About Perps⁻¹

Perps⁻¹ gives people inverse exposure to cryptocurrencies and the broader market.

With Perps⁻¹, traders can:

• Capture unlimited upside on short positions

• Hedge with reduced liquidation risk

• Arbitrage funding rates due to decreased funding interest rates

Perps⁻¹ is built on Hyperliquid’s proven perpetuals order book infrastructure and powered by the HIP-3 standard