Inside the OneKey Desktop App, you can use the embedded Hyperliquid platform to trade perpetual futures, enjoying a convenient and secure derivatives trading experience.
What are Perps
Perps, short for Perpetual Futures (perpetual contracts), 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 take short positions, for example:
If you are bullish on ETH, you can open a long position to amplify gains;
If you are bearish on ETH, you can open a short position to profit from price declines;
Perps trading within the OneKey App 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);
Enter the Contracts module;
Select a trading pair (e.g., ETH/USDC-PERP);
Set leverage and position direction (long or short);
Confirm the trade to open the position;
Trading fees
When trading Perps via the OneKey built-in Hyperliquid page, fees include the following:
Trading fees
Open position: total rate 0.065% (0.02% OneKey fee + 0.045% Hyperliquid base rate)
Close 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 prevailing network gas fees and Hyperliquid's fee schedule;
OneKey does not charge any additional deposit or withdrawal fees;
Funding rate (Funding Rate)
Perpetual contracts have no expiration; to keep prices close to spot, a funding rate mechanism is used;
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 is settled periodically;
Risk warning
Perps are high-risk derivatives; leverage can amplify both gains and losses. Please make sure to fully understand the risks and manage your positions responsibly.