Immediate quote
Market
Requests a simulated opening using the latest available market quote. The quote may change or fail to load; this is not guaranteed execution at the displayed price.
EVM: market open actionMemePerp / About
The markets move fast.
Know your position.
MemePerp brings token discovery, market information and perpetual-style trading tools into one multi-network interface. Choose a market, take a long or short view, and follow positions, orders and P&L in one place.
02
Technology & trading flow
MemePerp connects a chain-aware market interface to external quote sources, wallet identity and trading controls. The interface brings those pieces together; the current testnet still records trading outcomes in practice accounts.
01
Market discovery
Search token markets on the selected network. External data providers supply prices and market details; quote availability and eligibility checks determine which markets can be used.
02
Wallet-aware accounts
A compatible wallet identifies the account and network. On the EVM testnet paths, a signed message proves account control and a separate message confirms each account-changing action.
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Position controls
Set a side, margin, leverage and order type, then monitor open positions, pending orders and P&L. The testnet engine applies its own margin, fee, trigger and liquidation calculations.
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Account history
The terminal shows balances, positions and activity for the selected account. Testnet results are simulated and do not prove that a live venue could offer the same fill or price.
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Supported networks
MemePerp has network-specific market views for Solana, Robinhood Chain and BNB Smart Chain. Network selection affects the wallet context, market-data lookup and, in the current testnet experience, the account and collateral denomination.
SOL
SolanaThe Solana testnet path uses SOL-denominated test balances and Solana-compatible wallet flows. It is distinct from the EVM simulator described below.
Solana testnetRH
Robinhood ChainEVM simulation account with ETH-denominated practice collateral. For the ETH/USD reference market, the app uses an Ethereum WETH/USD quote—not a fabricated Robinhood Chain token pair.
EVM · simulatedBNB
BNB Smart ChainEVM simulation account with BNB-denominated practice collateral. Market lookups are scoped to BNB Smart Chain token pairs.
EVM · simulatedBalances and positions on one EVM network are not shared with the other network. Collateral conversion to a displayed USD value uses a live reference quote and can change.
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Testnet & mainnet: what changes?
The main difference is whether a trade is only a practice-account result or an actual order involving real assets. Here is what MemePerp offers now versus what a live mainnet product would require.
| Area | Testnet available now | Mainnet |
|---|---|---|
| Availability | Interactive trading terminal. | Preview and early-access signup only; live trading is not enabled. |
| Balance & settlement | Solana testnet balance or EVM practice credits. Simulated positions cannot be redeemed as real assets. | Real funds and settlement would require a separate, live trading implementation. Do not deposit funds for the testnet. |
| Wallet approval | EVM actions use signed messages to authorize simulator changes, not on-chain order transactions. Solana uses its separate testnet flow. | Any future real-funds flow would require its own wallet, network and transaction disclosures before launch. |
| Prices & outcomes | External market data informs simulated fills, P&L and triggers; they are estimates, not exchange executions. | A live venue would have actual execution, fees and market risks. No live fills are available here today. |
For the current testnet: choose a network and connect a compatible wallet, add test balance where needed, and explore orders and positions. EVM accounts are separate for each network and address; the Solana flow uses different testnet tooling. Read the details below before approving a wallet prompt.
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Wallets & signatures
Connecting identifies the account you want to practice with. It does not mean the simulator has custody of your assets. On EVM networks, the interface uses signed messages for sign-in and for confirming actions that change the simulated ledger.
What you may be asked to sign
| Prompt | Purpose in the EVM simulator |
|---|---|
| Sign-in message | Proves control of the connected address for a temporary application session. The message explicitly states that no transaction or funds will be transferred. |
| Action confirmation | Confirms the particular simulated action and its details, such as order side, margin, leverage, order type, or position-management request. |
| Blockchain transaction | EVM simulated orders do not require an on-chain transaction. If a wallet presents an unexpected transaction prompt, stop and inspect it rather than assuming it is part of an EVM simulator order. |
Message signing does not move tokens, but always read wallet prompts before approving them. EVM sign-in sessions are temporary; reconnect and sign in again if a session has expired. The Solana testnet uses a separate wallet path and may show testnet-specific prompts.
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Test balances
EVM practice credits
On Robinhood Chain and BNB Smart Chain, “Add test balance” credits a server-side simulated ledger in ETH or BNB units. The amount is converted using the current collateral quote. No ETH or BNB is deposited, withdrawn, bridged, or transferred by this EVM balance action.
The EVM simulator currently accepts additions worth $1–$1,000 per request, with a maximum of $1,000 in test balance per six-hour window on each selected chain. These are app limits, not wallet funding instructions.
Solana test balance
The Solana tab is a separate testnet flow and displays SOL-denominated test balance. Its “Add test balance” action requests test SOL through the Solana testnet path; testnet tokens are not mainnet SOL and have no intended monetary value. Confirm which network your wallet is using before continuing.
Displayed USD values are estimates. The application converts the simulated native-unit balance using an external ETH or BNB price quote. Quote availability, rounding, and market movement can affect the displayed figure.
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Orders & triggers
Perpetual positions let you practice taking a long or short view with simulated leverage. An order is a request interpreted by the simulator—not an instruction submitted to a real exchange.
Wait for a level
Limit
A pending EVM order checks its trigger against fetched market data. A long limit is eligible at or below its trigger; a short limit at or above it.
EVM: long ≤ trigger · short ≥ triggerWait for a move
Stop
Available for EVM pending orders. A long stop is eligible at or above its trigger; a short stop at or below it. A trigger is not a promise of a fill at that price.
