> For the complete documentation index, see [llms.txt](https://docs.defined.fi/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.defined.fi/defined-docs/defined-beta/discovery-and-search/perps.md).

# Perps

Access Hyperliquid's perpetuals market directly from Defined. Trade with leverage, manage positions, and view real-time market data all in one interface.

<figure><img src="/files/zCdiqinMFPHkdrAulAzu" alt="" width="563"><figcaption></figcaption></figure>

#### Discovering Perpetual Assets

Add a **Discover Perpetual Assets** panel to browse available contracts (or use our [defaults](https://re.defined.fi/boards?utm_source=defined\&utm_medium=docs\&utm_campaign=Perps)). Filter by:

* **Trending** - Most active contracts by volume
* **Watchlists** - Your saved perps
* **Asset type** - Major crypto assets, altcoins, and more

Click any asset to view its perpetual chart, order book, and trading interface.

#### Trading Perps

Add these panels to trade perpetuals:

* **Trade** - Execute market and limit orders with leverage
* **Perpetual Chart** - Interactive chart with real-time data
* **Order Book** - Live order book and recent trades
* **Positions** - Manage open positions with real-time P\&L
* **Open Orders** - Track and cancel pending orders

#### Understanding Leverage

Perpetuals allow you to trade with leverage, meaning you can control larger positions with less capital. Higher leverage means higher risk;your position can be liquidated if the market moves against you.

Start with lower leverage (2x-5x) until you're comfortable with how perps work.


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