Leverage

1,200× leverage on BTC and ETH

Route lets you ride BTC and ETH at up to 1,200×. Here's what that actually means before you board.

Route is live on testnet now. Mainnet is next.

What 1,200× means

With 1,200× leverage, $10 of margin controls a $12,000 position. At 1,200×, even a tiny move against you derails the position and loses the whole margin. Only ride what you're fine losing.

How to reach 1,200×

Up to 1,000× is open to every rider.
Above 1,000× (to 1,200×) needs the Footplate pass, earned with miles from your own riding.
At launch, every position is capped at $10,000 of size.

Why high leverage works here

Route is a house perp: you trade against a pot held by the contracts, not an order book, and fills use Hyperliquid's on-chain prices. There's no book to run out of depth, so a small margin can control a large position. The cost is that wins are paid from the pot, which may be short: the order ticket shows the share of a win your position can be paid before you sign.

Compared

Papertrade and Cardboard, two other house-style perps, list up to 1,000× in their docs. See the full comparison.

Experimental. Route is experimental software. You can lose everything you put in, and wins can be reduced, queued or never paid in full. Only ride with money you are fine losing. Terms & risk

Questions

What is the highest leverage on Route?

Up to 1,000× for every rider, and up to 1,200× with the Footplate pass, on BTC and ETH.

What happens if the price moves against a 1,200× position?

Even a tiny move against you derails it: the position is liquidated and the whole margin goes to the pot. Only ride what you're fine losing.

[ Board ][ Docs ]