COMPLETE TRADING GUIDE
How to Trade on Hyperliquid
Hyperliquid is a high-performance decentralized perpetual exchange built on its own L1 blockchain. It combines the speed and UX of centralized exchanges with the transparency and self-custody of DeFi - no KYC, no account signup, and zero gas fees on trades.
Whether you're placing your first market order or running advanced strategies with TWAP and scale orders, this guide covers everything you need to trade effectively on Hyperliquid. Start with the overview below, then dive into the detailed guides for each feature.
Trading at a Glance
Zero
Gas fees on trades
<1s
Order execution
150+
Perpetual markets
Up to 50x
Leverage available
Why Traders Choose Hyperliquid
Most decentralized exchanges force traders to choose between speed and security. Hyperliquid eliminates that tradeoff. Every order - market, limit, stop, or TWAP - settles on-chain in under a second with no gas fees, while you maintain full custody of your funds. The entire order book is on-chain and transparent, unlike CEX "black box" matching engines.
The platform supports advanced order types that rival professional trading terminals: scale orders for DCA entries, TWAP for large position building, and multi-leg TP/SL configurations. Combined with up to 50x leverage and low trading fees (0.045% taker / 0.015% maker), Hyperliquid is where serious DeFi traders have moved.
Beyond crypto perpetuals, Hyperliquid now offers spot trading, equity and commodity perpetuals (trade stocks like NVDA 24/7), lending and borrowing, and a growing DeFi ecosystem powered by HyperEVM.
Trade With a 4% Fee Discount
Every order type costs less with our referral link. Get a 4% lifetime trading fee discount on all your trades.
Start Trading - Save 4%Key Trading Features
Order Types
Market, limit, stop-loss, take-profit, TWAP, scale orders, and more. Every order type a professional trader needs.
Order Types Guide →Leverage Trading
Up to 50x leverage with cross or isolated margin. Understand liquidation mechanics and risk management.
Leverage Guide →Spot Trading
Buy and hold tokens directly on Hyperliquid with a fully on-chain order book and deep liquidity.
Spot Trading Guide →Copy Trading
Follow top-performing traders and automatically mirror their positions with configurable sizing and risk controls.
Copy Trading Guide →Equities & Commodities
Trade stock and commodity perpetuals (NVDA, gold, oil) 24/7 on Hyperliquid via HIP-3 builder markets.
Equity Perps Guide →Lending & Borrowing
Earn yield by lending USDC or borrow against your portfolio. Integrated directly into the Hyperliquid platform.
Lending Guide →Frequently Asked Questions
How do I start trading on Hyperliquid?
Connect a compatible wallet (MetaMask, Rabby, or Phantom), deposit USDC via the built-in bridge from Arbitrum, and you can start trading immediately. No KYC, no email signup, and no account creation required.
What fees does Hyperliquid charge?
Hyperliquid charges 0.045% taker and 0.015% maker fees for perpetual trades, and 0.070% taker and 0.040% maker fees for spot trades at the base tier. Fees decrease as your 14-day trading volume increases. Staking HYPE can unlock additional discounts of up to 40%.
What leverage is available on Hyperliquid?
Hyperliquid offers up to 50x leverage on major assets like BTC and ETH. Leverage limits vary by asset - large-cap tokens typically support 20-50x, while smaller tokens may be limited to 3-10x. You can adjust leverage per position using cross or isolated margin.
Is Hyperliquid safe to use?
Hyperliquid is a non-custodial exchange - you retain control of your funds at all times. It runs on its own L1 blockchain with a fully on-chain order book. There is no centralized entity holding your assets, and you can withdraw at any time without permission.
Do I need KYC to trade on Hyperliquid?
No. Hyperliquid requires no KYC, no email, and no account registration. You connect a wallet and start trading. This makes it one of the most privacy-friendly perpetual exchanges available.
What markets can I trade on Hyperliquid?
Hyperliquid supports 150+ perpetual futures markets covering crypto, plus equity perpetuals (stocks like NVDA, TSLA, AAPL) and commodity perpetuals (gold, silver, oil) via HIP-3 builder markets on trade.xyz. Spot trading is also available for select tokens.
