ADA perps: long or short Cardano from a self-custodial wallet
An ADA perpetual tracks the price of Cardano through an oracle and settles in USDC. A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close. As of September 2026 this market is carried by AsterDex, Lighter, Hyperliquid and Ostium in our catalog, and the order ticket is the same one you use for every other market in the app.
- Live product data
- Self-custodial
- Human confirmed
Where an ADA order goes
ADA is listed on more than one of the venues we route to: AsterDex, Lighter, Hyperliquid and Ostium. That is the argument for choosing a venue per order rather than per account, because funding, depth and fees on the same asset are not the same across venues. You hold one USDC balance and pick where the order fills.
- Listed on: AsterDex, Lighter, Hyperliquid and Ostium
What you are actually holding
A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close.
When this market is open
Crypto perps never close. There are no exchange hours, no weekend gap and no reopen auction, so a position can be opened or closed at any hour.
Custody stays with you
Margin sits in a self-custodial embedded wallet, keys stay on your device, and Hypertradeworx never takes possession of your funds. Signing happens on your side for every order, which is also why the app can route to several venues without you holding an account at any of them.
Frequently asked questions
- Do I own Cardano when I trade this market?
- A perp is a derivative on the price. You never hold the coin itself, and there is nothing to withdraw to a chain wallet when you close.
- Which venue fills an ADA order?
- AsterDex, Lighter, Hyperliquid and Ostium all list it, and you choose per order. The app shows the market on each venue so you can compare before you send.
- Can I short ADA?
- Yes. Long and short are symmetric on a perpetual: the same ticket, the same margin either way, and no borrow to locate. That symmetry is the main practical reason to use a perp rather than buying the underlying.
- Do I need an account or KYC with the venue?
- No venue account. You trade from a self-custodial wallet funded with USDC. Whether the product is available to you, and any obligations that follow, depend on your jurisdiction and are yours to check.
Take the next step in Hypertradeworx
Move from reference to the live product when you are ready.
Hypertradeworx is an independent trading terminal and is not built, operated or endorsed by any venue it routes to, or by the issuer of any asset named here. Nothing on this page is investment advice, and perpetual futures can lose more than your initial margin.