In the OneKey App, you can trade perpetual futures via the integrated Hyperliquid platform, enjoying a convenient and secure derivatives trading experience.
What are Perps
Perps, short for Perpetual Futures, are a type of derivative similar to traditional futures, but unlike futures, they have no expiration date.
Perps are suitable for users who want to trade with leverage or short the market. For example:
If you are bullish on ETH, you can open a long position to amplify your returns;
If you are bearish on ETH, you can open a short position to profit as the price declines;
In the OneKey App, Perps trading is powered by Hyperliquid, allowing users to trade conveniently and securely within the App. Below are some useful tools that may be used during trading.
How to trade Perps in OneKey
Open the OneKey Desktop App (v5.12.0);
Go to the Futures module;
Select a trading pair (e.g., ETH/USDC-PERP);
Set the leverage multiplier and position direction (Long or Short);
Confirm the trade to start holding the position;
Understanding Perpetual Futures (Perp) Trading
P&L (Profit & Loss): Your profit or loss calculated in USDC.
TP/SL (Take Profit/Stop Loss): Preset levels to take profit or stop loss.
ROI (Return on Investment): Your profit/loss as a percentage of your margin since opening the position.
Size (Position Size): The total value of your position (Margin multiplied by leverage).
Margin: The amount of USDC you have committed to this position.
Direction: Whether you are long or short, and the leverage multiplier used.
Long: Your position profits when the price increases. If you believe the price will rise, go long.
Short: Your position profits when the price decreases. If you believe the price will fall, go short.
Entry Price: The token price when you opened or added to your position.
Liquidation: When your margin can no longer cover losses, the system will automatically close the position, and you will lose your margin.
Liquidation Price: If the token price touches the liquidation price, your position will be automatically closed to avoid further losses. This price will change when you add to or reduce your position.
Funding Payments: The total amount you pay or receive to keep your position open. Funding payments are settled between longs and shorts every hour to help keep the perpetual contract price aligned with the spot market price.
Fees
When users trade on OneKey Perps, Trading Fees and Builder Fees will apply.
Trading Fees
Trading fees are charged by Hyperliquid and follow Hyperliquid's official fee model.
Trading fees are calculated based on the user's trailing 14-day trading volume and are settled at the end of each day (UTC). Sub-account volume is counted towards the master account, and the master account and all sub-accounts share the same fee tier. Vault volume is calculated separately from the master account. Referral rewards apply to the user's first $1 billion in volume, and referral fee discounts apply to the user's first $25 million in volume.
Maker rebates are distributed to the trading wallet in real-time as each trade is executed. Users can claim referral rewards on the Referrals page.
Perpetual Futures Fee Tiers
Tier | 14d weighted volume ($) | Taker | Maker |
0 |
| 0.045% | 0.015% |
1 | >5M | 0.040% | 0.012% |
2 | >25M | 0.035% | 0.008% |
3 | >100M | 0.030% | 0.004% |
4 | >500M | 0.028% | 0.000% |
5 | >2B | 0.026% | 0.000% |
6 | >7B | 0.024% | 0.000% |
Staking Tiers
Tier | HYPE staked | Trading fee discount |
Wood | >10 | 5% |
Bronze | >100 | 10% |
Silver | >1,000 | 15% |
Gold | >10,000 | 20% |
Platinum | >100,000 | 30% |
Diamond | >500,000 | 40% |
Builder Fees
Platform Type | Common Trading Fee |
Centralized Exchange (CEX) | 0.10% - 0.20% |
OneKey Perps | 0.05% |
HIP-3 Asset Details
Growth Mode Disabled
User trading fees are 2x the fees for validating perpetual markets; see official documentation
OneKey Builder fees remain unchanged
Growth Mode Enabled
All Growth Mode perpetual markets enjoy an 80% fee discount. Applies to all HIP-3 assets (e.g., XYZ, FLX, etc.)
Discounts will take effect automatically once a HIP-3 deployer enables Growth Mode
OneKey Builder fees remain unchanged
Fee Summary at the Highest Fee Tier
Total Fee = Hyperliquid Fee (variable) + OneKey Builder Fee
Hyperliquid Fee Category | Taker | Maker |
Perps (Tier 0) | 0.045% | 0.015% |
HIP-3 (Growth Mode Disabled) | 0.090% | 0.030% |
HIP-3 (Growth Mode Enabled) | 0.009% | 0.003% |
Other Potential Fees
OneKey does not charge any of the following fees.
Withdrawal Fees
Fees incurred during withdrawals are determined by on-chain network gas fees and Hyperliquid's withdrawal rules
Funding Rate
Perpetual contracts have no expiration date. To keep the contract price close to the spot price, the system uses a funding rate mechanism
When the funding rate is positive, longs pay shorts; when the funding rate is negative, shorts pay longs
The funding rate is dynamically calculated by Hyperliquid and settled periodically
Risk Warning
Perps are high-risk derivatives, and leverage can amplify both gains and losses. Please ensure you fully understand the risks and manage your positions reasonably.
FAQ
How to avoid receiving risky USDC during trades?
USDC Contract Blocklist: The platform regularly checks blocklisted addresses in the USDC contract. If a blocklisted address is detected, the system will prohibit related transactions to prevent risky USDC from entering the platform.
Transaction Tracing Function: Hyperliquid can trace the origin of all deposited and withdrawn funds to ensure they are clean. If USDC is exchanged during trading, the platform can still trace its source to prevent the introduction of risky USDC.
What is "slippage" in contract trading, and how to deal with it?
Slippage refers to the difference between the expected price and the execution price when placing an order. Hyperliquid, aggregated by OneKey, is currently the decentralized exchange with the highest trading volume and liquidity in the market. Hyperliquid uses smart order execution technology to dynamically select the best execution strategies based on market conditions, reducing the likelihood of slippage. This strategy intelligently analyzes market conditions and adjusts execution methods to minimize price deviation for large orders.