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chart-linePerpetuals

The Perps page on Trojan Terminal, powered by Hyperliquid, lets you trade perpetual futures, monitor markets, view funding rates, and manage your orders.

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Fund Your Perp Wallet

Before you can trade, you'll need to move funds into your Perp Wallet.

  • Click the Transfer Button button

  • Select the source wallet.

  • Choose the amount to transfer,

  • Click the green button to proceed.

Your Perp Wallet balance will update when the transfer completes.

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You'll need at least the minimum deposit shown to start trading.

Transfer funds panel in Perps used to quickly convert SOL to USDC to be used for Perps collateral.

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Pick Your Play

a slice of the Assets list. Accessed via the dropdown menu in the upper left of the Perps page.
Blood in the water? Perps let you ride the waves. Are you Long or Short? Your call.

Once your wallet is funded you can choose what to trade

  • Use USDC from your Perp Wallet as collateral to long or short coins or tokens.

  • Click the asset dropdown menu Button showing the currently selected asset, and dropdown arrow to access the list of tradable assets. to see the full list of markets available for perpetual trading.

  • Review live market data before entering a trade.

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Place Your Order

Ready to enter a position? Here's how:

First Choose a direction:

  • Long: Profit when price increases.

  • Short: Profit when price decreases.

Next, set your leverage:

  • Use the leverage slider or enter a multiplier manually.

  • Note that different assets may have different maximum leverage limits.

Enter order details:

  • Choose Market or Limit order type.

  • Select your Margin Mode. Cross shares margin across trades, while Isolated keeps each position separate.

  • Enter your position size in USDC Either as Buy Amount (collateral) or Order Value (total leveraged exposure). The asset equivalent on the right updates accordingly.

  • To switch between these modes, tap the small circle icon next to the input field.

  • (Optional) Set Take Profit (TP) or Stop Loss (SL) parameters for risk management.

  • Click Long (Asset) or Short (Asset) to confirm your trade.

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Your position size equals your collateral × selected leverage.

The actual trade panel for Perps
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Switch margin modes to control risk per position or across your entire account.

Margin mode panel

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Manage Positions & Orders

View your perps orders in the tables on the bottom of the page.
After placing an order, your live and historical trades are tracked in a table directly below the chart.

Positions Tab:

  • Shows all open perpetual positions, with key metrics like size, entry price, mark price, unrealized PnL, funding, and liquidation price.

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Tip: Watch your liquidation price closely—if the market moves against your position, consider reducing leverage or adding margin.

Active Orders Tab:

  • Lists all pending limit or stop orders. You can edit or cancel them directly from this view.

Trade History Tab:

  • Provides a complete record of executed trades, entry/exit prices, and PnL.

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Additional Features

The Perps Page includes several advanced tools and insights.

Funding countdown.
Shows the current funding rate and time until the next payment between longs and shorts.
Market metrics
Market Metrics: View 24h volume, open interest, and funding rate above the chart for quick market context.
Small slice depicting the star beside an asset used to add that asset to your perps watchlist.
Tap the star to add an asset to your perps watchlist

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