Starting today, you can trade perpetual futures — "perps" — right in the X4T app. Go long or short on Bitcoin, Ether, Solana, HYPE and more than 170 crypto markets, with up to 40x leverage, one USDC balance for every market and every order signed in X4T custody.
It's the biggest addition to the X4T app since MultiChain: you can now take a view on where prices are heading, in either direction, without leaving the platform you already use.
What Are Perpetual Futures?
A perpetual future is a contract that tracks the price of a crypto asset — without you holding the asset, and without an expiry date.
- Long or short: open a long position if you expect the price to rise, or a short position if you expect it to fall. Your profit or loss follows the price.
- No expiry: unlike classic futures, a perp never expires. You can keep a position open for minutes or months, as long as your margin supports it.
- Leverage: you commit margin, and leverage multiplies your exposure. $100 of margin at 10x controls a $1,000 position.
- Funding: every hour, longs and shorts exchange a small funding payment that keeps the perp price close to the spot price. When the rate is positive, longs pay shorts; when it's negative, shorts pay longs.
What You Get with X4T Perps
- 170+ markets: from Bitcoin, Ether and Solana to HYPE and new listings, each with its maximum leverage shown next to the pair.
- Up to 40x leverage: 40x on BTC, 25x on ETH, 20x on SOL. Choose anything from 1x to the market maximum before every trade.
- Isolated margin: every position has its own margin. A liquidation only affects that position's margin, never the rest of your balance.
- One USDC balance: fund your perps account once and trade every market. Profits and losses settle in USDC.
- Market and limit orders: with an adjustable maximum slippage (0.5%, 1% or 3%) for market orders.
- Live charts and data: candles from 5 minutes to 1 day, mark price, 24h change, open interest and a countdown to the next funding payment.
- Know before you confirm: order value, required margin, estimated liquidation price and fees are shown before you place an order.
- Signed in custody: orders are signed inside X4T custody. No seed phrases, no browser wallets, no pop-ups to approve.
See every market with live prices on the X4T Perps page.
Leverage Works Both Ways
Leverage magnifies gains and losses alike. The higher it is, the smaller the price move it takes to liquidate a position — at which point the position is closed automatically and its margin is lost.
| Leverage | Position with $100 margin | A 1% price move changes your margin by | Price drop that liquidates a BTC long |
|---|---|---|---|
| 2x | $200 | 2% | −49.4% |
| 5x | $500 | 5% | −19.0% |
| 10x | $1,000 | 10% | −8.9% |
| 20x | $2,000 | 20% | −3.8% |
| 40x | $4,000 | 40% | −1.3% |
Estimates based on BTC's maintenance margin, before trading fees and funding.
Want to see it for yourself? The leverage simulator on the perpetual futures page lets you pick a market, a direction and your leverage, then move the price to see your profit, your loss and the liquidation point — all starting from the live mark price.
How to Start Trading Perps on X4T
- Log in to your X4T account, or create one if you're new.
- Open the Perps tab and deposit USDC to your perps balance.
- Pick a market, choose long or short, set your leverage and size, check the indicative costs and place your order.
You can deposit and withdraw USDC right from the Perps tab.
Trade Responsibly
Perpetual futures are complex, leveraged products, and they're not suitable for everyone. Prices can move quickly against you, and you can lose your entire margin. Start small, use low leverage while you learn, and only trade with money you can afford to lose. Nothing in this article is investment advice.
Bottom Line: Your View, in Either Direction
With Perps, the X4T app covers the whole journey: buy and sell crypto, move it across seven chains — and now take a long or short view on more than 170 markets with perpetual futures, all from one account with the security you already trust.
Log in to your account and open the Perps tab — or explore X4T Perps first.
