Trade lets you open and manage perpetual futures positions from inside Peach. Perps are powered by Hyperliquid, a decentralized perpetuals exchange that runs on its own Layer 1 and operates a fully on-chain order book. Peach is the interface for Hyperliquid here — the trading itself happens on Hyperliquid.Documentation Index
Fetch the complete documentation index at: https://docs.peach.technology/llms.txt
Use this file to discover all available pages before exploring further.
How order flow works
You configure the order in the Peach app
Pick the market, side, size, leverage, and order type (market, limit, etc.).
Peach builds the Hyperliquid order payload
The same payload format Hyperliquid would expect from any client.
The signed order is submitted to Hyperliquid
The signed payload is sent directly from your client to Hyperliquid’s API — Peach does not custody, hold, or route the order through any other intermediary.
Who does what
| Role | Who |
|---|---|
| Provides the trading UI | Peach |
| Signs the order | You |
| Matches orders / runs the book | Hyperliquid |
| Holds margin and PnL | Hyperliquid |
| Tracks positions, funding, liquidations | Hyperliquid |
| Reads and displays state | Peach |
Because every order is signed by your wallet and sent directly to Hyperliquid, your trading account on Hyperliquid is tied to your Peach wallet address. You can verify any of your trades, positions, or balances via Hyperliquid’s own explorers and APIs.
Fees
Peach charges no fee on perps. The only fees on a Peach-routed perp trade are the fees Hyperliquid itself charges — taker, maker, and (for funding) the cross-side funding rate.Referral discount
Trades placed through Peach receive a 4% discount on Hyperliquid trading fees, applied automatically up to $25,000,000 of cumulative trading volume per account. Once an account crosses that threshold, Hyperliquid’s standard fee schedule applies.The discount is applied at the venue level via Hyperliquid’s referral program. There is nothing for you to opt into — connecting through Peach is what enables it.
Risks to understand
Specifically, on top of the usual risks of any on-chain product:- Liquidation — if your margin ratio falls below the maintenance threshold, Hyperliquid will close your position at the prevailing market price. Slippage and gaps can make the realized loss worse than the displayed liquidation price.
- Funding — perps pay or receive funding periodically. Holding a position through unfavorable funding will erode PnL.
- Market risk — markets can gap, halt, or move sharply on news. Stops are not guaranteed to fill at the trigger price.
- Venue risk — Hyperliquid is an independent on-chain venue. Outages, governance changes, or unforeseen issues at the venue level can affect your position. Peach has no ability to override or modify Hyperliquid behavior.