learn how leverage, maintenance margin, and cross vs isolated margin work in perpetual futures trading.
How to monitor funding rate trends in perpetual futures
A structured workflow for tracking perpetual futures funding rates in real time—covering dashboards, predictive tools, cross-venue analysis, and corroborating signals.
A guide to cross vs isolated margin in perpetual trading
Explore leverage, margin types, liquidation risks, funding rates, and popular strategies for perpetual futures trading.
Stay ahead
of the curve
Get MetaMask feature updates and announcements straight to your inbox.