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Hyperliquid

Trade perpetual futures, spot tokens, and equities on Hyperliquid's high-performance order book.

Overview​

Hyperliquid is a decentralized exchange with an on-chain order book. Through Bankr, you can:

  • Trade perpetual futures (crypto, stocks, commodities)
  • Trade spot tokens
  • Manage positions, leverage, and margin
  • Set take-profit and stop-loss orders
  • Bridge funds to and from Hyperliquid
  • View market data and available assets

Perpetual Futures​

Opening Positions​

Long (Buy)​

Profit when price goes up:

"long $100 of BTC on hyperliquid"
"buy $50 of ETH perps with 10x leverage"
"long TSLA with 5x leverage"

Short (Sell)​

Profit when price goes down:

"short $50 of ETH on hyperliquid"
"short BTC with 20x leverage"
"sell $25 of SOL perps"

Order Types​

Market Orders (default)​

Execute immediately at current price:

"long $100 of BTC on hyperliquid"

Limit Orders​

Execute when price reaches your target:

"long $100 of BTC at $60000 on hyperliquid"
"short ETH with a limit price of $4000"

Leverage​

Specify leverage when opening a position:

"long BTC with 10x leverage"
"short ETH at 50x"

Higher leverage = higher risk. Positions can be liquidated if margin is insufficient.

Slippage​

Default slippage is applied for market orders. To adjust:

"long $100 of BTC with 1% slippage"

Spot Trading​

Buy and sell spot tokens on Hyperliquid's order book:

"buy $50 of HYPE on hyperliquid"
"sell 100 PURR on hyperliquid"
"buy $200 of HYPE at $25"

Spot trading supports both market and limit orders.

Risk Management​

TP/SL on New Positions​

When opening a position, you can include TP/SL inline with flexible formats:

"long $100 of BTC with take profit at $70000 and stop loss at $55000"
"long ETH with 10x leverage and 200% ROE take profit"
"short SOL with stop loss if price increases by $2000"

Inline TP/SL formats:

  • Absolute Price: "take profit at $70000"
  • ROE Percentage: "take profit at 200% ROE" / "stop loss at 5% ROE"
  • Price Delta: "take profit if price increases by $5000"

TP/SL on Existing Positions​

Set or update TP/SL on positions you already have open (uses absolute trigger prices):

"set take profit at $70000 on my BTC position"
"set stop loss at $55000 on my BTC position"
"set TP at $4000 and SL at $3000 on my ETH position"

Partial TP/SL​

Close only a percentage of your position when triggered:

"set take profit at $70000 on 50% of my BTC position"

Managing Positions​

View Positions​

"show my hyperliquid positions"
"what positions do I have on HL?"

Includes positions across core Hyperliquid and HIP-3 builder-deployed dexes, with unrealized PnL.

Close Positions​

"close my BTC position on hyperliquid"
"close 50% of my ETH position"
"close all my hyperliquid positions"

Supports full or partial closes via market or limit orders.

Update Leverage​

Change leverage on an existing position:

"set my BTC leverage to 20x"
"change ETH leverage to 5x isolated"

Supports cross and isolated margin modes.

Update Margin​

Add or remove margin from isolated positions:

"add $500 margin to my BTC position"
"remove $200 margin from my ETH position"

Order Management​

View Open Orders​

"show my open orders on hyperliquid"

Modify Orders​

Change the price or size of an existing limit order:

"change my BTC limit order price to $62000"
"modify my ETH order size to 2"

Cancel Orders​

"cancel my BTC order on hyperliquid"
"cancel all my hyperliquid orders"

Account Management​

Check Balances​

"show my hyperliquid balances"
"how much USDC do I have on hyperliquid?"

Shows balances across perps and spot accounts, plus USDC on EVM chains for bridging.

Transfer Between Accounts​

Move USDC between spot and perps accounts:

"transfer $500 from spot to perps on hyperliquid"
"move $200 from perps to spot"

Bridge Funds​

Deposit (EVM to Hyperliquid)​

"deposit $500 USDC to hyperliquid"
"bridge $1000 to hyperliquid from arbitrum"
"deposit to hyperliquid from base"

Minimum deposit: 5 USDC. Auto-detects the best source chain based on your USDC balances. Supports bridging from Arbitrum, Base, Polygon, and Ethereum. Funds arrive in your Hyperliquid spot account within ~1 minute.

Withdraw (Hyperliquid to Arbitrum)​

"withdraw $500 from hyperliquid"
"bridge $1000 out of hyperliquid"

Withdrawals land on Arbitrum within ~3-4 minutes. 1 USDC fee.

Market Data​

Asset Prices and Stats​

"BTC price on hyperliquid"
"show me ETH market data on HL"
"what's the funding rate for SOL?"

Returns price, 24h change, volume, open interest, funding rate, max leverage, and order book depth.

Available Assets​

"what can I trade on hyperliquid?"
"show me available perps on hyperliquid"
"search for TSLA on hyperliquid"

Includes HIP-3 builder-deployed dex assets (stocks, RWAs) when searching for equities.

Supported Assets​

CategoryExamples
CryptoBTC, ETH, SOL, HYPE, and 100+ more
StocksTSLA, AAPL, NVDA (via HIP-3 dexes)
SpotHYPE, PURR, and other Hyperliquid-native tokens

Costs​

  • Trading Fees: Maker/taker fees apply (reduced via builder fee)
  • Funding: Periodic funding rate for perps (longs pay shorts or vice versa)
  • Bridge Deposit: Gas fees on source chain
  • Bridge Withdrawal: 1 USDC fee, lands on Arbitrum

Risks​

  • Liquidation: Positions can be liquidated if margin is insufficient
  • High leverage = high risk: 50x leverage means 2% price move = 100% gain/loss
  • Funding rates: Can erode profits on long-held positions
  • Bridge delays: Deposits and withdrawals take a few minutes to process