Trade
perps

Perpetual futures, AKA perps or perpetual swaps, are a type of crypto derivative. In other words, perps are a way of trading crypto futures that let you speculate on the future price of a token without owning it. Go long if you think a token’s price will rise, or short if you think it will fall. If your bet is correct, you profit; if not, you take a loss. 

Unlike traditional futures, perpetual contracts do not expire, so you can hold your position for as long as you wish. Because perps use leverage, both gains and losses can be amplified. Using leverage increases the risk of liquidation, which happens when your collateral is lost due to adverse price movement. 

To go long on a cryptocurrency with MetaMask perpetual futures through Hyperliquid:

1. Open your position.

2. Choose long.

3. Tap confirm.

When you go long on a token’s price with MetaMask perps, you can profit from a rise in the cryptocurrency’s value. In other words, if the price of the token goes up, you can close your position at the higher level and keep that difference as profit. Because perpetual contracts don’t expire, you’re free to hold your trade for as long as you like, and exit when you choose.

To go short on a cryptocurrency with MetaMask perpetual futures through Hyperliquid:

1. Open your position.

2. Choose long.

3. Tap confirm.

If you go short on a token’s price via MetaMask perpetual futures, you can profit from a decline in the cryptocurrency’s value. In other words, if the price of the token goes down, you can close your position at a lower level, and keep that difference as profit. Unlike conventional futures, perpetual contracts don’t expire. You can keep your trade open for as long as you like, and exit when you choose.

MetaMask Mobile App supports access to Hyperliquid's perpetual trading service. Update MetaMask App on iOS or Android to version 7.56 or higher, and start trading perpetual futures on today. Perpetual futures are not supported on MetaMask Extension yet.

MetaMask Perps trading through Hyperliquid is available globally except in the following territories: Belgium; Ontario (Canada); UK; USA—as well as sanctioned countries under applicable law.

Open MetaMask, navigate to any perpetual market, and tap Add funds. You can deposit any token on any EVM chain, which will be swapped into USDC on Hyperliquid network. The transaction may take a few minutes to process. The minimum funding value is $10. Note: MetaMask doesn't charge any fee on these transactions.

You can fund your MetaMask perps account with any token on any EVM chain. Solana tokens are not supported yet.

All perpetuals trades within MetaMask are powered by Hyperliquid, a leading Perpetuals provider. You can trade over 150 tokens, including BTC, ETH, SOL, and more. (Note: Use of Hyperliquid is subject to their terms and conditions.) 

You can trade perpetual futures with Hyperliquid through the MetaMask Mobile App on iOS or Android version 7.56 or higher. For more details about the regions where you can trade perps on MetaMask, head to our Support Page.

• Fund your MetaMask perps account with any token on any EVM chain.

• The token to trade perps is USDC on Hyperliquid’s network; you’ll receive the equivalent amount.

• Bridging from Arbitrum to Hyperliquid’s network requires ETH network fees. If you don’t have any Ether, MetaMask will subtract network fees from the total amount of the token you selected to fund your perps account.

• MetaMask doesn’t take any fees on perps transactions.

• The max slippage fee is 0.5%.

• Once you have funded your perps account, decide whether to go long or short.

• Choose your leverage.

• Set your take profit order/stop loss order.

• Tap confirm, and you’re done.

Perpetuals trading involves trading contracts tied to the price moves of a token without owning token. It also allows you to trade with leverage, which means you can have a bigger exposure to the price than the collateral you put in, but you can also lose your collateral faster—as soon as the token price reaches your liquidation price.

Spot trading means buying the underlying token. You receive what you pay for and lose your investment if the token price drops to $0.

To trade perps, make sure you're using the latest version of MetaMask Mobile App. Getting started is easy. Just update MetaMask App on iOS or Android to version 7.56 or higher. You can fund your perpetuals wallet with any token on any EVM chain.