What is the current GBP funding rate?
The current GBP funding rate is 0.0003%. Positive rates mean longs pay shorts; negative means shorts pay longs. Rates update continuously on trade.xyz on Hyperliquid.
What is the maximum leverage for GBP on trade.xyz on Hyperliquid?
GBP perpetual futures support up to 50× leverage on trade.xyz on Hyperliquid. Button recommends sizing positions to your conviction and risk tolerance — high leverage amplifies both gains and losses.
How do GBP perpetual futures work?
GBP perps are derivative contracts with no expiry date that track the price of GBP/USD. A funding rate mechanism (currently 0.0003%) keeps the perp anchored to spot by transferring periodic payments between longs and shorts.
What fees apply when trading GBP/USD perps through Button?
Button does not charge a platform markup. You pay the standard trade.xyz on Hyperliquid maker/taker fees plus any funding cost if you hold a position across funding intervals. There are no hidden spreads or withdrawal fees.
How does liquidation work on GBP positions?
GBP positions are liquidated automatically by trade.xyz on Hyperliquid when your margin ratio falls below the maintenance threshold. Button surfaces your real-time liquidation price so you always know how much room you have before you open or scale into a trade.
When can I trade GBP perpetual futures?
GBP perps are available Sunday 6 PM ET through Friday 5 PM ET, with reduce-only mode outside those hours. Button reflects the market status live, so you can see at a glance whether the market is open, reduce-only, or actively trading.
Do I need to sign up or complete KYC to trade GBP?
No. Button is a self-custodial interface — you connect a wallet and trade GBP directly on-chain. There is no account, no identity verification, and no custodian holding your collateral. Local jurisdictional rules still apply.