What is Perpin

Perpin is an app for trading perpetual futures, known as perps, on the Hyperliquid exchange without placing the trades yourself. Pin, Perpin's trading agent, opens the trades, moves their stop-losses and closes them, all on your own account.

You sign in, add money, choose a risk level and start. From then on trades appear in your account, each one sized to your own balance.

Perpin runs a trading desk. The desk publishes trade ideas: which market, which direction, where to enter and where the stop-loss sits.

Pin does not mirror the desk's own account. For every idea it looks at your account first, and skips the idea when it would be wrong for you:

• You already have a position in that market.
• The price has already moved past the idea's stop-loss, so the reason for the trade is gone.
• Your order would take too large a share of what the market can absorb.

When an idea fits, Pin works out the size from your balance and your risk level and places the trade. Two people using Perpin can therefore hold different trades at the same moment.

Note. If you start while the desk is already in a trade, you do not get that trade. You get the next idea that fits your account.

• Not a fund. Your money is never pooled with anyone else's.
• Not a custodian. Your money sits in your own Hyperliquid account, and Perpin cannot withdraw it.
• Not advice. Perpin does not know your finances and does not promise a profit.

Perpin charges a fee of at most 0.1% of the size of each order Pin places for you. Hyperliquid charges its own trading fee on top. You see the maximum and approve it before anything starts, and Hyperliquid enforces it on every order.

That fee is Perpin's only income. There is no subscription and no charge from Perpin for adding or moving money.

Risk. Perps use leverage. Trades can lose money, and you can lose all the money in your trading account. Only trade what you can afford to lose.