RedotPay Trade is a perpetual futures trading tool built into the RedotPay app. Trades are executed on-chain through Hyperliquid, a decentralized protocol, and your assets are held in on-chain smart contracts.
Perpetual futures are an advanced, high-risk product. Leverage can multiply your losses as well as your gains, and your position can be liquidated (closed automatically) if the market moves against you. Read the risk section below before you start.
How it works
You can take a long or short position, and you can apply leverage.
Long or short: take a position on the market rising (long) or falling (short), so you can trade on whether prices go up or down.
Leverage: open a larger position with less capital. Leverage increases your potential gains, and it increases your potential losses.
What is a perpetual future?
A perpetual future is a derivatives contract with no expiry date. Unlike traditional futures, it never settles on a fixed date, so you can hold a position for as long as your margin (the funds backing it) is sufficient.
Traders use perpetual futures to take positions without an expiry deadline and to hedge existing holdings. For example, if you hold an asset and you're concerned about a short-term drop, you might open an equal short position to offset that risk.
Funding your trades
RedotPay Trade connects to your RedotPay app balance. You can move funds from your in-app balance into your trading account and start trading.
Risks to keep in mind
Perpetual futures are high-risk derivatives. Only trade what you can afford to lose.
Leverage amplifies both profits and losses.
Sharp market moves can trigger forced liquidation of your position, which can happen quickly.
Availability may vary depending on your jurisdiction.
For full details, read the Perpetual Futures Trading Access Terms (Beta Testing).