Product · Perps
Your perp, without a line to hunt
On a public perps venue, anyone can read your size, leverage and liquidation price. Mutexa splits one perp across accounts nobody can connect, with different margin on each, so trackers see ordinary users and a band instead of a line.
Line to band
One liquidation price becomes a band
Liquidation price depends on margin. Give every slice different margin and the slices break at different prices. Pushing price to the top of the band liquidates one small slice, not the whole position, and nobody watching can tell the slices belong together.
Why it matters
A public liquidation price is a target
A whale hunt, organised in public
A trader recruited others on X to push Bitcoin into the $85,592 liquidation level of a Hyperliquid whale's 40x short, worth about $368M.
Read source$36.8M sold to defend a short
A whale sold about $36.8M of HYPE to defend a $103M short as price approached the liquidation level everyone could see.
Read sourceLiquidated seven times in ten hours
A closely watched ETH long on Hyperliquid was liquidated again and again while trackers broadcast each new liquidation zone.
Read source391 BTC short, liquidation shown
Trackers showed a 391 BTC short at 13x with its liquidation price, about $99,801, for anyone to aim at.
Read sourceTracker view
See yourself the way trackers do
Tracker view shows your slices the way public trackers and analysts see them, before and after a trade. Toggle to compare one whale with one line against ordinary accounts on a band.
| Wallet | Size | Lev | Liq |
|---|---|---|---|
| 0xb3…77fWhale alert | $8.62M | 11x | $93,140 |
Perps toolkit
Every piece of the position, handled
Position splitter
Open one perp. Mutexa spreads it across fresh accounts that cannot be linked to you or to each other.
Liquidation ladder
Different margin per slice puts your liquidation risk on a band instead of a single line.
Alert-safe sizing
Each slice stays below common whale-alert sizes on its venue, so copy-traders have nothing to follow.
Jittered execution
Slices open with randomized timing and size, so they never land at the same moment with the same size.
Maker slices and private TWAP
Rest post-only orders where the venue has an order book, and work large entries and exits across slices over time.
Hidden stops
Take-profit and stop-loss stay on your device until they trigger. No resting stop for anyone to hunt.
Slice risk engine
Near the closest liquidation level, your device adds margin through the rail or trims that slice.
Private exit
Slices close with jitter and funds return through the rail to a fresh address or a shielded pool.
Where it runs
Perps venues
- 01HyperliquidFees through Hyperliquid builder codes where that doesn't weaken privacy.
- 02Jupiter Perps and other Solana perpsFees through Jupiter referral fees where that doesn't weaken privacy.
- 03EVM perps on Arbitrum and BaseAdapters for the largest public order books and pools.
Candidate venues from the whitepaper. Launch venues are announced at launch.
Keep reading
Ready to go unseen?
Get early access to the first venue, and read exactly what it hides and what it can't.
Non-custodial · Keys never leave your device · Independent audit before launch