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Perpetual trading guides

The mechanics behind every perp DEX: funding, margin, liquidations, order books and the risk rules that keep you trading.

Risk managementFunding ratesOrder book trading

12 articles

Start & fees

Start here: Hyperliquid review 2026 — The full review: fees, safety, referral code and how to start.

General

Hyperliquid Taxes (2026): Perps, Funding & DEX Tax Reporting

Hyperliquid sends no 1099. How perp PnL, hourly funding, fees and the HYPE airdrop are taxed (IRS, HMRC, Japan NTA), CSV export steps and tax tools.

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Data tools

Start here: HypurrScan (hypurrscan.io): Hyperliquid Explorer for Any Wallet — Which explorer to use for fills, wallets, validators and transfers.

General

Hyperliquid Open Interest: Core vs HIP-3, ATH & Perp DEX Ranking

Hyperliquid open interest split into core perps and HIP-3 dexs, its history and all-time high, next to every perp DEX's OI and turnover, rebuilt every 6 hours.

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Apps & builder codes

Start here: Hyperliquid App: app.hyperliquid.xyz, Android & iPhone Options — Official web app, Android app and third-party apps compared by fee.

General

fomo App Review 2026: Is It Legit? Fees We Measured & 10% Off

Is fomo legit? Yes: a VC-backed, non-custodial US app. We checked its sign-up flow and six days of real perps fills. Fees: 0.50% spot, 0.45% with our code.

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Comparisons

Start here: Best perp DEXs compared (2026) — Every perp DEX we review, ranked with verified fees and leverage.

General

Best No-KYC Crypto Exchanges (October 2026): 9 Checked Picks

9 no-KYC exchanges re-checked Oct 21, 2026: connect a wallet and trade, no ID. Which countries their Terms bar, and how to swap or buy crypto without KYC.

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Perps basics

Start here: What Are Perpetual Futures? Perps Explained Simply (2026) — How perps work: funding, mark price, margin and liquidation.

General

What Are Perpetual Futures? Perps Explained Simply (2026)

Perpetual futures (perps, perpetual swaps) are futures with no expiry. How funding, leverage and liquidation work, with worked examples and real 2026 fees.

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What Is a DEX? How Decentralized Exchanges Work (2026)

A DEX (decentralized exchange) is a crypto exchange run by smart contracts, not a company: you trade from your own wallet. DEX vs CEX, fees, risks.

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What Is a Funding Rate in Crypto? Formula & Live Rates (2026)

A funding rate is what perp longs and shorts pay each other (positive = longs pay). The formula, what $10,000 pays per day, and live rates on 5 exchanges.

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Crypto Referral Programs 2026: What Each DEX Pays Referrers

What referrers earn on Hyperliquid, Aster, Lighter, dYdX and OKX DEX vs CEX sign-up bonuses: fee shares, payouts, catches and what one referee is worth.

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How to Short Crypto in 2026: 9 Ways + Bitcoin in Five Steps

How to short crypto: 9 ways compared (perps, margin, puts, inverse ETFs), how a bitcoin perp short works in five steps, with funding and liquidation math.

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Risk & strategy

Start here: Crypto Risk Management for Perp Traders: Rules & Checklist — Position sizing, stop placement and the rules that keep you trading.

General

Crypto Risk Management for Perp Traders: Rules & Checklist

Crypto risk management in numbers: 1% risk per trade, liquidation distance, BTC/ETH/alt correlation from real data, portfolio heat, venue and stablecoin risk.

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Funding Rate Arbitrage (2026): Live Scanner, Strategy & Bots

A live funding rate arbitrage scanner for Hyperliquid, Lighter, Aster, edgeX and Binance: break-even after fees, both strategies, bots and the risks.

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Best Time to Trade Crypto & Perpetual Futures (2026 Data)

Best time to trade crypto and perps: 13:00–17:00 UTC (9 a.m.–1 p.m. ET), the London–New York overlap. 30 days of Hyperliquid volume by hour, day and CPI/FOMC.

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