> For the complete documentation index, see [llms.txt](https://dyorhq.gitbook.io/docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://dyorhq.gitbook.io/docs/perpetuals/overview.md).

# Perps Overview

DyorHQ trades perpetual futures on **Perpl Trade**, the fully on-chain perpetuals order book on Monad. Your wallet talks to Perpl's exchange contract directly: your collateral sits in your own Perpl account, and every order is signed by you.

**Where:** Trade tab → **Perps** (or side menu → Perps).

<figure><img src="https://2315413579-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn3ZLa5CyOGEcKzuTuITR%2Fuploads%2Fgit-blob-f0d0d3ce4a9ccc988ae4e59be05f5b5200982da9%2Fdevice-mockup_1.5x_postspark_2026-09-27_15-12-37.png?alt=media" alt=""><figcaption></figcaption></figure>

## Markets

| Market    | Asset       |
| --------- | ----------- |
| BTC-PERP  | Bitcoin     |
| MON-PERP  | Monad       |
| ETH-PERP  | Ether       |
| SOL-PERP  | Solana      |
| HYPE-PERP | Hyperliquid |
| ZEC-PERP  | Zcash       |
| LIT-PERP  | Lighter     |
| VVV-PERP  | Venice      |
| TAO-PERP  | Bittensor   |
| PUMP-PERP | Pump.fun    |

Tap the market name at the top to open **Select Perpetual**, with search, mark price and 24h change per market. BTC is selected when you first open the tab.

## Key facts

|             |                                                                                                                                                                                                                           |
| ----------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Collateral  | **AUSD** (6 decimals). Deposit at least **10 AUSD** to open your account.                                                                                                                                                 |
| Margin mode | **Isolated** only (Perpl offers isolated margin only).                                                                                                                                                                    |
| Leverage    | Set per order with the leverage button. Default comes from Profile → Trading Preferences (2× out of the box). Each market caps leverage at 1 ÷ its initial margin fraction (for example 10× where initial margin is 10%). |
| Order types | Market (immediate-or-cancel at mark ± your slippage), Limit (Last or Mid price fill), with optional Take Profit / Stop Loss, Post-Only and Reduce Only.                                                                   |
| Fees        | Perpl's trading fee; the ticket estimates 0.069% of notional.                                                                                                                                                             |
| Funding     | Hourly. Positive rate: longs pay shorts. Shown with a countdown on the ticket.                                                                                                                                            |
| Data        | Exchange contract polled every 8 s; live order book and trades over Perpl's market-data feed; candles refreshed every 15 s.                                                                                               |

## The two views

A pill in the header switches between:

* **Chart**: TradingView candles (1m / 5m / 15m / 1h / 4h / 1D, default 1h) with your entry, liquidation and open-order levels drawn on, plus **Order Book** (with three price-grouping levels and the spread) and **Trades** tape.
* **Trade**: the order ticket.

Below both: **Positions**, **Orders**, **Assets** and **Trade History** tabs.

## The ⋯ menu

**Deposit AUSD**, **Withdraw AUSD**, **Portfolio** (your Perpl account value, volume, realized P\&L, win rate, fills and closed positions), and a live-data status line ("Live market data" / "Connecting…").

## Set-up checklist

1. Hold some **AUSD** (and MON for gas). If you only have MON, the Transfer sheet on Home can swap it for you on the way in.
2. **Deposit** at least 10 AUSD. Your first deposit opens your Perpl account. See [Deposit & Withdraw Collateral](/docs/perpetuals/deposit-and-withdraw.md).
3. Optional but recommended: connect **Perpl Trading** in Profile → Perpl Trading (a trading key, which unlocks Trade History and the Perps Portfolio history) and enable **One-Click Trading** (which additionally lets you place Take Profit / Stop Loss). See [One-Click Trading](/docs/perpetuals/one-click-trading.md).
4. Place your first order. See [Placing Orders](/docs/perpetuals/placing-orders.md).

{% hint style="warning" %}
Perpetuals are leveraged products. You can lose your entire margin on a position. Read [Risk Disclosures](/docs/resources/risk-disclosures.md).
{% endhint %}


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