> ## Documentation index
> Fetch the complete documentation index at: https://hypertake.net/llms.txt
> Use this file to discover all available pages before exploring further.

# Opening a position

> How to go long or short on Hyperliquid perps with Hypertake: leverage, amount, preview and one click on desktop

Source: https://hypertake.net/docs/perps/opening-a-position · Last updated: 2026-10-17

**To open a perps position, choose Long or Short, set the leverage, enter your money and press the button.** Before you press, Hypertake shows the position it makes, your liquidation price and the most you can lose. On desktop one click places the order; on the phone you tap twice.

> **Info: Before your first order**
> Connect a wallet, turn on one-tap trading (on mainnet, two wallet signatures: the builder fee approval, then the trading key) and add money. See [Turn on trading](https://hypertake.net/docs/money/turn-on-trading.md) and [Deposits](https://hypertake.net/docs/money/deposit.md).

## On desktop

1. **Pick a market** Open **Perps** and choose one in the selector. See [Perps markets](https://hypertake.net/docs/perps/markets.md).
2. **Choose a side** Press Long to gain if the price rises, or Short to gain if it falls.
3. **Set the leverage** Drag the **Leverage** slider, from 1× to the market's maximum. Or drag the amber liquidation line on the chart: on an isolated order that sets the leverage for you.
   Result: The liquidation line moves on the chart as you drag.
4. **Enter your money** Type into **Your money**, drag its slider, or press **Max**.
   Result: Under it: "Trades like $1,000 · 0.0125 BTC", the position you'll open.
5. **Check the summary** Read **Position**, **Liquidation** (and how far it is from the price) and **Most you can lose**. Open **Profit breakdown** to see the result if the price moves 1%, 5% or 10% either way.
6. **Check Order settings** The fold shows "Right away · Isolated" by default. Open it to choose **When** (**Now** or **At my price**) and **What backs it** (**Isolated** or **Cross**). See [Order types](https://hypertake.net/docs/perps/order-types.md).
7. **Press the button** It names the order: **Go long · $1,000** (the position's value). One click sends it.
   Result: A notice says it filled, at what average price, or that a limit order is on the book. The position appears in **Positions** and on the chart.

_Illustration: A scripted demo of Hypertake's perps terminal: a live-style BTC chart with an order form beside it, $200 put in at 10× with a 40× maximum, an entry line near 80,250, a take profit at 81,150 and the computed liquidation line._

## On the phone

1. **Open the market** Tap it in the **Perps** tab, then tap Long or Short at the bottom.
2. **Type your money** A full-screen order opens at $0, with nothing filled in. Type on Hypertake's keypad; tap ⇅ to type the size in the coin instead.
3. **Adjust leverage, TP / SL or type** Rows under the amount open their own sheets: **Leverage** (a slider with 1×, 2×, 5×, 10×, 20× and the maximum, Isolated or Cross, and the live liquidation), take profit and stop loss, and **Market ▾** for the order type.
4. **Tap twice** The button names the order, such as **Open long · $100** (your money). The first tap turns it into **Confirm · Open long · $100** for 5 seconds; the second places it. Changing anything disarms it.
   Result: A market order shows its estimated fill before you tap ("fills ≈ 80,012").

The phone asks one more question only when an order is unusually risky: leverage of 20× or more, more than half of what you have available, or an estimated fill more than 1% from the price on a thin book. A short risk sheet lists why, with the position, liquidation and fee, before you confirm. The phone also refuses to place an order on a price more than 15 seconds old.

|  | Desktop | Phone |
| --- | --- | --- |
| To place | One click | Two taps within 5 seconds |
| Starting leverage | 10× (or the market's maximum, if lower) | 5× |
| Starting margin mode | Isolated | Isolated |
| Button amount | The position's value ("Go long · $1,000") | Your money ("Open long · $100") |
| Extra check | None | A risk sheet past 20×, 50% of available, or 1% slippage |

## What the button tells you

Until the order is valid, the desktop button says what's missing instead of placing anything:

| Button says | Why |
| --- | --- |
| Connect a wallet to trade. | No wallet connected |
| Turn on one-tap trading | Trading isn't on in this browser yet: one signature, once, then one click per order |
| Use one balance | Your Hyperliquid account keeps spot and perps apart; this switches it to one balance without moving anything |
| Enter your amount. | Nothing typed |
| Enter a limit price. | A limit order with no price |
| Positions start at $10: $1.00 of yours at 10×. | Below Hyperliquid's $10 minimum position |
| More than you have available. | Your money plus the fee is more than Hyperliquid says you can use |
| Too small for this market. | Rounded down to the market's size step, it's zero |
| Take profit must be above 80,000. | A take profit or stop loss on the wrong side of the price |

**Example: Priya's first long**
- Priya has $250 available. She opens BTC at 80,000 and presses Long.
- She sets 10×, types $100 in Your money: "Trades like $1,000 · 0.0125 BTC".
- The summary shows Liquidation about 72,911, 8.9% below, and Most you can lose $100.
- The footnote reads "Fee $0.45 · fills right away": Hyperliquid's base taker rate. On mainnet, Hypertake's 0.1% ($1.00) is charged on top.
- She clicks **Go long · $1,000**. The order fills at once; her long appears under Positions with its entry and liquidation drawn on the chart.

Flow: $100 of Priya's balance → 10× → $1,000 BTC long → fills at the best asks, no worse than 5% above the mid

> **Warning: The fee line isn't the whole fee**
> The ticket's fee shows Hyperliquid's base rate (0.045% taker, 0.015% maker) only. It doesn't yet include Hypertake's 0.1%, Hyperliquid's volume discounts, or a builder dex's own fee share. See [Fees](https://hypertake.net/docs/fees.md).

Hypertake never places an order by itself: every order comes from your press, signed in your browser by your trading key and sent straight to Hyperliquid. The signed order is only valid for 60 seconds, so a request stuck on a bad connection can't land minutes later.

- [Order types](https://hypertake.net/docs/perps/order-types.md): Now or at your price, and what each costs.
- [Take profit and stop loss](https://hypertake.net/docs/perps/take-profit-stop-loss.md): Set your exit on the chart.