What is Solana?
Solana is a layer 1 blockchain built for fast, low-cost transactions, launched in 2020. SOL pays transaction fees and is staked with validators to secure the network through proof of stake. The chain hosts many decentralized exchanges, stablecoins, payment apps and meme coins, and it is known for high throughput.
The SOL perpetual tracks the price of Solana, settles in USDC and never expires. It trades on Hyperliquid's main exchange. You can go long or short with up to 20× leverage, around the clock.
Contract details
- Market
SOL, main exchange- Tracks
- The price of Solana
- Settlement
- USDC, no expiry
- Leverage
- 20× up to $70.00M, 10× above $70.00M
- Margin
- Cross or isolated
- Size step
- 0.01 SOL
- Funding
- Paid every hour
- Fees on Hypurr Desk
- 0.07% market, 0.04% limit
- Trading hours
- Around the clock, every day
Size a SOL 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 95.996, from when this page was built:
- Account
- $1,000.00
- Risk
- 1% = $10.00
- Stop
- 2% below entry, at 94.076
- Size
- 4.86 SOL ($466.54)
- Loss at the stop, fees included
- $9.98
- Leverage
- 18× cross, $25.92 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 SOL
What is the maximum leverage on SOL?
20×. Larger positions get less: above $70.00M the maximum is 10×. 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 SOL?
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 SOL on Hypurr Desk?
At the exchange's base tier, 0.07% of the position value for market orders and 0.04% 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 SOL when I trade this market?
No. A perpetual tracks the price of Solana and settles gains and losses in USDC. You never hold the coins, and positions can be closed out if losses use up their margin.
