MetaMask has rapidly evolved from a simple Ethereum wallet to a sophisticated gateway for DeFi, NFTs, and now, perpetual futures trading. With the latest update (version 7.56 or later), users can trade over 150 tokens with up to 40x leverage directly within the MetaMask mobile app. This new feature is powered by Hyperliquid, a leading decentralized perpetual exchange, and marks a significant leap in self-custodial trading experiences on mobile devices.

Why Trade Perpetuals on MetaMask Mobile?

Perpetual contracts ("perps") are derivatives that let you speculate on crypto asset prices without expiration dates. Traditionally, these instruments were only available on centralized exchanges or complex DeFi platforms. Now, MetaMask brings perps trading natively to its mobile interface, offering:

  • Simplicity: Fund your perp account with any EVM-compatible token - assets are auto-converted to USDC for trading.
  • Security: Retain full custody of your funds; MetaMask never holds your assets.
  • Speed: Instant execution and live market data for over 150 tokens.
  • No extra swap fees: Token conversion happens seamlessly within the app.

Screenshot of MetaMask mobile app Perps tab displaying available perpetual markets, highlighting the new trading interface powered by Hyperliquid

Getting Started: Prerequisites for Trading Perpetuals

If you’re ready to explore leveraged trading on-the-go, ensure you meet these requirements before proceeding:

Steps to Prepare MetaMask for Perps Trading

  1. MetaMask mobile app update version 7.56 screenshot
    Update MetaMask Mobile to Version 7.56 or Later: Ensure your MetaMask mobile app is updated to version 7.56 or higher to access perpetual trading features powered by Hyperliquid.
  2. MetaMask wallet backup recovery phrase
    Secure Your Wallet and Backup Recovery Phrase: Confirm that your MetaMask wallet is properly secured and that you have safely backed up your recovery phrase to prevent loss of funds.
  3. Deposit EVM token MetaMask mobile
    Add Funds Using Any EVM-Compatible Token: Deposit funds into your MetaMask wallet. You can use any EVM-compatible token (such as ETH, USDC, or DAI); MetaMask will automatically convert your deposit to USDC for trading perps.
  4. MetaMask mobile Perps tab screenshot
    Navigate to the Perps Tab on the Home Screen: Open the MetaMask mobile app and tap the Perps tab on the home screen to access the perpetuals trading interface.
  5. Enable trading MetaMask perps account
    Enable and Fund Your Perps Trading Account: Follow the prompts to enable trading and transfer your deposited funds into your perps trading account. This step is required to begin trading perpetual contracts.

Your device must have the latest version of MetaMask Mobile (7.56 and ). If not, visit your app store and update before continuing.

Step-by-Step Guide: How to Trade Perpetuals on MetaMask Mobile

The onboarding process is designed for both beginners and experienced traders. Here’s how to access perpetual contracts trading via the new Perps tab:

How to Open a Perpetual Position on MetaMask Mobile

A smartphone screen displaying the MetaMask app update page in an app store, highlighting version 7.56 or later.
Update MetaMask Mobile to the Latest Version
Ensure your MetaMask mobile app is updated to version 7.56 or later. This is required to access the new Perps trading feature powered by Hyperliquid.
A mobile screen showing the MetaMask homescreen with the 'Perps' tab clearly highlighted.
Access the Perps Tab
Open MetaMask Mobile and tap the 'Perps' tab on the homescreen. This is your gateway to perpetuals trading within the app.
A finger tapping the 'Start Trading' button within the MetaMask Perps tab interface.
Start Trading Perpetuals
Tap 'Start Trading' to begin the process. This will prompt you to set up your Perps trading account if you haven't already.
A user selecting tokens to deposit, with a conversion to USDC shown on the MetaMask mobile interface.
Fund Your Perps Account
Add funds to your Perps account. You can deposit any EVM-compatible token (such as ETH or USDT); MetaMask will automatically convert your tokens to USDC for trading, with no extra swap fees.
MetaMask mobile interface showing a list of perpetual markets with live charts and token prices.
Select the Perpetual Market
Browse the list of over 150 available tokens and select the perpetual contract you wish to trade (e.g., BTC, ETH). Live market charts and current prices are displayed for each asset.
A trading interface on MetaMask mobile with leverage slider and order type options (market, limit, stop-loss, take-profit) visible.
Set Leverage and Order Type
Choose your desired leverage (up to 40x) and select your order type: market, limit, stop-loss, or take-profit. Adjust your risk parameters according to your trading plan.
A confirmation screen on MetaMask mobile showing trade details and an 'Open Position' button being tapped.
Open Your Position
Enter the amount you wish to trade and confirm the order. MetaMask will execute your trade instantly, and your position will appear in the open positions list. Review your entry price and set additional risk controls if needed.
MetaMask mobile app displaying an active perpetual position with real-time profit/loss and management options.
Monitor and Manage Your Position
Track your open position via live charts and real-time P&L updates. You can modify stop-loss or take-profit orders, or close your position at any time directly from the app.

