Three Steps to Open Your First Perps Position

What Are Perps?

Perps = Perpetual Futures

• Similar to futures, but without an expiration date
• You can go long (expecting price to rise) or go short (expecting price to fall)
• Use a small amount of margin to control a larger position (leverage)

Perps are suitable for users who want to:

• Amplify potential returns
• Profit from short positions during market downturns

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How to Open Your First Perps Position?

1) Enable Perps and Deposit Funds

Open the OneKey App → Go to “Perps” → Enable trading → Select a deposit token and complete the “Deposit”.

2) Choose a Trading Pair & Direction

Select a trading pair (e.g., ETH), set your leverage and position size, review the liquidation price, then choose to go long (bullish) or go short (bearish).

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3) Enter Margin & Place the Order

Confirm the order to open your position. You can view it anytime in your “Positions” section.

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Why Trade Perps on OneKey?

Get real-time notifications for opening, closing, and liquidated positions, along with advanced features such as market/limit orders and isolated/cross margin modes. With deep integration to the Hyperliquid engine, market data and order updates stay fast and stable for efficient trading anytime.

Invite your friends to earn rebates and enjoy fee discounts.  Learn more

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OneKey Perps Feature Highlights

Advanced Order Types Built Into OneKey

OneKey goes beyond basic market and limit orders. Here is what you can do:

• Market and Limit Orders with a "best price" (BBO) shortcut that lets you submit at the current best bid or offer in one tap.
• BBO Quick Order subscribes to real-time WebSocket best-bid/best-offer feeds, offering two modes: Counter-party price (fills instantly) and Queue price (waits for a better fill).
• Trigger Orders for conditional execution: set a trigger price, and the system automatically determines whether it is a take-profit or stop-loss, then sends a market or limit order when reached.
• TP/SL (Take Profit / Stop Loss) attached directly to open positions, always executed as market orders. The chart displays your position line and liquidation line so you can visualize exactly where your exits sit.

311+ Trading Pairs Across 8 Asset Classes

As of v6.0.0, OneKey Perps covers far more than crypto:

• Crypto (229 pairs): BTC, ETH, SOL, meme tokens, and more
• US and Global Stocks (45 pairs): TSLA, AAPL, NVDA, and others
• Precious Metals (6 pairs): Gold, Silver, Platinum
• Indices and ETFs (21 pairs): S&P 500, Nasdaq, and more
• Commodities (4 pairs): Crude Oil, Natural Gas
• Forex (3 pairs): EUR/USD, GBP/USD, USD/JPY
• Pre-IPO Tokens (3 pairs)

This means you can trade traditional finance assets alongside crypto, all from one self-custody wallet with no KYC.

Fee Transparency and Savings

OneKey's fee structure is designed to be the most transparent in the market:

• 0% wallet builder fee: OneKey charges zero on top of the venue fee. Compare this to Phantom (0.05%) or MetaMask (0.1%).
• Fee comparison popup shows you exactly how much you save versus competitors before you confirm each trade.
• Estimated savings display on the order confirmation page so you see the dollar amount saved per trade.
• Perps rebate dashboard tracks your cumulative fee savings and any referral earnings.

Risk Warning

Perpetual futures carry significant risk:

• Leverage can amplify profits and losses
• When the liquidation price is reached, your margin may be completely lost
• Always manage position size carefully
• Only trade with funds you can afford to lose

Want to learn more advanced Perps strategies? 👉 Click here