In the OneKey Desktop App, you can trade perpetual futures through the embedded Hyperliquid platform, enjoying a convenient and secure derivatives trading experience.
What are Perps
Perps, short for Perpetual Futures, are a derivative similar to traditional futures, but unlike futures, they have no expiry date.
Perps are suitable for users who want to use leverage or short positions, for example:
If you are bullish on ETH, you can open a long to amplify gains;
If you are bearish on ETH, you can open a short to profit from price declines;
In the OneKey App, Perps trading is powered by Hyperliquid, allowing users to trade conveniently and securely within the App.
How to Trade Perps in OneKey
Open the OneKey Desktop App (v5.12.0);
Go to the Contracts module;
Select a trading pair (for example ETH/USDC-PERP);
Set the leverage and position direction (long or short);
Confirm the trade to start the position;
Trading Fees
When trading Perps via the built-in Hyperliquid page in OneKey, fees include the following:
Trading fees
Opening a position: total rate 0.065% (0.02% OneKey fee + 0.045% Hyperliquid base rate)
Closing a position: total rate 0.065% (0.02% OneKey fee + 0.045% Hyperliquid base rate)
Deposit and withdrawal fees
When depositing or withdrawing, fees are determined by the network gas fees at the time and Hyperliquid's charging standards;
OneKey does not charge any additional deposit or withdrawal fees;
Funding Rate
Perpetual contracts have no expiry date; to keep prices close to spot, a funding rate mechanism is used;
When the funding rate is positive, longs pay shorts; when it is negative, shorts pay longs;
The funding rate is dynamically calculated by Hyperliquid and settled periodically;
Risk Warning
Perps are high-risk derivatives; leverage can amplify both gains and losses. Please make sure you fully understand the risks and manage your positions prudently.