Flipper Perps Testnet Guide

Flipper Perps Testnet is a live testing environment for Flipper’s perpetual trading flow.

It lets users try the core product experience without using real funds: connect a wallet, request devnet assets, deposit test collateral, choose a market, open a test position, track it, close it when needed, and withdraw the remaining test balance.

The testnet is designed to help partners and early users understand how Flipper Perps works before mainnet release.

Testnet assets have no real market value. They are used only for product testing.

Note: Flipper Perps Testnet is an active testing environment, and the interface may continue to change as the product evolves. The Flipper team is constantly improving the user experience, trading flow, and visual design. Because of this, some screens or UI elements in this guide may look different from the latest version of the app, while the main testing steps remain the same.

Start here

Go to:

https://app.flpp.io/perps-testnet

This opens the Flipper Perps Testnet interface.

The app has two main areas:

Trading Mode
The main trading terminal where users open and manage positions.

Market Pulse
A market overview page where users can browse available markets, compare basic market data, check DEX availability, and open a selected market in the trading terminal.

Connect your wallet

To start testing, click Connect Wallet in the top-right corner.

This connects your wallet to the testnet interface and allows you to access the account panel, request devnet funds, deposit collateral, and confirm test transactions.

Connect your wallet from the top-right corner.

Choose a wallet

Select the wallet you want to use for testing.

Flipper Perps supports common Solana wallet options such as Phantom, Solflare, Backpack, and other available wallet connection methods.

Choose the wallet you want to connect.

Confirm the wallet connection

Your wallet will ask you to confirm the connection request.

Check that the request comes from the official Flipper app, then confirm it in your wallet.

Flipper never asks for your seed phrase or private key. The wallet remains fully under the user’s control, and every important action is confirmed directly through the connected wallet.

Confirm the connection request in your wallet.

Open your wallet profile

After the wallet is connected, the wallet/profile button appears in the top-right corner.

Click it to open the account panel.

This panel gives access to account balances, deposits, withdrawals, the devnet faucet, portfolio view, activity history, and wallet controls.

Open your wallet profile from the top-right corner.

Request devnet assets

Inside the wallet profile panel, click Devnet Faucet.

The faucet is used to request test assets for the Flipper Perps testnet. These assets are created only for devnet testing and cannot be used as real funds.

Open Devnet Faucet from the wallet profile panel.

Select assets from the faucet

In the faucet window, choose the assets you want to request and click Request.

Available assets may include USDC, SOL, USDT, wBTC, and wETH.

Request devnet assets for testing.

Deposit test collateral

After receiving devnet assets, return to the wallet profile panel and click Deposit.

Depositing moves test assets from the connected wallet into the Flipper Perps trading account. This test balance is then used as collateral for opening positions.

Deposit test assets into your Flipper Perps trading account.

Choose collateral and amount

In the deposit window, select the collateral asset, enter the amount, and click Deposit.

The window shows the expected balance changes before confirmation, including wallet balance, trading margin, deposit fee, and remaining capacity.

After clicking Deposit, the connected wallet will ask you to confirm the transaction. Once confirmed, the trading balance updates inside Flipper Perps.

Choose collateral, enter the amount, and confirm the deposit.

Choose a market

Flipper Perps gives users two ways to move through the trading flow.

Users can trade directly from Trading Mode, or browse markets first through Market Pulse.

Market Pulse helps users review available markets before opening a trade. It shows market categories, price changes, volume, funding, available DEX routes, and a direct Trade button for each market.

Use filters or search to find the market you want to test. Then click Trade to open it in Trading Mode.

Use Market Pulse to find a market and open it in Trading Mode.

Set trade details

After selecting a market, the trading terminal opens.

Use the right-side trading panel to set up the test position.

Here users can choose direction, collateral, margin, leverage, and order type. The panel also shows estimated values such as margin, fee, effective collateral, position size, liquidation price, and available margin.

The AI Assistant provides additional execution context before the order is confirmed. It shows how the order may be routed across supported DEXs, estimated fees, route confidence, and estimated savings compared with single-venue execution.

This gives users more visibility before they place the trade.

Set the trade details in the trading panel.

Review and confirm the order

After clicking Open Long or Open Short, Flipper opens an order confirmation window.

Review the order details before confirming. This window summarizes the selected market, direction, margin, leverage, estimated fee, effective collateral, position size, liquidation price, execution route, and estimated AI savings.

If everything looks correct, click Confirm.

The connected wallet will then ask you to confirm the transaction.

Review the order details before confirming the trade.

Track your open position

After the transaction is confirmed, the position appears in the Positions section.

This section shows the key details of the active position, including market, leverage, status, size, entry price, mark price, PnL, liquidation price, and opening time.

The same section also contains the position action control. Users can use this control to close the position when needed.

Open positions appear in the Positions section.

Close a position when needed

If the user decides to close an active position, they can use the action control in the Positions section.

After selecting the close action, Flipper shows the closing flow and the connected wallet may ask for transaction confirmation.

Once the position is closed, Flipper may display a PnL summary card. This card shows the final result of the test trade and may include a share option, making it easy to save or share the position result.

Withdraw remaining test balance

After testing the trading flow, open the wallet profile panel and click Withdraw.

Enter the amount you want to withdraw and confirm the transaction in your wallet.

This moves the remaining test balance from the Flipper Perps trading account back to the connected wallet.

Withdraw remaining test balance after testing.