Frequently Asked Questions about Hyperliquid Perpetuals on Gem Wallet
Key terms and mechanics for trading perpetual futures on Gem Wallet, including positions, funding, leverage, and more.
What is Auto Close?
One-tap emergency exit that instantly closes your entire perpetual position at the current market price.
What is Liquidation Price?
The exact price where your leveraged perps position gets force-closed to save you from losing more than your margin.
What is Funding Payment?
The tiny fee paid every 8 hours so perpetual prices stay glued to the real spot price.
What is Open Interest?
The total dollar value of all open perps positions. It shows who’s fighting who—and how hard.