Trade perps with your eyes open.
A perp is a bet on a price that never expires, and borrowed size makes it bigger. Learn how they work, then check every trade before you place it, with live numbers from Binance and Hyperliquid.
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The course is being made
Plain-language lessons on how perps work, what funding and liquidation really are, and how to size a position so one bad trade cannot end your run. The tools below are the practice half; they are live now.
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The tools, by situation
I'm about to place a trade
See what could go wrong before you click.
- 01
Trade Plan Checker
See what could wipe out your trade before you place it.
Start hereAny level2 minlive - 02
Stop-Loss Finder
Put your stop where normal price wiggles won't hit it.
Any level30 sec - 03
Survival Simulator
Find out if your strategy survives a losing streak before real money does.
Start hereIf you trade1 min
I already hold a position
See how close you are to trouble, and what you pay to stay in.
- 01
Liquidation Danger Check
See how close your position is to being closed by the exchange.
Any level1 minlive - 02
Squeeze Map
See where piles of borrowed bets would get wiped out if price moved there.
If you trade1 minlive - 03
Funding Fee Scanner
See who pays to hold a position right now, and how much, on both exchanges.
If you trade1 minlive
I want to see where the market is fragile
Where borrowed bets are stacked, what stocks and gold perps are pricing, where funding disagrees.
- 01
Stock & Gold Perps Board
Bet on Tesla, gold or oil day and night. See every stock perp, explained simply.
If you trade1 minlive - 02
Squeeze Map
See where piles of borrowed bets would get wiped out if price moved there.
If you trade1 minlive - 03
Funding Fee Compare
Same coin, three exchanges. See who pays the most to stay in the trade.
If you trade1 minlive
The market right now
Market Heat
A live read on how crowded borrowed bets are right now, across the big coins and Hyperliquid's stock, index and commodity perps. Updated every 15 minutes. It describes conditions; it never tells you to buy or sell.
Most one-sided funding
- CL-196%/yr
- SILVER+16%/yr
- XRP+11%/yr
A high positive number means many bets on the price rising. A deep negative one means many bets on it falling.
Majors regime
Read from the direction of price and the amount of open bets together.
Squeeze-risk watch
The most crowded leverage right now, where a sharp unwind is most likely.
The mood signals are warming up. They sharpen over the first few hours as the radar builds history. Funding above is already live.
Updated Sep 8, 12:00 PM UTC
Educational content only. Not financial advice. Perps can lose you money fast and are not for everyone.