Trading perpetual contracts (or "perps") on mobile is now possible directly through MetaMask, one of the world’s most popular self-custodial crypto wallets. With the introduction of MetaMask Perps, users can access over 150 markets with up to 40x leverage, all from the convenience of their phones. This step-by-step guide will walk you through each part of the process using the latest features in MetaMask Mobile (version 7.56 or later), so you can confidently open, manage, and close positions while keeping risk in check.

MetaMask Mobile app home screen displaying the 'Perps' tab for perpetual trading, highlighting account funding and order placement features

MetaMask Mobile Perpetuals: What You Need to Know

Before diving into trading, it’s essential to understand a few key points:

  • Regional Restrictions: Perpetual trading is not available in certain regions, including the USA, UK, Ontario (Canada), Belgium, and countries on the US sanctions list. Always check your eligibility before proceeding.
  • Risk Management: Trading with leverage amplifies both potential gains and losses. Make sure you understand how leverage works and set clear risk parameters for every trade. For further reading on this topic, see MetaMask’s official guide on leverage and liquidation.

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

This guide specifically covers these steps:

  • Open MetaMask Mobile and Navigate to the Perps Tab
  • Fund Your Perpetuals Account with Supported Tokens
  • Select the Trading Pair and Market (Long/Short)
  • Set Leverage and Enter Order Details (Amount, Price, Type)
  • Review, Confirm, and Execute Your Trade
  • Monitor Open Positions and Manage Risk (Stop Loss/Take Profit)

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

A smartphone displaying the MetaMask Mobile home screen with the 'Perps' tab highlighted, clean interface, modern style
Open MetaMask Mobile and Navigate to the Perps Tab
Launch your MetaMask Mobile app. Make sure you have updated to version 7.56 or later. On the home screen, locate and tap the 'Perps' tab to access perpetual futures trading.
User interface showing MetaMask Mobile's 'Add Funds' screen, with token options (ETH, BNB, USDT), minimum $10 highlighted, and a confirmation button
Fund Your Perpetuals Account with Supported Tokens
Tap 'Start trading' then 'Add funds.' Select any supported EVM token (such as ETH, BNB, or USDT). The app will automatically convert your deposit to USDC for trading. Enter the amount you wish to deposit (minimum $10) and confirm the transaction.
MetaMask Mobile app screen showing a list of crypto trading pairs, with options to select 'Long' or 'Short' for a chosen token
Select the Trading Pair and Market (Long/Short)
In the 'Perps' tab, browse the list of available trading pairs (over 150 tokens supported). Choose the asset you want to trade. Decide whether to go Long (if you expect the price to rise) or Short (if you expect it to fall).
App interface showing leverage slider (up to 40x), amount input, price input, and order type selection (market/limit)
Set Leverage and Enter Order Details (Amount, Price, Type)
Adjust your order size using the slider and select your preferred leverage (up to 40x, depending on the token). Enter the amount, price, and choose order type (market or limit). Remember, higher leverage increases both potential gains and risks.
Confirmation screen on MetaMask Mobile summarizing trade details (direction, leverage, amount), with a 'Confirm Trade' button
Review, Confirm, and Execute Your Trade
Carefully review all order details, including position direction, leverage, and order size. Confirm your understanding of the risks, then tap to execute your trade. The transaction will be processed on-chain.
MetaMask Mobile screen displaying open positions with options to set stop-loss and take-profit, clear risk management visuals
Monitor Open Positions and Manage Risk (Stop Loss/Take Profit)
After your trade is live, track your open positions in the 'Perps' tab. Set stop-loss and take-profit levels to manage your risk. Monitor your positions regularly to respond to market changes.

Navigating to Perpetual Trading in MetaMask Mobile

The first step is making sure your app is updated to version 7.56 or newer. Once updated:

  1. Open MetaMask Mobile and Navigate to the Perps Tab:
    Launch your app and look for the new ‘Perps’ tab right on your home screen. Tap it - this is where all perpetual trading activity happens.

This streamlined integration means you no longer need third-party dApps or complicated wallet connections; everything happens inside your existing wallet interface.

Ethereum Technical Analysis Chart

Analysis by Jenna Holbrook | Symbol: BINANCE:ETHUSDT | Interval: 1W | Drawings: 7

Jenna Holbrook combines a background in economics with 15 years of experience in commodities and bond markets. She is recognized for her in-depth macroeconomic research and prudent investment strategies. Jenna is dedicated to helping readers understand the big picture and make informed long-term decisions. 'Patience is the investor’s greatest ally,' she says.

fundamental-analysismarket-researchrisk-management
Ethereum Technical Chart by Jenna Holbrook

Jenna Holbrook's Insights

As a fundamentally-driven and conservative investor, I see the recent sharp decline from $4,800 to $3,800 as a signal to exercise caution. While Ethereum's adoption and the MetaMask perps launch are significant for long-term utility, the technical picture warns of heightened volatility and the possibility of further downside in the near term. My approach here is to wait for stabilization and evidence of accumulation before considering new long positions. Key macro risks remain, especially with increased leverage trading now accessible, which may amplify both rallies and corrections. Patience remains paramount—major moves should be validated by both technical consolidation and fundamental improvements.

Technical Analysis Summary

Start by drawing a horizontal line at the current price ($3,802.27) to anchor your analysis. Draw horizontal lines at $3,200 (moderate support), $2,400 (strong support), and $4,800 (strong resistance). Add a downtrend line connecting the recent high near $4,800 (late Q3 2025) to the current price for short-term trend context. Highlight the sharp correction from $4,800 to $3,800 as a recent distribution zone. Use rectangles to mark periods of consolidation between $2,400 to $3,200 (early-to-mid 2025). Annotate the recent large red candle with a callout noting the heightened volatility. If volume and MACD are available, note the momentum and signal cross, marking them with appropriate arrows or text. Mark July 2025 as a special event with a vertical line and callout, as this marks the top and subsequent sharp reversal.

Risk Assessment : medium

Analysis : The sharp correction from $4 ,800 to $3 ,800 , coupled with increased retail leverage from the MetaMask perps launch , raises near-term volatility and downside risk . However , strong supports remain below , and fundamentals are unchanged .

Jenna Holbrook 's Recommendation : Wait for signs of stabilization and accumulation near key supports before considering new long positions . Focus on capital preservation and avoid high leverage in this environment .

Key Support & Resistance Levels

📈 Support Levels :
  • $3 ,200 - Moderate support from prior consolidation and reaction lows in the first half of2025.moderate
  • $2 ,400 - Strong support , tested multiple times in2024–2025 period.strong
📉 Resistance Levels :
  • $4 ,800 - Recent peak and strong resistance , tested in late Q32025.strong
  • $4 ,000 - Psychological and technical resistance just above current price.moderate
Trading Zones (low risk tolerance)🎯 Entry Zones:$3,200 - Potential re-entry if price stabilizes and forms a base near prior support.low risk
🚪 Exit Zones:$4,000 - Short-term profit target if entering near $3,200 support.💰 profit target$2,350 - Stop-loss below major support at $2,400.🛡️ stop loss