The integration with Hyperliquid means you can open long or short positions with advanced order types such as stop-loss and take-profit - all from your smartphone. The interface provides real-time charts and risk management tools so you can monitor margin ratios and liquidation risks at a glance.

Key Features That Set MetaMask Perps Apart

  • No Expiry Dates: Positions remain open as long as collateral requirements are maintained.
  • Diversified Markets: Trade Bitcoin, Ether, and over 150 altcoins using one unified interface.
  • User-Controlled Risk: Adjust leverage (up to 40x) and set custom stop-loss/take-profit orders natively.

This innovative approach gives traders flexibility without sacrificing security or usability. For more details about this release and its technical underpinnings, see the official announcement at MetaMask Newsroom.

Managing Your Positions: Monitoring, Adjusting, and Closing Trades

Once your position is open, MetaMask Mobile provides a comprehensive dashboard to track performance in real time. You can monitor your margin ratio, unrealized P and L, and liquidation price directly from the Perps tab. Should market conditions change, you have the flexibility to:

  • Modify leverage on existing trades (within platform limits)
  • Add or remove collateral to manage liquidation risk
  • Edit or cancel stop-loss and take-profit orders instantly
  • Close positions partially or fully with a single tap for rapid risk-off moves

This level of control is rarely found in mobile-first crypto trading apps. The integration with Hyperliquid ensures trades are executed against deep liquidity pools, minimizing slippage even during volatile periods.

Risk Management Essentials: Best Practices for Perpetual Trading on Mobile

Trading perpetual contracts with leverage introduces significant risks alongside potential rewards. To help users navigate this landscape safely, MetaMask Mobile includes built-in risk alerts and educational prompts. However, disciplined risk management remains your responsibility. Consider these best practices before entering any trade:

Essential Risk Management Tips for MetaMask Perps

  • MetaMask Perps stop-loss order screenshot
    Set Stop-Loss and Take-Profit Orders: MetaMask Perps supports stop-loss and take-profit orders directly within the app. Use these tools to automatically manage your risk and lock in profits, helping you avoid large unexpected losses due to market volatility.
  • MetaMask Perps leverage settings interface
    Use Leverage Responsibly: While MetaMask Perps offers up to 40x leverage, higher leverage increases both potential gains and losses. Start with lower leverage until you understand the platform’s mechanics and your own risk tolerance.
  • MetaMask Perps margin ratio display
    Monitor Your Margin Ratio: Keep a close eye on your margin ratio in the MetaMask Perps dashboard. Falling below the maintenance margin could trigger liquidation, resulting in loss of your position.
  • MetaMask Perps funding screen
    Fund Only What You Can Afford to Lose: MetaMask Perps allows seamless funding from any EVM-compatible token. Only deposit amounts you are comfortable risking, as crypto markets can be highly volatile.
  • MetaMask Perps live market chart screenshot
    Stay Updated with Live Market Data: Utilize the live market charts and real-time data provided in the MetaMask Perps tab to make informed trading decisions and react quickly to market changes.
  • MetaMask Perps trade history analytics
    Review Trade History and Analytics: Regularly check your trade history and analytics within MetaMask Perps to evaluate your strategies and identify areas for improvement.

