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Solana Guides
Trading

Solana Perps and Derivatives

Perps let you trade with leverage, long or short, with no expiry date. This section covers the perp DEXs we use on Solana and beyond, plus options, prediction markets and funded trading, with comparisons where they help you pick.

Leverage can wipe out a position fast. Only trade what you can afford to lose. Not financial advice.

Latest guides

The Papertrade.xyz logo as a circular badge on the left, with an orange glow behind it on a dark grid background. On the right, a "GUIDE" pill sits above the headline "1000X PERPS", with "1000X" in orange and "PERPS" in white.

Papertrade.xyz: 1000x Hyperliquid Perps, PAPER Token, Fees

Papertrade.xyz is real-money 1000x BTC and ETH perps on Hyperliquid. Fees, the haircut, liquidation, PAPER (no airdrop) and funding it from Solana.

Updated 25 Oct 2026

How to choose a perp DEX

On a perp DEX the trading fee is only half the cost. Funding is paid while you hold a position, and on a crowded trade it can cost more than the fees, so look at maker and taker fees and the funding rate together. Then check the order book on the pairs you trade: thin books mean slippage on every entry and exit.

Know how the price is set and where you get liquidated before you open anything. Order-book DEXs and oracle-priced pools behave differently when the market moves fast. And look at the track record: audits, past incidents and how the team handled them, because a perp DEX holds your collateral the whole time.

Every guide in this section

Comparisons (2)

Options and prediction markets (1)

Platform guides (4)