# Basics

Supercexy allows you to trade both **Spot** and **Perpetual (Perps)** markets on Hyperliquid, giving you full flexibility over your trading strategy.

#### Spot Trading

Spot trading lets you **buy and sell crypto assets directly** at current market prices.

* You can exchange tokens such as **USDC, BTC, ETH, SOL, or HYPE** instantly.
* Ownership of the asset transfers immediately after the trade is executed.
* Spot markets are ideal for **simple trades**, portfolio rebalancing, or **long-term accumulation**.

To place a spot trade:

1. Select the trading pair (e.g. **BTC/USDC**).
2. Choose the type of order you want to use.
3. Confirm your trade
4. The asset is credited directly to your account.

#### Perpetual Trading (Perps)

Perpetual contracts allow you to **trade crypto with leverage**, without owning the underlying asset.

* You can open **long positions** (profit when price rises) or **short positions** (profit when price drops).
* Positions remain open indefinitely; there is **no expiration date**.
* A small **funding rate** keeps perp prices in line with spot markets.

To open a perpetual position:

1. Select your market (e.g. **ETH-USD**).
2. Choose leverage and order type.
3. Confirm to open your position. It will appear in the **Positions** tab, where you can monitor PnL, margin, and liquidation levels.

#### Key Differences

| Feature      | Spot                      | Perpetuals                       |
| ------------ | ------------------------- | -------------------------------- |
| Ownership    | You own the asset         | You hold a contract              |
| Expiration   | None                      | None                             |
| Leverage     | No                        | Yes                              |
| Funding Rate | No                        | Yes                              |
| Use Case     | Buying, holding, swapping | Short/long, hedging, speculation |

Whether you prefer simple swaps or leveraged strategies, Supercexy provides the **speed, transparency, and control** you need, powered by **Hyperliquid**.


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://supercexy.gitbook.io/supercexy-docs/trading/basics.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.