All Trading Guides
After-Hours Trading on Hyperliquid - Trade Stocks & Commodities 24/7
Learn how to trade stocks, commodities, and indices after market hours using Hyperliquid and trade.xyz. Step-by-step guide with fees, available markets, and real examples.
How to Trade Commodities on Hyperliquid - Oil, Silver, Gold & More
Complete guide to trading commodity perpetuals on Hyperliquid via trade.xyz. Learn how to trade oil, silver, gold, and other real-world assets 24/7 with crypto-native leverage.
Equity Perps on Hyperliquid - Trade Stocks 24/7 via trade.xyz
Guide to trading equity perpetuals on Hyperliquid via trade.xyz (HIP-3). Get leveraged exposure to NVDA, TSLA, AAPL, and 15+ stocks 24/7 with no KYC, no broker, and USDC margin.
Hyperliquid Order Types Explained: Complete Guide to Limit, Market, Stop-Loss & More
Learn every order type on Hyperliquid - market, limit, stop-loss, take-profit, TWAP, and scale orders. Practical examples and when to use each one.
Hyperliquid Copy Trading Guide: Vaults, Copin & Third-Party Tools
Learn how to copy trade on Hyperliquid using native vaults and third-party platforms like Copin. Step-by-step setup, trader evaluation metrics, and risk management strategies.
Hyperliquid Funding Rates Explained: How They Work & How to Profit (2026)
Learn how Hyperliquid funding rates work, how they're calculated, and how to use funding rate arbitrage to profit. Complete guide with formulas, examples, and live rate tool.
Best Hyperliquid Trading Tools - Terminals, Dashboards, Bots & More
The complete guide to Hyperliquid trading tools in 2026. Discover the best trading terminals, analytics dashboards, copy trading platforms, mobile apps, and automation bots built for Hyperliquid.
How to Lend & Borrow on Hyperliquid: Felix Protocol & HyperLend Guide
Learn how to lend and borrow on Hyperliquid using Felix Protocol and HyperLend. Step-by-step guide to lending pools, CDP borrowing, feUSD minting, and yield strategies on HyperEVM.
Hyperliquid Leverage Trading Guide: How Margin, Leverage & Liquidation Work
Understand how leverage, margin, and liquidation work on Hyperliquid. Learn cross vs isolated margin, how to set leverage, and risk management strategies.
Hyperliquid Liquidation Explained: How It Works & How to Avoid It (2026)
Learn how liquidation works on Hyperliquid, how to calculate your liquidation price, and proven strategies to avoid getting liquidated. Includes worked examples and formulas.
Hyperliquid Unified Account Guide: How Unified Accounts, Margin Modes & Account Abstraction Work
Understand Hyperliquid's unified account mode - how it merges spot and perps balances, replaces DEX abstraction, enables HIP-3 cross margin, and simplifies your trading experience.
Hyperliquid Tax Reporting - Export PnL & Trade History
Learn how to export your Hyperliquid trade history for tax reporting. Covers PnL exports, CSV downloads, compatible tax software, and crypto futures tax classification.
Hyperliquid Portfolio Tracker: How to Monitor Positions & PnL (2026)
Track your Hyperliquid positions, PnL, and portfolio performance. Guide to the native dashboard, third-party trackers, and trade history export.
Hyperliquid Slippage Explained - How to Minimize It (2026 Guide)
Understand slippage on Hyperliquid: how it works on an order book vs AMMs, how to estimate it, and practical tips to reduce slippage on large trades.
Hyperliquid Spot Trading Guide: How to Buy & Sell HIP-1 Tokens
Learn how to spot trade on Hyperliquid. Understand HIP-1 tokens, navigate spot markets, buy your first token, and know the key differences between spot and perps.
Ready to Start Trading?
Join Hyperliquid with a 4% lifetime fee discount. No KYC, no account creation - connect your wallet and trade in under 2 minutes.
Join Hyperliquid - Save 4%