Solana Price in USD
PerpetualAbout Solana (SOL)
Solana (SOL) is available for trading on Dexly — a non-custodial interface to the Hyperliquid ecosystem. By trading SOL perpetuals, you can gain leveraged exposure to Solana price movements without owning the underlying asset. The market supports up to 20x leverage, enabling capital-efficient strategies.
How Leverage Works
Leverage allows you to control a larger position with less capital. For example, with 10x leverage a $1,000 deposit lets you trade $10,000 worth of SOL. While this amplifies potential profits, it also increases the risk of liquidation if the price moves against your position.
Perpetual Contracts Explained
A perpetual contract is a derivative that tracks Solana's price without an expiry date. You can hold positions indefinitely as long as you maintain sufficient margin. A funding rate mechanism — paid hourly between longs and shorts — keeps the contract price aligned with the spot index.