Getting started
LEVER lets you go long or short on listed memecoins (pump.fun or Raydium pools) at 2x. Every trade is against the house vault, a pool of SOL held by the LEVER program on Solana. There is no order book and no one has to take the other side: the vault takes every trade. Prices come from each coin's own pump.fun pool.
When you open, the vault sets aside the most your position can win, so every winner can be paid. The most you can lose on a position is what you put in.
How a trade works
- Pick a listed coin. Coins are listed after holding a $100,000+ market cap for 4 hours. See Listing.
- Deposit. You put in SOL (HYPE on HYPE markets). The open fee comes out first. The rest is your margin.
- Long or short. Your position size is margin × 2x.
- Close any time. Nothing can block a close: not a pause, not a close-only market, not the daily loss limit.
- Get paid from the vault. You get your margin plus or minus your PnL, minus funding and fees. Profit is capped at +100% of margin.
Connect a wallet
Phantom, Solflare and Backpack work. Click Connect and approve. Connecting shares your address only. Every open and close is a separate signature.
Market states
- Active: you can open and close.
- Opening soon: listed less than 4 h ago. Opens unlock when the wait ends.
- Close-only: paused, or the pool got too thin. Open positions close normally.
The price shown is the 1-minute average of the pool price. See Trading.
Your first trade
- Choose Long or Short.
- Enter a deposit between 0.005 and 2.5 SOL.
- Set your slippage. The trade fails rather than fill worse than that.
- Check the confirm sheet: every amount you pay and the worst price you accept.
- Sign.
Your first trade is free to open if the deposit is 0.5 SOL or less.
A 1 SOL long, market order:
| Item | Value |
|---|---|
| Deposit | 1.00 SOL |
| Open fee (1% of 2.00 SOL size) | 0.02 SOL |
| Margin | 0.98 SOL |
| Position size | 1.96 SOL |
| Most you can win, set aside by the vault | 0.98 SOL, before the 10% profit fee |
| Close fee (1% of size) | 0.0196 SOL |
| Liquidation at open | price −45% |
| Max profit reached at | price about +50% |
After you open
Your position shows side, size, margin, entry, PnL, funding so far and the expiry time. Two lines mark its range:
- Liquidation line. If the price gets here, you lose the margin. It starts 45% from entry and creeps closer as funding adds up. See Liquidation.
- Max profit line. Past this price your payout stops growing.
You can set a take profit or stop loss, or close part of the position, from the same row.
Positions expire 7 days after they open. After that anyone can close yours at the normal price, and the money goes to you. See Expiry and wind-down.