FAQs

When will Ventuals go live on mainnet?

Ventuals is currently only live on Hyperliquid Testnet; we are waiting for the HIP-3 standard to go live on Hyperliquid Mainnet. In the meantime, you can trade Ventuals perps on testnet. By trading on testnet, you'll help us improve the product and identify issues. While you should only trade on testnet for fun, there may be benefits for testnet traders in the future.

What is a perp?

Perpetual futures are a type of derivative contract that enables traders to speculate on the price of an asset without needing to buy or own the underlying asset itself.

Unlike traditional futures contracts, perpetual futures don’t have an expiration date, meaning traders can hold their positions indefinitely, as long as they maintain the required margin.

How do perpetual futures work?

Perpetual futures are designed to mirror the underlying reference price of an asset.

To keep perp prices closely aligned with the reference price, perpetual futures use a funding rate mechanism – a unique feature that sets them apart from traditional futures.

The funding rate is a small periodic payment that traders on one side of the contract (long or short) pay to the traders on the other side. This rate incentivizes traders to balance demand, ensuring that perpetual futures prices don’t deviate significantly from the asset’s underlying reference price.

• Positive funding rate: When perpetual futures are priced higher than the reference price (indicating more demand for long positions), traders holding long positions pay a funding fee to those with short positions.

• Negative funding rate: When perpetual futures are priced lower than the reference price, traders holding short positions pay the funding fee to those with long positions.

The funding rate fluctuates based on market conditions, helping perpetual futures stay as close to the asset’s underlying reference price as possible.

I got liquidated on testnet. Can I get more funds?

Unfortunately we don’t control the mock USDC on testnet (Hyperliquid does) so we can’t issue any more if you get liquidated. However, you can create a fresh account and start over.

I paid $1 but never received my testnet funds

Within a few minutes after submitting the $1 payment, you should see 500 in mockUSDC added to your wallet's Ventuals margin account, which you can trade with up to 10x leverage.

If you haven't received funds after 5 mins, please email [email protected] with your wallet address.

I'm getting this error: "Error approving agent. Please try again."

This means that Ventuals is having trouble communicating with your wallet.

This can usually be fixed by logging out and logging back in. If that doesn't fix it, please email [email protected] with your wallet address.