> For the complete documentation index, see [llms.txt](https://docs.coin98.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.coin98.com/products/coin98-super-wallet/mobile/futures.md).

# Coin98 Futures (Perps)

### What is Coin98 Futures (Perps)?

Coin98 Futures (Perps) is a derivative trading product that lets users speculate on crypto prices without owning the underlying asset. Traders can open leveraged positions, aim to profit from both rising and falling markets, and trade through a native experience in Coin98 Super Wallet powered by Hyperliquid infrastructure.

Perpetual futures do not have an expiration date, so positions can remain open as long as margin requirements are met. Because leverage increases both potential gains and potential losses, Coin98 Futures (Perps) should be used with careful risk management.

### How does Coin98 Futures (Perps) work?

Coin98 Futures (Perps) works by letting traders deposit collateral, choose a market, and open a position based on whether they expect the price to rise or fall.

#### How does leverage work in Coin98 Futures (Perps)?

Leverage allows traders to control a larger position with a smaller amount of capital. This can increase potential profit, but it also increases the size of losses if the market moves against the position.

#### What is the difference between a long and a short position?

A long position aims to profit when the asset price rises. A short position aims to profit when the asset price falls. Coin98 Futures (Perps) supports both directions, which allows traders to seek opportunities in bullish and bearish market conditions.

#### How does the funding mechanism work?

Coin98 Futures (Perps) uses a periodic funding fee to help keep perpetual contract prices aligned with the spot market. This mechanism helps reduce large price gaps between the derivative contract and the underlying asset price.

### What are the key features of Coin98 Futures (Perps)?

* **Native integration in Coin98 Super Wallet:** Users can trade directly inside Coin98 Super Wallet without switching to an external platform.
* **Powered by Hyperliquid:** Uses Hyperliquid infrastructure for fast and efficient order execution.
* **Mobile-friendly trading experience:** Designed for trading on mobile devices with a streamlined interface.
* **Advanced order tools:** Users can manage positions with Take Profit and Stop Loss orders.

Perpetual contract structure: Positions do not expire on a fixed date, which supports continuous trading.

### Benefits of Perpetual Futures Trading

1. Trade without owning the underlying asset
2. Access higher capital efficiency through leverage
3. Potentially profit in both bull and bear markets
4. Continuous trading without expiration dates
5. Manage risk with order tools such as Take Profit and Stop Loss.

### What risks should you consider before trading Coin98 Futures (Perps)?

Coin98 Futures (Perps) involves significant risk because leverage and crypto volatility can amplify losses as well as gains.

* **Liquidation risk:** Positions can be automatically closed if margin requirements are not maintained.
* **Market volatility:** Crypto prices can move quickly and sharply, which may lead to large gains or losses in a short time.
* **Leverage risk:** Higher leverage increases exposure and can magnify losses more quickly than spot trading.
* **Funding costs:** Funding fees may affect the overall profitability of a position over time.

Before trading, users should understand how margin, liquidation, and funding work, and should use risk controls carefully.

### FAQ

**Do I need to own crypto to trade Perps?**\
No, you only need collateral to open positions.

**What is leverage in crypto futures?**\
Leverage allows traders to control larger positions with smaller capital.  It increases market exposure, which can increase both profit potential and loss potential.

**Can I lose more than my initial investment?**\
Depending on the platform and leverage used, losses can exceed initial margin if not managed properly.

**What happens if my margin is too low?**

If margin falls below the required level, a position may be liquidated. Liquidation means the position can be automatically closed to help prevent further losses.

**Are Take Profit and Stop Loss available in Coin98 Futures (Perps)?**

Yes. Coin98 Futures (Perps) supports Take Profit and Stop Loss order tools to help users manage exits and control risk.<br>


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