FAQ

What is a stock perp?

A stock perp is a contract on the price. You never own the underlying share. Closing the position is how you leave it.

Why do prices move on weekends?

Outside US hours the reference price holds at the last close. The perp keeps trading, so its price can move away from it until the market reopens.

How much leverage can I use?

Each market publishes its own cap. The ticket will not offer more than that cap. Equities and commodities are not the same.

Can I use this everywhere?

No. Hyperliquid and the market deployer decide where the product can be offered. If your region is restricted, the desk will not open a live position.

What can I lose?

Perps are leveraged and can lose more than you expect. You don't own the underlying share.