> ## Documentation Index
> Fetch the complete documentation index at: https://faction.trade/docs/llms.txt
> Use this file to discover all available pages before exploring further.

# Trading FAQ

> Common questions about orders, leverage, liquidation, and fees.

<AccordionGroup>
  <Accordion title="What are the trading fees?">
    Trading fees are set by Hyperliquid, not Faction Trade. Fees vary based on order type (maker vs taker) and your Hyperliquid fee tier. Check [Hyperliquid's documentation](https://hyperliquid.gitbook.io) for the latest fee schedule.
  </Accordion>

  <Accordion title="What is the maximum leverage?">
    Up to 20x leverage is available, though the exact maximum depends on the asset. You can adjust leverage per asset using the leverage button in the trade panel.
  </Accordion>

  <Accordion title="How does liquidation work?">
    Liquidation happens when your margin can no longer sustain the losses on a position. The exchange force-closes the position to prevent further losses. Your liquidation price is shown in the positions panel. Use lower leverage and set stop losses to reduce liquidation risk. See [leverage and margin](/trading/leverage-margin) for a full explanation.
  </Accordion>

  <Accordion title="Can I trade spot?">
    No. Faction Trade is a perpetual futures trading platform. All markets are perpetual contracts on Hyperliquid — there is no spot trading.
  </Accordion>

  <Accordion title="What assets are available?">
    Faction Trade offers all perpetual markets available on Hyperliquid. Use the asset selector on the trade page to browse the full list of tradable assets.
  </Accordion>

  <Accordion title="Why did my limit order not fill?">
    A limit order only fills when the market price reaches your specified limit price. If the price has not reached your limit, the order stays open in the order book. You can view and cancel pending orders in the **Open Orders** tab.
  </Accordion>

  <Accordion title="What is the funding rate?">
    The funding rate is a periodic payment between long and short position holders. It keeps the perpetual contract price aligned with the spot price. A positive funding rate means longs pay shorts; negative means shorts pay longs. The rate and next payment countdown are displayed in the asset selector bar.
  </Accordion>

  <Accordion title="Is there a minimum trade size?">
    Minimum trade sizes depend on the specific asset and are determined by Hyperliquid. The order form will inform you if your size is below the minimum.
  </Accordion>

  <Accordion title="What happens if I close my browser with open positions?">
    Your positions remain open on Hyperliquid regardless of whether the Faction Trade app is open. Any set TP/SL orders also remain active. You can return at any time to manage your positions.
  </Accordion>
</AccordionGroup>