What is Perle?
PRL is the token of Perle, a platform on the Solana blockchain that connects AI companies with human experts who label and check training data. Contributors earn PRL for their work, and companies can use the token to pay for data labeling and related services.
The io:PRL perpetual tracks the price of Perle, settles in USDC and never expires. It is listed on EntropyIO, a builder exchange: a market run by an outside team on Hyperliquid's order book. You can go long or short with up to 3× leverage, around the clock.
Contract details
- Market
io:PRLon EntropyIO (builder exchange)- Tracks
- The price of Perle
- Settlement
- USDC, no expiry
- Leverage
- 3× at any size
- Margin
- Isolated only
- Size step
- 0.1 PRL
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.034% market, 0.028% limit
- Trading hours
- Around the clock, every day
Size a PRL trade from its stop
Hypurr Desk asks where your stop goes and how much of your account you are willing to lose there, then works out the size. An example at 1.4978, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 1.4678
- Size
- 289.3 PRL ($434.36)
- Loss at the stop, fees included
- $10.00
- Leverage
- 3× isolated, $144.79 margin
The stop sets the loss, not the leverage: leverage only decides how much margin the position ties up. Move the stop and the size follows, so a wider stop means a smaller position and the same loss. The stop is placed on the exchange with the entry. How risk sizing works.
Questions about PRL
What is the maximum leverage on PRL?
3×. Hypurr Desk sizes each order from your stop, so the leverage follows from how much you choose to risk.
How often is funding paid on PRL?
Every hour. When the rate is positive, longs pay shorts; when it is negative, shorts pay longs. The current rate is shown at the top of this page.
What does it cost to trade PRL on Hypurr Desk?
At the exchange's base tier, 0.034% of the position value for market orders and 0.028% for limit orders that rest on the book, including the 0.025% Hypurr Desk fee. There is no subscription and no sign-up.
Do I own PRL when I trade this market?
No. A perpetual tracks the price of Perle and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