Remember: Liquidation can occur rapidly if market moves against your position. Always use stop-loss orders and never risk more capital than you can afford to lose.

Comparing MetaMask Perps: How Does It Stack Up?

The addition of perpetuals in MetaMask Mobile brings direct competition to centralized exchanges and other DeFi perp protocols. Here’s how it compares across key dimensions:

Feature 🚀 MetaMask Perps (Mobile) CEXs (e. g. , Binance) Other DeFi Perp DEXs
No KYC Required 🔒 Yes No/Partial Yes
Asset Custody 🗝️ User-controlled (self-custody) CEX-controlled (custodial) User-controlled (self-custody)
No Extra Swap Fees 💸 Yes (auto USDC conversion) No (but withdrawal fees apply) No/Varies by platform
Markets Supported 📈 >150 tokens w/up to 40x leverage >200 tokens w/variable leverage >50-100 tokens typically
Mobile UX/UI 📲 < strong > Optimized and seamless Varies by app Often desktop-first
p>

Bitcoin (BTC) Price & Perpetuals on MetaMask

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p>The self-custodial model is a major advantage for privacy-conscious traders seeking direct control over their funds while accessing deep liquidity. p>
h3 class = "subheading" > Frequently Asked Questions About Trading Perpetuals on MetaMask Mobile p>

MetaMask Perps: Funding, Fees, Liquidation & Security FAQ

How do I fund my MetaMask Perps account, and which tokens are supported?▲
To fund your MetaMask Perps account, simply tap the Perps tab in the MetaMask mobile app (version 7.56 or later), then select Start trading. You can deposit any EVM-compatible token (such as ETH, USDC, or DAI). The app will automatically convert your deposit to USDC for trading purposes, with no additional swap fees. This seamless process ensures you can start trading perps quickly and efficiently.
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What fees should I expect when trading perpetuals on MetaMask Mobile?▲
MetaMask Perps, powered by Hyperliquid, offers zero swap fees when funding your account—your EVM token is automatically converted to USDC at no extra cost. However, you may still incur standard trading fees set by the Hyperliquid protocol for opening, closing, or maintaining positions. Always review the fee schedule within the app before executing trades for the most accurate and up-to-date information.
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What are the risks of liquidation when using leverage on MetaMask Perps?▲
Trading with leverage (up to 40x on MetaMask Perps) increases both potential profits and risks. If the market moves against your position, your collateral may become insufficient, leading to liquidation—the forced closure of your position to prevent further losses. To mitigate this risk, always use risk management tools such as stop-loss and take-profit orders, and monitor your positions closely using the app’s built-in analytics.
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How does MetaMask ensure the security of my funds when trading perps?▲
MetaMask operates as a self-custodial wallet, meaning you retain full control over your private keys and assets at all times. The perpetuals trading feature is integrated directly within the app, leveraging the security standards MetaMask is known for. Additionally, all trades are executed via the decentralized Hyperliquid protocol, reducing reliance on centralized intermediaries. Always keep your app updated and never share your recovery phrase.
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Can I manage liquidation risk with stop-loss and limit orders on MetaMask Perps?▲
Yes, MetaMask Perps provides robust risk management tools, including stop-loss, take-profit, and limit orders. These features allow you to automate trade execution at predefined price levels, helping you protect your capital from sudden market movements. Utilizing these tools is essential, especially when trading with high leverage, to minimize potential losses and manage your risk exposure effectively.
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p>If you’re ready to explore leveraged trading from your phone while retaining full asset control, the new perps feature in MetaMask Mobile is a robust option worth considering. As always, start small, educate yourself continuously, and use every available tool to manage your downside. p>If you want more details about this update and future roadmap features, check out the official announcement atMetaMask Newsroom.