Terminal Room
    Arena Perps cover
    Arena Perps logo

    Arena Perps

    available
    TL;DR

    A Perps trading platform for The Arena ecosystem

    Dossier

    ## Overview Arena Perps is a perpetual futures trading platform built within The Arena ecosystem on Hyperliquid L1. The platform enables traders to take leveraged long and short positions on various cryptocurrency assets without holding the underlying collateral. As a perpetual derivatives venue, Arena Perps allows participants to enter and exit positions at any time, with funding rates determining the cost of holding positions over extended periods rather than expiration dates forcing settlement. The tool exists to serve traders who want exposure to price movements without the friction of spo