Hyperliquid
What Hyperliquid is, the parts of its ecosystem that matter for trading, and exactly which of them this app integrates.
Hyperliquid is the first live venue in the app. It is a perpetual-futures exchange that runs on its own high-performance L1, with a fully on-chain order book — not an AMM, and not a centralized matching engine you have to trust. This page explains the parts of the Hyperliquid ecosystem you will actually touch, and is precise about which of them the app integrates and which it deliberately leaves alone.
If you want the general idea of how any venue plugs in behind one port, read DEX aggregation first. This page is the venue-specific detail for Hyperliquid.
What Hyperliquid is
Hyperliquid is two layers that share one account:
- HyperCore is the trading layer: the on-chain order book, the perpetuals and spot markets, margin, and settlement. This is where your orders, positions, and balances live.
- HyperEVM is a general-purpose EVM chain attached to the same system. Spot tokens can move between HyperCore and HyperEVM, which is what lets Hyperliquid assets interoperate with ordinary EVM tooling.
Your funds sit in two sub-accounts on HyperCore: a Perp account that holds USDC margin for perpetual positions, and a Spot account that holds tokens. USDC moves between them with a signed transfer. Everything is custodied by your own keys — Hyperliquid never holds your account, and neither do we. See Self-custody.
What it means for you
You trade Hyperliquid through the same screen as every other venue. The order ticket, charts, orderbook, positions table, and portfolio all behave identically — the app handles Hyperliquid's quirks behind the scenes, so they never reach the screen.
Before you can trade, Hyperliquid needs a one-time setup (a first deposit, then two signing approvals). After that, you place Market, Limit, Stop, and TWAP orders, manage leverage and margin mode, and move funds in and out — all signed by you, in your browser. Getting started walks the setup step by step.
The ecosystem, and what the app supports
Hyperliquid is more than a single perp order book. Here is the map, with what the app does with each piece.
| Part of Hyperliquid | What it is | App support |
|---|---|---|
| Perp markets | USDC-margined perpetual futures, the core product. | Full: live prices, orderbook, charts, order placement, positions, leverage and margin-mode control. |
| Spot markets | On-chain spot order books for tokens. | Balances and holdings are read; spot tokens are sendable and movable between Core and EVM. |
| HIP-3 builder dexes | Permissionless, builder-deployed perp markets with namespaced symbols (e.g. xyz:NVDA). | Positions and equity across every dex are aggregated, not just the main one. |
| Account modes | Classic, unified, and portfolio-margin balance layouts. | Detected automatically and shown as the correct account value (see below). |
| Vaults / HLP | Yield vaults, including the protocol's own HLP. | Vault equity counts toward your net worth, but never toward buying power. |
| Unit-bridged spot | Bridged assets listed under a U-prefixed name (UBTC, UETH). | Shown under their canonical symbol and icon (UBTC → BTC). |
| Agents (API wallets) | Delegated signing keys so orders don't need a wallet popup each time. | One named agent per account, approved during onboarding. |
| HyperEVM | The attached EVM chain. | Move spot tokens between HyperCore and HyperEVM in both directions. |
Order types the venue exposes and the app supports: Market, Limit, Stop Market, Stop Limit, and TWAP. Funding is exchanged hourly between longs and shorts — it is a Hyperliquid mechanic, not a fee the app charges. The fee detail, including the standard tier and the builder fee, is on the Fees page.
Account modes, handled for you
This is the single most important Hyperliquid quirk, and the clearest example of the app absorbing an exchange's oddities for you.
Hyperliquid accounts have an account mode. A classic account keeps its perp margin where you would expect. A unified or portfolio-margin account keeps all balances on the spot side, and the obvious "perp balance" figure reads close to zero even when the account is fully funded.
A careless integration reads that figure, sees ~0, and shows a funded account as empty — a real, money-relevant mistake. The app detects your mode and always shows the correct account value, so the rest of the app — the order ticket, the trade gate, the portfolio page — never sees the wrong number. The quirk stays sealed inside the Hyperliquid integration.
Builder-deployed markets (HIP-3)
HIP-3 lets anyone deploy a new perp market on Hyperliquid. These markets carry namespaced symbols like xyz:NVDA, and a position you hold on one of them lives on a different dex from the main order book.
The catch: Hyperliquid's main-account snapshot reports the main dex only, so a position held purely on a HIP-3 dex would be invisible to a reader that trusts that snapshot. The app sums perp equity and unrealized PnL across every dex you have a position on, so your net worth and open positions are complete regardless of which builder market they sit in.
Getting set up
Trading at Hyperliquid needs a one-time, three-step readiness flow, each step signed by you:
- First deposit — fund your Hyperliquid account. This is a one-time milestone: withdrawing everything later does not undo it. ("Can this account trade right now" is a separate, live check at the order button.)
- Approve an agent wallet — a delegated signing key so your orders are signed without a popup every time. The app uses one named agent per account; Hyperliquid caps a master at three named agents, and the app reuses or replaces rather than minting new ones.
- Approve the builder fee — a small, capped routing approval the venue requires, signed once.
Each approval reads live from the chain, so the agent and builder steps can reopen if you tear that setup down (for example, by revoking the agent). That is correct — you genuinely cannot route orders without them in place.
Moving funds
The app implements Hyperliquid's full set of fund movements, each a user-signed action:
- Deposit USDC from Arbitrum into your Hyperliquid account.
- Withdraw USDC to Arbitrum (a small flat fee applies, and it arrives in a few minutes).
- Transfer USDC between your Spot and Perp sub-accounts.
- Send USDC or a spot token to another Hyperliquid address (instant, no L1 fee).
- Core ⇄ EVM — move a spot token between HyperCore and HyperEVM in either direction.
None of these route through our server. Your browser signs and broadcasts them directly.
Self-custody on Hyperliquid
Everything that moves money is signed by you. Placing or cancelling an order, moving funds, and the onboarding approvals are all signed in your browser with your own keys, sent straight to Hyperliquid with no server in the path. The only delegated key is the Hyperliquid agent, scoped to signing trading actions for your account — it cannot move your funds out. The full boundary, including the separate AI-payment wallet, is on the Self-custody page.