Perpetuals

Perps on Liquary are margined in USDC and settle on Hyperliquid.

Going long or short

Pick a market (e.g. HYPE, BTC, ETH, SOL), choose Long or Short, and size by typing an amount or dragging the percentage slider against your available margin.

Leverage & margin mode

Set leverage per market, from 1× up to the market’s maximum, in cross or isolated margin. Your leverage choice persists across sessions. See Margin & leverage for margin tiers and liquidation.

Managing positions

From the order panel and your Portfolio you can:

• Close a position at market, fully or partially.
• Flip it from long to short (or back) in one action.
• Attach a TP/SL bracket, by price or by the result you want in PNL $, Px % or ROI %; it auto-sizes as the position changes. See TP/SL brackets.
• Add or reduce size, with reduce-only orders to reduce.

Each position shows its size, direction and value, entry and mark price, unrealized PnL (USDC and ROE %), liquidation price, margin used and current funding. The chart overlays your entry, liquidation level and resting orders.

Funding

The order panel shows the current funding rate and a countdown to the next funding; what you pay or receive is tracked in your Portfolio under Funding.

Confirmation step

Liquary asks you to confirm a perp order when:

• the order is $10,000 or larger,
• leverage is 20× or more,
• or your liquidation price would sit within 5% of your entry.

The dialog names which one tripped.

Order types

Perps support market, limit, scale (ladder), chase, stop-loss, take-profit, trailing stop, TWAP and flip. See Order types.