Trade on Hyperliquid
Primeborg is a front-end for Hyperliquid's L1 perpetual futures DEX. 100+ markets, sub-second matching, on-chain order book. Liquidity comparable to Binance perps.
Perpetual futures.
On-chain order book.
Trade perps on Hyperliquid through Primeborg. Up to 50x leverage on BTC, ETH, SOL, and 100+ markets. Your wallet signs every order. Hyperliquid's L1 settles.
What you get
5 things that distinguish Primeborg Perps
Non-custodial
Every order is signed by your own wallet (EIP-712 typed data) and broadcast to Hyperliquid. Margin lives on Hyperliquid in your sub-account, not in a Primeborg pool.
Up to 50x leverage
Set leverage per market. Liquidation prices and maintenance margin are visible before every order. Cross-margin and isolated-margin modes both supported.
Funding rate transparency
Real-time funding rate per market. Historical funding (last 30 days) charted. Honest framing: high-volatility markets have unpredictable funding spikes.
Builder fee model
Primeborg earns a builder fee (a small slice of trading fees) for routing orders to Hyperliquid. No spread, no markup, no MEV extraction.
Frequently asked
Honest answers, not marketing
What is Hyperliquid?
Hyperliquid is an L1 blockchain optimized for derivatives — sub-second block time, on-chain order book, sub-cent fees. It's where the actual matching happens. Primeborg is a frontend that lets you trade on Hyperliquid without managing the underlying account separately.
Where does my margin live?
In your Hyperliquid sub-account, on the Hyperliquid L1. Primeborg never holds margin. To withdraw, you sign a withdrawal transaction; Hyperliquid releases the USDC to your wallet on Arbitrum.
What's the maximum leverage?
Varies by market. BTC and ETH allow up to 50x. Smaller-cap alts cap at 10x or 20x. Higher leverage = closer liquidation price = higher probability of liquidation in a normal market move.
Can I get liquidated?
Yes — perps are leveraged products. If the market moves against your position past your liquidation price, your position is force-closed and you lose your margin (or part of it under partial liquidation). Always size positions you can afford to lose.
Is this legal in my country?
Perpetual futures trading is regulated as a derivatives activity in many jurisdictions (US, UK, EU). Some require licensing for the venue. Primeborg geo-blocks perps in jurisdictions where Hyperliquid isn't permitted. Check the access flag before relying on it.
How does this compare to Binance perps?
Binance is centralized — they take custody, run their own order book, set their own fees. Hyperliquid (via Primeborg) is decentralized — you keep custody, the order book is on-chain, fees are lower, and the venue cannot freeze your account.