EVM: long ≥ trigger · short ≤ triggerTo leave a limit order pending, its price must be below the current quote for a long or above it for a short. The app rejects a limit that could fill immediately; use Market if you want to open now. Pending EVM orders reserve simulated margin and an estimated opening fee. They may be cancelled while pending; cancellation releases the reserved ledger amount. Orders expire after seven days. Automatic checks run periodically, and an unavailable or ineligible quote will not trigger a simulated fill.
The Solana interface has its own order implementation. Do not assume EVM order rules, limits, or trigger timing apply identically to the Solana path.
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Positions & margin
A position view can show side, entry and mark prices, margin, leverage, unrealized P&L, and a liquidation estimate. For EVM accounts these are simulator calculations over external quotes and a simulated ledger; they are not a broker statement or on-chain position.
- Isolated
- In the EVM simulator, the position’s own practice margin is used in its margin calculation. A simulated loss is bounded by the posted margin in the ledger’s isolated-close calculation.
- Cross
- The EVM simulator can include that chain-and-wallet account’s available practice balance and other cross-position equity in its simulated cushion. It does not draw funds from another wallet or network.
- Leverage
- Magnifies the simulated notional exposure relative to margin and also magnifies the effect of price changes on ROI. EVM position and order endpoints currently allow 1×–20×.
- Liquidation
- A modelled threshold based on maintenance margin and the latest available quote. It is an approximation, not a real liquidation process or a guaranteed warning price.
EVM simulated accounts currently allow up to ten open positions and pending orders combined. The app can reject a second position or pending order for the same token until the existing one is closed or cancelled.
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Manage a position
| Action | What it does in the EVM simulation | Keep in mind |
|---|---|---|
| Reduce | Requests a partial reduction of an open simulated position. | Confirmation is required; the current quote is used for the simulated action. |
| Take profit | Sets an ROI threshold intended to close the simulated position when reached. | Threshold checks depend on fresh market data and periodic processing; no fill price is guaranteed. |
| Stop loss | Sets a negative ROI threshold intended to close the simulated position when reached. | A stop setting cannot cap losses at an exact price in fast markets or during quote gaps. |
| Close | Requests a full simulated close using the latest available live market quote. | It does not send a transaction or guarantee the displayed quote remains current. |
| Cancel order | Cancels an eligible pending simulated order and returns reserved practice balance to the ledger. | Filled, expired, or already-cancelled orders cannot be cancelled as pending. |
On the EVM simulator, TP/SL values are expressed as ROI thresholds. The backend accepts take-profit ROI above zero up to 1,000% and stop-loss ROI below zero down to −100%. These settings are monitoring rules, not guaranteed execution or protection.
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Markets & pricing
Market discovery and quotes are provided by external market-data services, not generated by an order book operated by MemePerp. The EVM market lookup selects a token pair on the chosen chain and applies basic eligibility checks.
EVM market eligibility: token markets currently need at least $50,000 in reported liquidity and $100,000 in reported market capitalization to be used. Robinhood Chain’s ETH reference is an exception: it uses an Ethereum WETH/USD reference quote because the product does not use a fabricated Robinhood ETH pair.
Token pair quotes can be missing, stale, inconsistent, or temporarily unavailable. EVM collateral quotes are also external and required for converting ETH or BNB collateral to USD. When a quote cannot be obtained, the app may decline an action, show incomplete values, or skip an automatic check rather than fill using a made-up quote.
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Risks & limitations
Perpetuals and leverage are high risk even when exploring the mechanics in a simulator. Practice outcomes cannot reproduce every market or operational condition.
Leverage magnifies lossesA small price move against a leveraged position can materially reduce its simulated equity and may reach the modelled liquidation threshold.
Quotes are not execution pricesExternal prices can lag, gap, or differ from prices available elsewhere. The simulator does not guarantee a fill, price, or execution time.
Automation depends on availabilityPending orders and TP/SL checks need usable market and collateral quotes. Delays, provider outages, or an ineligible market can prevent an expected trigger.
Simulations omit real-world market mechanicsDisplayed results do not establish real liquidity, funding conditions, slippage, counterparty access, or the ability to trade a token in a live venue.
Test credits are not assetsEVM practice balances are application ledger entries. They are not redeemable, withdrawable, transferable, or claims on ETH, BNB, or another asset.
Not a security or audit claimThis guide makes no claim that the application, wallet integrations, data sources, or any smart contract have been independently audited or are risk-free.
Use the simulator to learn the interface—not to decide that a live strategy is safe. Nothing on this page is investment, legal, or tax advice. Never sign a wallet request you do not understand.
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Quick answers
Will an EVM practice order move funds from my wallet?
No. Robinhood Chain and BNB Smart Chain testnet trading actions operate on a simulated account ledger. Wallet message signatures confirm sign-in or the specific requested action; the simulator does not transfer wallet funds for these orders or balance credits.
Why does the wallet ask me to sign?
The signature associates you with the selected account or confirms the details of a simulated action. EVM prompts are signed messages, not order transactions. Review the text in the wallet before signing; reject unexpected prompts.
Does a trigger guarantee a fill?
No. A trigger is evaluated against available quote data. Market movement, price-source delays, eligibility checks, or service availability can affect whether and when the simulator processes it.
Can I withdraw or redeem a test balance?
No. EVM test balances exist only in the simulated ledger and cannot be withdrawn, redeemed, or transferred. Solana test balances are part of the testnet experience, not mainnet assets.
Is this mainnet trading?
MemePerp’s current trading experience is a testnet simulator designed for stress testing and to help deliver a smooth experience for our users. We anticipate a high inflow of users at launch, so access to liquidity-backed mainnet trading will be released in batches. Sign up for early beta access.