Perpetual Futures (often called Perps) are a type of derivatives contract that allow you to trade the price movement of an asset without owning the underlying asset.
With Perps, you can go long or short and use leverage to increase your market exposure.
Through the DeFi Wallet Interface, you may be able to access third-party services that support Perpetual Futures trading. Perpetual Futures trading on Blockchain is powered by Hyperliquid, a high-performance decentralized derivatives protocol.
Perps are currently available on the Blockchain mobile apps (iOS and Android). Blockchain provides the interface only and does not operate such services, execute transactions, or act as a counterparty. Support for the web is coming soon.
How Perpetual Futures work
Unlike traditional futures contracts, perpetual futures do not have an expiration date. This means positions can remain open indefinitely as long as there is enough margin to support them.
Instead of expiry, perpetual futures maintain price alignment with the underlying asset through a mechanism called the funding rate.
Long vs Short
When trading Perps, you can take two types of positions.
Long position
You open a long position if you believe the price of an asset will increase.
Short position
You open a short position if you believe the price of an asset will decrease.
What is leverage?
Leverage allows you to control a larger position with a smaller amount of capital.
Example:
If you use 10× leverage, a $100 margin controls a $1,000 position.
While leverage can increase profits, it also increases risk and can lead to liquidation if the market moves against your position.
Maximum leverage depends on the specific market being traded.
What assets can I trade?
Blockchain.com Perps allow trading across 150+ markets, including major cryptocurrencies.
More markets may be added over time.
Powered by Hyperliquid
Blockchain.com Perps use Hyperliquid’s infrastructure and liquidity to execute trades and manage positions.
This allows users to access deep liquidity, high-performance trading, and low-latency order execution directly within the Blockchain.com app.
Important risks
Perpetual Futures trading involves significant risk due to leverage.
You may lose the entire margin used in a trade if your position is liquidated.
Before trading, make sure you understand leverage, liquidation, funding rates, and market volatility.