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

# Perpetuals Trading

> Understanding perpetual futures trading

## Perpetual Futures

Trade crypto with leverage using perpetual futures contracts. Available directly in Nova Wallet.

## Key Terms

Tap the **info icons** throughout the perpetuals trading interface to learn about:

### Leverage

Multiply your position size (e.g., 10x leverage = 10x gains or losses)

### Funding Rate

Periodic payments between long and short positions to keep price anchored to spot

### Liquidation Price

Price at which your position is automatically closed to prevent further losses

### Margin

Collateral required to maintain your position

## Risk Warning

**HIGH RISK**: Perpetual futures trading involves significant risk of loss. Only trade with funds you can afford to lose.

* Leverage amplifies both gains AND losses
* You can lose more than your initial investment
* Market volatility can trigger liquidation

## Best Practices

* Start with low leverage (2-5x)
* Always set stop losses
* Monitor your position regularly
* Understand liquidation price before opening positions

## Legal Terms & Jurisdictions

Perpetual futures trading is subject to regulatory requirements that vary by jurisdiction.

### Regulatory Compliance

Our perpetuals trading is powered by **HyperLiquid**, which operates under applicable regulatory frameworks. Before trading:

* Verify perpetuals trading is legal in your jurisdiction
* Understand your local tax obligations
* Review HyperLiquid's terms of service
* Ensure you meet age and residency requirements

### Restricted Jurisdictions

Perpetuals trading may not be available in certain jurisdictions due to regulatory restrictions. The platform will notify you if trading is unavailable in your region.

### Important Disclaimers

* Not available to U.S. persons or residents in restricted jurisdictions
* Subject to MiFID II in the EU
* Regulated by local derivatives authorities where applicable
* Tax treatment varies by jurisdiction - consult a tax professional

<Warning>
  Ensure perpetuals trading is legal in your jurisdiction before using this feature. Nova Wallet is not responsible for violations of local laws.
</Warning>