DEFENSE
DEFENSE perpetual$63.75▼ −0.25%(−$0.16)
Trade DEFENSE
↑ Long DEFENSE↓ Short DEFENSERecent DEFENSE trades
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If you put in $100...
Practiceat 5× leverage$500 of DEFENSE
1×20× max
If DEFENSE ↑ 10%
+$50
If DEFENSE ↓ 10%
−$50
Liquidated at −20%
Leverage cuts both ways. Real liquidations can fire before the thresholds shown here if maintenance margin is breached, so treat these as ballpark estimates rather than guarantees.
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Worth knowing
Leverage cuts both ways.
- You can be liquidated in a single move if your losses exceed your collateral.
- Funding fees apply every hour, charged by whichever side is more crowded.
- You don't own DEFENSE or any underlying claim — no dividends, no voting rights.
Speaking the language
Hover any term for a one-line explanation.
perpetual ?leverage ?liquidated ?funding rate ?mark price ?long ?short ?collateral ?slippage ?
Frequently asked questions
How do I trade DEFENSE on Hyperliquid?
Click the Long or Short button on this page. You'll be taken to the Hyperliquid trade form for DEFENSE perpetual where you can size the position, set leverage, and place the order. Settlement is in USDC, on-chain.
What is a DEFENSE perpetual future?
A DEFENSE perpetual is a contract whose price tracks the underlying DEFENSE asset. It has no expiration date. You post margin in USDC and your profit or loss is the price difference between entry and exit, settled in USDC. The funding-rate mechanism keeps the perpetual price aligned with the underlying.
Do I own the underlying asset?
No. Trading a perpetual gives you exposure to the price; you don't own the underlying. You don't receive dividends, voting rights, or any claim on the asset. The position is purely a price bet settled in USDC.
Is this custodial?
No. All trading happens directly on Hyperliquid, a decentralized exchange. Liquidiction is a non-custodial frontend. You sign transactions from your own wallet.